Jobs May Be Lost If Government And BNDES Do Not Increase Credit Lines For Agriculture. Sector Surprises and Increases Investments In Agricultural Machinery Despite Little Government Support

Written by Fabio Lucas Carvalho

Published on 19/04/2021 at 21:44

Agricultura / Pixabay

Be the first to react!

Agricultural Machinery Sales Soared Over the Last Few Months, Even with BNDES Credit Lines Becoming Increasingly Difficult

Despite the economic and political crisis in Brazil, the agricultural machinery market could not leave companies and professionals in the sector any happier. The scarcity of credit lines from the BNDES, which has occurred since November of last year, did not prevent the market from continuing to rise and having excellent prospects for 2021. However, despite initially good numbers, there is a concern about investments for potential job losses in 2021/22.

Luís Felli, president of AGCO South America, stated in a report to Estadão that he believes that by March, the agricultural machinery market will have sold 20% more tractors and 70% more harvesters. In the Agricultural Machinery Chamber of Abimaq, the increase in associated sales was 55%. The 20/21 harvest was a record, generating great optimism for the upcoming crop. Additionally, the good prices achieved by producers in sales warmed the market, highlighted Cristiano Correia, marketing director at John Deere.

Jobs May Be at Risk if the Government Does Not Increase Subsidies

In a text published on Canal Rural, Pedro Estevão, president of the Brazilian Association of Machinery and Equipment Industries (Abimaq), lamented that the government is cutting funding for agricultural credit. According to him, if this continues, credit will become much more expensive, causing farmers to stop investing, leading to layoffs and harming jobs in such an important sector for the economy.

ARTICLE CONTINUES BELOW

See also

Plant, job, tractor driver — Tractor Driver at Work

The sector is awaiting the 2021/22 Safra Plan, and believes that the line will have more than the R$ 8 billion from 2020/21. According to Pedro Estevão Bastos, the market needs R$ 20 billion. The agriculture sector has been investing a lot of money during this pandemic, generating many jobs and helping the Brazilian GDP to avoid a more worrying situation. With fewer resources for expenses, farmers have to use their own capital to invest, leaving this money unallocated to other areas.

Abimaq argues that it is necessary to change the Annual Budget Law (LOA 2021), not to mention important reforms for the sector, such as tax and administrative reforms. These actions would give the government more flexibility to release credit for the sector.

BNDES Announces New Rural Credit Modality

On April 8, Tereza Cristina, Minister of Agriculture, Livestock and Supply, and Gustavo Montezano, president of the BNDES, announced a new way to support small farmers through guaranteed agribusiness receivables credit. The idea is to encourage private credit for small farmers.

Jobs May Be Lost If Government And BNDES Do Not Increase Credit Lines For Agriculture. Sector Surprises and Increases Investments In Agricultural Machinery Despite Little Government Support

Agricultural Machinery Sales Soared Over the Last Few Months, Even with BNDES Credit Lines Becoming Increasingly Difficult

Jobs May Be at Risk if the Government Does Not Increase Subsidies

BNDES Announces New Rural Credit Modality

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

Instead of retiring, two gentlemen defy logic and handcraft a 1,200 hp V12 engine, installed in a machine made to tear through the California desert at nearly 430 km/h in pursuit of a brutal speed record.

Iron ore falls to 762 yuan in China as real estate sales decline and steel production hits lowest level since 2018

Plug the charger into the outlet first or connect it to the phone? Experts warn that a simple sequence can reduce electrical fluctuations, minimize voltage spikes, and influence the battery’s lifespan after years of continuous use.

Invasive bullfrog capable of devouring other amphibians and laying up to 20,000 eggs is found in Florianópolis, raising an alert about the threat to native fauna.

Neymar focuses on Dubai and buys a penthouse worth R$ 314 million in a Bugatti building, with an elevator that takes the car inside the house, an artificial beach inspired by the French Riviera, and only 11 residential units of this type in the building.

Jobs May Be Lost If Government And BNDES Do Not Increase Credit Lines For Agriculture. Sector Surprises and Increases Investments In Agricultural Machinery Despite Little Government Support

Agricultural Machinery Sales Soared Over the Last Few Months, Even with BNDES Credit Lines Becoming Increasingly Difficult

Jobs May Be at Risk if the Government Does Not Increase Subsidies

BNDES Announces New Rural Credit Modality

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

Giant of supermarkets in Brazil, with 282 stores in 9 states, opens a new pharmaceutical unit after closing 28 operations and laying off 6,600 employees; strategy approved by Cade reveals a billion-dollar bet on a market that continues to grow.

Free driver’s license for Brazilians: Detran starts a new phase for 3,000 selected individuals, but a mandatory requirement and a deadline that ends in a few days may cause candidates to lose the benefit.

Illegal betting money may change destination: government announces freezing of funds, contacts banks, and explains how the amounts could finance the fight against organized crime after a billion-dollar operation in three states.

Invasive weed that withstands extreme heat advances with climate change, threatens crops on several continents, and raises a global alert about a silent plant capable of dominating soils, suffocating native species, and reshaping entire ecosystems.

Two sisters, aged 12 and 13, collected cans for a year, set up a lemonade stand without any help, and turned $236 into a business that has already grossed $65,000.

Instead of retiring, two gentlemen defy logic and handcraft a 1,200 hp V12 engine, installed in a machine made to tear through the California desert at nearly 430 km/h in pursuit of a brutal speed record.

Iron ore falls to 762 yuan in China as real estate sales decline and steel production hits lowest level since 2018

Plug the charger into the outlet first or connect it to the phone? Experts warn that a simple sequence can reduce electrical fluctuations, minimize voltage spikes, and influence the battery’s lifespan after years of continuous use.

Invasive bullfrog capable of devouring other amphibians and laying up to 20,000 eggs is found in Florianópolis, raising an alert about the threat to native fauna.

Neymar focuses on Dubai and buys a penthouse worth R$ 314 million in a Bugatti building, with an elevator that takes the car inside the house, an artificial beach inspired by the French Riviera, and only 11 residential units of this type in the building.