Brasília – Farmers should have 116 billion Brazilian reals (US$ 61 billion) for the financing of the 2010/2011 crop. The value is 7.4% greater than that made available in the previous cycle. According to the Ministry of Agriculture, which should disclose the Agricultural and Livestock Plan today (7), commercial agriculture should receive 100 billion reals (US$ 53 billion), whereas family farming should receive 16 billion reals (US$ 8.5 billion).
In the 2009/2010 crop, commercial farming received US$ 49 billion and family farming, US$ 8 billion. One of the highlights of the plan is the creation of Low Carbon Emission Agriculture, which should receive 2 billion reals (US$ 1.1 billion) for the financing of technology to reduce greenhouse gas emissions, like the system for crop-livestock-forestry integration.
The 2010/2011 Agriculture and Livestock Plan should be announced by president Luiz Inácio Lula da Silva and by Agriculture minister Wagner Rossi. It should be disclosed at the headquarters of the Brazilian Agricultural Research Corporation (Embrapa), in Brasília.
Among the main measures are: expansion of the volume of rural credit, better market access and financing to middle farmers, incentives to technology in the country that reduce greenhouse gas emissions and the transfer of funds to increase the storage capacity in farms.
*Translated by Mark Ament
