Farmers are bankers in Brazil

Argentina, Uruguay and Panama have the only agriculture-friendly banks of the region Want a financial surprise? In Dominica farmers have to be their own bankers. They have to find financing for the whole process, from sowing to selling their crops. Banks have only 0.8 percent of their total loan portfolio in the agriculture sector, on an island that generates a sizeable 13 percent of its GDP in agriculture. Not surprised? Perhaps you might be if you find that farmers in agriculture giant Brazil have the same problem of banks turning their backs on them. The country has the same 0.8 percent ratio of credits in agriculture to total bank loans, in an economy that is the second biggest grain producer […]