South American News: July 2024

Brazilian Government Announces 2024-25 Crop Plan

During the first week of July, Brazil’s Ministry of Agriculture and Livestock announced a total of BRL 476.5 billion (or nearly $87.1 billion USD) for its 2024-25 Crop Plan. The government program — mostly used for subsidizing technological acquisitions by farmers — is 10% higher than the previous season.

Of the total, approximately BRL 400 billion would be used by large and mid-sized farmers, bringing BRL 293 billion for…

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