Brazil Injects $90 Billion to Modernize Farm Industry
Brazil has launched a major investment plan to revolutionize its agroindustry. The plan, backed by R$547B ($90B), aims to build sustainable, digital agricultural supply chains. This effort is believed to secure Brazil’s food, energy, and nutritional independence.
President Lula da Silva and Vice President Alckmin, along with key industry leaders, announced this initiative. The New Industry Brazil Mission 1 (NIB) sets goals for 2026 and 2033. The government says, this is not just about growth; it’s about empowering farmers and ensuring Brazil’s self-sufficiency.
The plan targets a 3% annual GDP increase for the agroindustrial sector by 2026, rising to 6% by 2033. It also focuses on mechanizing and technologizing family farms, aiming for 28% mechanization by 2026 and 35% by 2033, with 43% and 66% technological adoption, respectively. Precision agriculture, particularly drone production, is a key focus.
Public funds will provide R$250B ($41B) in credit lines, while private sector investment will add R$296B ($49B) by 2029. This plan also promotes local production of fertilizers, biofertilizers, and agricultural machinery.
The government’s actions include setting up the National Research and Innovation Program for Family Farming and Agroecology, and a technical cooperation agreement to support family agriculture with appropriate machinery.
Brazil Injects $90 Billion to Modernize Farm Industry
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 183,827.59 | +0.46% | +21.85% | 182,991.13 | 168,310 | 167,142 | — |
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| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
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| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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