Minas Gerais Expecting a 2.9% Crop Reduction

Minas Gerais's crop Minas Gerais, a state in southeastern Brazil, has already allocated 3.9 billion Brazilian reais (US$ 2.1 billion) to its current agricultural crop, according to data supplied by the Bank of Brazil. The amount of funds is 18.7% greater than the 3.2 billion reais (US$ 1.79 billion) spent from July 2008 until February 2009.

Projections by the Agricultural Policy and Economics superintendency of Agricultural Policy and Economics of the Agriculture Secretariat of the State of Minas Gerais indicate that the crop in the state of Minas Gerais is going to demand a total of 6.5 billion reais (US$ 3.6 billion).

Out of that total, 5 billion reais (US$ 2.8 billion) should be allocated to entrepreneurial agriculture, and 1.5 billion reais (US$ 840 million) to family farming.

The funds should be spent in funding, investment and selling the output. The total figure to be invested in the crop should be 27.5% higher than that of the previous crop, which was 5.1 billion reais (US$ 2.8 billion).

So far, 1.3 billion reais (US$ 728 million) have already been cleared for coffee farmers, 481 million reais (US$ 269 million) for corn farmers, and 320 million reais (US$ 179 million) for soy farmers.

Cattle farmers have received 829 million reais (US$ 464 million). Out of the total credit granted, the largest share went to the South of the state of Minas (34%), and the second largest share went to the region known as Zona da Mata (18.3%).

The state of Minas Gerais should produce 10.1 million tons in its current crop, according to projections made by the National Food Supply Company (Conab). There should be a 2.9% reduction over the previous crop.

The figure includes production of cotton, peanut, rice, oat, rye, bean, sunflower, castor seed, corn, soy, sorghum, wheat and triticale. It does not include coffee, a product of which Minas is a large producer.

Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Sorry, New York. The Hip-Hop Thrill Has Gone South to Rio

If you were ambling along the Copacabana beach, in Rio, in recent months, you ...

Brazil's Electronics Valley

How Education and Hard Work Built Up Brazil’s Silicon Valley

The year was 1959. The place, Santa Rita do Sapucaí, a city in southeastern ...

IMF Is Bullish on Brazil and Mexico for the Coming Year

Brazil together with other Latin American and Caribbean countries are recovering from the global ...

Dilma Rousseff, Lula’s Pick for President, Takes 5% Lead in Polls

According to a new poll, Brazil’s incumbent candidate Dilma Rousseff took the lead in ...

Time for a Gentler Economic Policy in Brazil

Brazilian Economist Walter Brasil Mundell believes that the Brazilian economy will grow more in ...

Brazilian Indians Win This Round. They Can Stay.

The chief justice of the Brazilian Supreme Court, Carlos Ayres Britto, suspended three repossession ...

An outdoor restaurant in the Brazilian interior

That’s How the US Likes Brazil: Docile and Underdeveloped

Brazil’s presidential election passed with very little notice here in the United States, where ...

Obama, Lula & DC Rally Tackle Today Sean Case, the US Boy Abducted to Brazil

A rally to raise awareness of the Sean Goldman case and Brazil's lack of compliance ...

Brazil: In São Paulo, It’s Always Killing Season

Killing has become a sad routine in São Paulo, South America’s largest city. Criminal ...