The 2024-25 Crop Plan is expected to provide over BRL 500 billion in funding for family and business farms. The Ministry of Finance is finalizing this amount, as anticipated by the Minister of Agriculture, Carlos Fávaro. The total value may exceed BRL 435.8 billion from the 2023-24 crop. Agribusiness entities requested BRL 570 billion. The Confederation of Agriculture and Livestock of Brazil (CNA) proposed BRL 470 billion for medium and large farmers and BRL 100 billion for Pronaf. The relevant ministries requested a total of BRL 532 billion, with the Ministry of Agriculture seeking BRL 452.3 billion and the Ministry of Agrarian Development and Family Agriculture requesting BRL 80 billion. The Crop Plan is set to be launched on June 26.
Source: Dinheiro Rural (*Translated by Ia Niani)
BRAZIL: CROP PLAN FOR 2024-25 LIKELY TO SURPASS BRL 500 BILLION
Published On - 27 de June de 2024