Financial adjustment marks the beginning of 2025 in agriculture

Until June, 415 judicial recovery requests were recorded, equivalent to 73% of the entire volume of 2024, a pace considered historic. The majority comes from Mato Grosso, Goiás, and Minas Gerais, states with large-scale production and high exposure to capital and climatic risk. The movement is led by tenants pressured by fixed costs and by large producers with a high level of leverage and long-term investments. Judicial recovery has been used as a tool for reorganizing liabilities in the face of a scenario of greater financial pressure. Delinquency is also growing, but selectively. The rate reached 8.1% of the rural population in the second quarter, an increase of 1.1 percentage points compared to the previous year. The highest rates appear among tenants, with 10.5%, and large producers, with 9.2%, while small and medium-sized producers remain below the average. For Cogo, the data indicate a cycle adjustment marked by higher interest rates, ...