In November, the Brazilian Central Bank dropped the reference interest rate 0.5% to 5%. A new report from Bradesco, the second largest private bank in Brazil, suggests interest rates could fall again to 4.5% in December or January.
For some major players, the transition from a subsidized market to a non-subsidized one will be difficult. “It is always hard to leave a situation of comfort for an unknown one. This generates apprehension, mostly [for] farmers…
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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.
