The national government’s effort to increase farm lending reports by 7.5 percent this year to 100 billion reais ($57.3 billion), from 93 billion reais (USD52.4 million) last year, fell short of the 146 billion reais (USD82.4 million) credit demand of farmers. National Agriculture Confederation Director Rosemeire Santos reasons out that the surging of debt and the global credit crunch curtailed access to financing. Crop growers assert that they need protection from price declines.

    About the author

    • Chiden Balmes

      Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.