Well before the US-led global financial crisis deepened in September, Brazil – one of the world's pre-eminent agricultural producers and exporters – faced several constraints on expanding its upcoming 2008-09 grain and oilseed harvest, as we pointed out in our June report Why doesn’t Brazil plant more? The current liquidity crunch and the recent slump in global commodities prices have only exacerbated problems for local farmers. Anecdotal reports of banks repossessing agricultural...
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