Funds for Brazil’s 2023–24 agricultural plan reach BRL 364 bi

Brazilian President Luiz Inácio Lula da Silva on Tuesday (Jun. 27) unveiled the country’s Plano Safra 2023–24, with BRL 364.22 billion allocated to finance industrial agriculture in the country. The credit is expected to support large producers and registered farmers.

The amount is 26.8 percent up from the BRL 287.16 billion in the previous 2022–23. “It’s the first Plano Safra of our government, and, just as in the other ones, from 2003 to 2015, I’m not afraid to tell you that we’ll be making better and better plans every year,” said Lula, during a ceremony at the Planalto presidential palace.

“Those who believe the government thinks ideologically when it comes to the Plano Safra are mistaken. […] That’s not how the head of a responsible government should behave. The head of a responsible government should not have the pettiness to insult the people, or instill hatred among them. This country can only succeed if everyone wins,” the president declared.

Sustainability

The government s goal in the Plano Safra is to boost environmentally sustainable production systems, with lower interest rates for pasture recovery and awards for producers with sustainable practices.

In the president’s view, the productive sector cannot be a “predator” of the country’s natural wealth, which is an asset for future generations. “We don’t need deforestation to raise more cattle or plant more soybeans. We have the potential to recover millions of hectares of degraded land,” Lula stated.