Bloomberg News

Banco do Brasil to Spend $27 Billion on Agriculture

July 09, 2012

Banco do Brasil SA plans to spend a record 55 billion reais ($27 billion) to finance agriculture for the 2012 to 2013 season, according to an official statement distributed today in Brasilia. The amount represents a 14.2 percent increase compared with last season’s agriculture credit of 48.2 billion reais.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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