SORRISO, Brazil (DTN) -- On a cool June day in his country's capital of Brasilia, Brazil's Agriculture Minister Antonio Andrade announced a credit line of more than $10 billion for farm storage.
As is the way with politicians, he boldly claimed the financing, to be offered over five years, would go a long way to resolving Brazil's storage deficit.
Less publicly, the minister hopes building silos will ease pressure on Brazil's creaking port and road infrastructure until improvements to grain logistics come on line in five to 10 years' time.
The farm sector applauded the initiative.
"It's a great step ...