Contracting of rural credit in Brazil increases 22%, to $30 bn

The value of rural credit contracts in Brazil, under the Crop Plan, totalled R$169.44 billion ($30 bn) between July 2020 and March 2021, up 22% compared to the same period of the previous season, said the Ministry of Agriculture on Wednesday. Of this amount, R$ 90.77 billion ($16 bn) were allocated to funding, an increase of 18% compared to the previous year, while investments jumped 43%, to R$53.39 billion ($9 bn), the ministry said.

Source: Money Times