Faesp demands recomposition of rural insurance after cuts

The Federation of Agriculture and Livestock of the State of São Paulo (Faesp) is expanding its coordination with federal government authorities in defense of the budget recomposition of the Rural Insurance Premium Subsidy Program (PSR). The entity has made efforts with the Ministry of Agriculture and Livestock (Mapa), the Ministry of Finance, the Ministry of Planning and Budget, and the Vice-Presidency of the Republic to present the concern of the agricultural sector in the face of what it classifies as an "unprecedented setback" in Brazilian rural insurance. In the middle of this year, the government announced a cut of R$ 445 million in the budget of the PSR, which initially provided for R$ 993 million for 2025. The reduction in resources, of 45%, is the largest ever recorded within a single crop year since the creation of the program. The remaining R$ 548 million have already been completely consumed, leaving the country's main grain crop – the summer crop – practically without ...