Brazil is taking a bold step to boost rice production by introducing a program aimed at increasing output by 1 million tonnes. Agriculture Minister Carlos Fávaro unveiled this initiative, which utilizes public option contracts to ensure food security and local rice supplies. The government shifted its focus from importing rice to supporting domestic production to stabilize market prices, estimated to cost around R$1.7 billion ($306 million). By offering producers the option to sell their rice to the government, this innovative system allows for more effective resource management.
In addition to supporting rice cultivation beyond Rio Grande do Sul, the plan includes raising farm insurance subsidies to R$3 billion ($541 million) annually. These efforts, outlined in the 2025 Budgetary Guidelines Law, demonstrate Brazil’s commitment to agriculture and enhancing agricultural resilience by reducing regional disparities. By securing rice production in various regions, Brazil is paving the way for agricultural growth and increased food security amidst global market changes.
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