Brazil: Brazil Unveils 2024-25 Crop Plan with Funds for the Upcoming Agricultural Season

  |   Attaché Report (GAIN)   |   BR2024-0018

Contact:

Office of Agricultural Affairs, Brasilia   |   (011-55-61) 3312-7101

Link to report:

Brazil: Brazil Unveils 2024-25 Crop Plan with Funds for the Upcoming Agricultural Season
The Government of Brazil (GoB) announced a nominal record in funds for 2024/25 Crop Plan, the main agricultural credit and financing public policy, at R$ 475.5 billion (US$ 88.2 billion). While this year’s funds set a record in nominal terms, nine percent higher than the 2023/24 Crop Plan valued at R$ 435.8 billion (US$ 80.9 billion), agricultural sector representatives deemed the funds insufficient to support farmers struggling with challenging market conditions, such as falling international commodities prices and high production costs. With the Brazilian Real (R$) having devaluated by nearly 11 percent against the U.S. dollar over one year, the 2024/25 Crop Plan values converted to U.S. dollars are two percent below last year’s.
Western Hemisphere, Brazil

Database Source:

Related Reports

View More
Attaché Report (GAIN)

India: Coffee Annual

FAS Mumbai forecasts marketing year (MY) 2025/26 coffee production (Oct/Sep) at six million 60-kilogram bags. A dry spell during January and February, followed by strong winds and excessive pre-monsoon rains in March and May,
Attaché Report (GAIN)

Canada: Grain and Feed Annual

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
Attaché Report (GAIN)

Guatemala: Coffee Annual

Guatemala’s coffee production areas remain stable, with gradual increases in output as ongoing renovation efforts begin to show results.