Brasília – Brazil’s government-run bank Banco do Brasil said this Tuesday (5) that it will provide BRL 101 billion (USD 31 billion) worth of credit to agriculture and livestock farming in the 2016\/2017 season. The amount will be divided into BRL 91 billion (USD 28 billion) for farmers and cooperatives, up 10% from the last season. The other BRL 10 billion (USD 3 billion) will be made available to corporations in the agribusiness production chain.<\/p>\n
Banco do Brasil chairman Paulo Cafarelli said BRL 71.1 billion (USD 21.8 billion) out of the amount earmarked for growers and cooperatives are intended for cost-covering and sale operations, and BRL 19.9 billion (USD 6.1 billion) are for agricultural investment. Cafarelli noted that the bank accounts for 61% of all credit to agriculture and livestock farming in Brazil. He stressed that this is a key sector for the resumption of economic growth. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" From the total amount of credit for farming in 2016\/2017, USD 28 billion will go to farmers and cooperatives, with USD 3 billion earmarked for corporate agribusiness.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[],"class_list":{"0":"post-54525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-agribusiness"},"wps_subtitle":"From the total amount of credit for farming in 2016\/2017, USD 28 billion will go to farmers and cooperatives, with USD 3 billion earmarked for corporate agribusiness.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=54525"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54525\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=54525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=54525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=54525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}