RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro said today, June 28, that the government expects the 2021/2022 crop to exceed 300 million tons, which will confirm the country's "inescapable vocation" of being the world's granary. According to the president, this is due to a modern and sophisticated financing system led by Banco do Brasil (BBAS3).
The statement was made during Banco do Brasil's announcement that R$135 (US$27) billion in credits will be available for the 2021/2022 crop.
The amount is 17% higher than the volume invested in the preceding harvest.
"Brazilian agriculture did . . .
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