Brazil’s Agriculture Minister, Marcos Montes, announced during a government event in May the resources for the Crop Plan, the government program that subsidizes farm investments, during the 2022-23 season.
Agrishow, one of the largest agricultural fairs held in Brazil, has generated more than R$ 11.2 billion ($2.1 billion) in sales of machinery and agricultural machinery in April 2022.
According to Brazil’s National Supply Company (Conab), the country is projected to increase its second corn crop surface by 7% and expects to set a new record of 86 million metric tons.
The Brazilian government announced it will start free registration of agricultural machinery vehicles in October. According to Brazil’s Agriculture Ministry, the registration will be completely free, and it aims to increase safety and security.
The agricultural fair known as the kick-off for the end of the soybean harvest in the Brazilian state of Rio Grande do Sul is also recognized for featuring the latest technologies, an opportunity for farmers to test-drive the combines and sign the contracts if they like the innovations they have seen.
John Deere announced in February the launch of its DB MaxEmerge 5e planter in Brazil. The planter is added to a portfolio that already had the ExactEmerge and MaxEmerge 5 models, but now the company says it offers its “intermediary” version of the machine.
Even in a year with uncertainties brought by the war between Russia and Ukraine or new variants of the coronavirus, Brazilian representatives of agricultural machinery manufacturers are optimistic and believe 2022 sales will beat 2021.
Brazil’s National Bank of Social and Economic Development (BNDES) announced a new government subsidized credit program, which would help finance the reduction of low carbon emissions.
The Brazilian Assn. of the Industry of Machines and Equipment (Abimaq) announced there was an overall increase of 43% in sales of agricultural machinery and equipment in the country in 2021.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.