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Brazil Congress Attempts to Liberalize Purchase of Land by Foreigners

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Negotiation of agricultural land for foreign investors has returned to the Brasília agenda. Senator Irajá Abreu (PSD-TO) filed last week a new bill on the topic, more flexible to the sale or leasing of rural properties, provided that these groups form a company in Brazil.

"I see a more favorable political and economic environment for the issue. The approval of foreign airlines entering Brazil helped debunk the subject," the senator told Brazilian news outlet Estadão.

The purchase of land by foreign investors in Brazil has been a sensitive . . .

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