Brazil’s Farm Minister: 2026 Is the Worst, Then It Gets Better

2026-02-20 - 18:23

Key Points — Minister Carlos Fávaro calls 2026 the hardest year in a downturn cycle since 2023/24, citing high debt, scarce credit, falling prices and a weaker dollar — The government is preparing a record Plano Safra for 2026/27 with rates possibly as low as 9-10%, plus universal crop insurance costing up to R$5 billion