In early June, Brazil launched its package of farm subsidies funding bill, which is known mostly for its loans to machinery purchases and known locally as the Crop Plan. For the 2020-21 crop season, starting in July of this year, the Brazilian government increased the total budget for the program by 6.1%, which accounts for R$236.3 billion (nearly $44.2 billion). Of that, R$57 billion ($10.6 billion) will be used on subsidized loans for agricultural machinery…
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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.
