News

Brazil: There is a major crisis occurring in the rural sector with crop failure and low prices

Soybean
Published Feb 21, 2024

Tridge summary

Pedro Lupion, the president of the Parliamentary Front for Agriculture (FPA), has raised concerns about a potential crisis in the agricultural sector due to low grain prices and crop failure. He suggests that renegotiating rural producers' debts, extending rural credit operations, and implementing supportive policies for grain sales could help mitigate the crisis. Lupion emphasizes the need for government intervention, especially in terms of debt postponement and financial support. These issues are currently under discussion with the Ministry of Agriculture.
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Original content

By Isadora Duarte Brasília, 02/20/2024 - The president of the Parliamentary Front for Agriculture (FPA), federal deputy Pedro Lupion (PP-PR), assesses that there is a major crisis imminent, or already occurring, in the agricultural sector. "It is an extremely worrying situation and it is not exclusively about crop failure due to the weather, there is also a marketing issue because the prices of soybeans and corn today do not cover the cost of production. This crisis needs to be contained somehow", he stated Lupion at a press conference, in Brasília (DF), after a weekly meeting of the ruralist bench. Containing the crisis involves renegotiating rural producers' debts, extending rural credit operations and policies to support grain sales. "It needs to be contained by the Ministry of Agriculture, with a minimum price guarantee, support for marketing, through financial institutions, with the possibility of advance payment to producers. But I don't think we will escape an extension of ...
Source: Broadcast
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