After facing complaints from farmers and ag machinery companies about the scarcity of credit, Brazil’s National Bank for Social and Economic Development (BNDES) announced during Brazil’s Agrishow farm equipment exhibition that it would make an additional R$536 million (approx. $135 million) for acquisition of agricultural machinery and implements during 2018-19 season at subsidized rates in partnership with private banks.
The total amount provided by the bank jumped from R$7.6 billion to R$8.1 billion in loans…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
