During the past month, Brazil announced its 2019-20 Crop Plan, a subsidy program aimed at mitigating production risks for the country’s farmers. The total value announced was R$225.3 billion (roughly $59.2 billion). The set-aside payments allows for R$169.3 billion for cost, commercialization and processing; R$53.4 billion for investments; R$1 billion for rural insurance; and R$1.85 billion for direct acquisition of products from producers.
The program also calls for new interest rates for credit investment or…
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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.
