news@nme.com wrote an interesting post today on
Here’s a quick excerpt
NYT:
SÃO PAULO, Brazil — Luciano Alves planted beans, corn and grain on about 7,500 acres of his farm in southern Brazil last year. This year, he is planting 8,600 acres. And he credits Brazil’s president, Luiz Inácio Lula da Silva, with the increase.
“The government is helping us finance the purchase of new machinery,” said Mr. Alves. “They reduced the interest rates we pay and have given us more time to pay off the loans. It’s vital.”
Rising food prices mean many farmers around the world are reaping record profits. And South America’s agricultural powerhouses, Brazil and Argentina, are responding to the farming windfall in exactly opposite ways.
Mr. da Silva’s government recently announced record farm credits, in an effort to get Brazil’s farmers to produce more while the price of their exports are high on world markets, a move that should improve Brazil’s economy. But Argentina, Brazil’s economic and political archrival, decided to share the […]
Read the rest of this great post here