Brazil’s agricultural sector faces a significant challenge as bankruptcy filings among farmers continue to rise. Recent data from Serasa Experian reveals a worrying trend in the second quarter of this year. Individual farmers filed 214 bankruptcy requests, more than doubling the number from the first quarter and six times higher than the same period last […]
Related Posts
Brazil’s Fight Against Usury Compared to Developed Nations
In March 2024, Brazil saw credit card interest rates soar to an annual peak of 421.3%, as reported by the Brazilian Central Bank. This report highlights the ongoing challenges within Brazil’s credit industry where rates reached as high as 442.1% annually. Amidst this volatility, the total credit market expanded to R$5.873 ($1.1) trillion, a 1.4% […]
Brazil’s State-Owned Enterprises Face Historic Deficit
In 2023, Brazil’s SOEs faced a R$2.3 billion ($460 million) deficit, their worst since 2015, reports the Central Bank. This announcement, made on February 7, 2024, marks a significant financial downturn for these entities. The last similar deficit was R$1 billion ($200 million) in 2016, marking a dramatic economic performance shift. The data reveals that […]