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Brazil Has US$ 42 Million for Those Willing to Plant Castor Beans

The National Program to Strengthen Family Farming (Pronaf) will offer a line of credit worth US$ 41.6 million (100 million reais) to encourage the planting, cultivation, and harvesting of castor beans.

This oil seed crop is one of the chief raw materials for use in the production of biodiesel, a non-polluting fuel that will be added to diesel oil.


The announcement was made this Monday, June 6, by the Minister of Science and Technology, Eduardo Campos, who participated in a seminar on biodiesel and the Northeast, in Recife, Northeastern Brazil.


According to Campos, the goal is to benefit 38 thousand families, 30 thousand of them in the semi-arid region of the Northeast, by 2006, through cultivation of this crop.


He informed that the participation of family farmers in castor bean production will generate US$ 41.6 million (100 million reais) in additional income, annually, for all the families involved in the program.


The biodiesel program is aimed at consolidating Brazil’s leadership of a clean and renewable energy source.


“Our expectation is that biodiesel production will open prospects for exports and reduce diesel imports, which currently cost the public coffers US$ 1.2 billion per year,” the Minister argued.


He informed that Brazil currently consumes 37 billion liters of diesel fuel per year, of which 15%, or 6 billion liters, are imported.


Campos observed that when diesel fuel begins to be sold to consumers this year with a 2% mixture of biodiesel, production will not be able to keep up with demand.


“740 million liters of biodiesel will be necessary to compose the mixture,” he pointed out.


That is why the Ministry is investing in biodiesel refinery projects, which will also promote sustainable development and social inclusion.


During the event Campos signed an agreement with João Eudes Machado Tenório, mayor of Pesqueira, 209 kilometers from Recife, for the installation of a biodiesel factory in the municipality, using castor beans as raw material.


The plant will receive US$ 416 thousand (1 million reais) in funds from the Ministry of Science and Technology for the purchase of machinery. The factory will have an initial capacity to produce two and a half million liters of biodiesel.


The national biodiesel program, launched last December by President Lula, has the goal of creating 900 thousand jobs and involves 14 Brazilian Ministries.


Agência Brasil

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  • Show Comments (5)

  • patrick m

    want to start bio-diesel business in brazil
    can any one email me info on the yield and cost per acre or hectare in brazil for castor seeds, corn, soybeans, and sugarcane.
    Email to PM.Listings@gmail.com

  • Jack Budd

    CDM owner biodiesel business Nicaragua
    interested in farming castor seeds for biodiesel 8800 GPD
    need business model current for 2007 costs and yields
    and we have investor for Nicaragua
    8-12-07
    cookjack3@yahoo.com
    La Habra, CA USA
    714-871-5821

  • Guest

    Castor plantation in Brazil/USA
    My name is Azam M. Khan and I have been cultivating castor in India and have been producing around 1500 kgs. per acre.
    I would like to know about the prospects of castor cultivation in the US. Will it be possible for someone like me to become involved in the Brazilian program?
    I can be contacted on e-mail : azammian2001@yahoo.com
    My phone number is +91 755 1542426

  • Guest

    corn yield of 333 bushels or 8000 kgs pe
    i am intrested to find out infromation on how an yield of 333 bushels or 8000 kgs of corn was taken by mr charles shindler,i like more infromation please e mail to me, melodina_99@hotmail.com my phone number is
    919343310653

  • Guest

    charles schindler
    I have been intersted in planting Castor Beans in Brazil for over two years I have very good farming experinece with taking the highest yeild in Corn in 1996 at 333.3 bushels to acre in the US.

    I have reqeusted so many times information from Brazil on how to get some land and do a major Castor Bean operaiton. Please update me on what I can do to find someone to help.

    charlesschindler@hotmail.com

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