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According to the Brazilian Association of the Machinery and Equipment Industry (Abimaq), in the month of May the sector showed a growth in net sales revenue of around 0.7% more than the month of April, thus indicating a recovery after the effects of the Covid-19 pandemic.
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The interannual result, from May 2020 to May 2021, was equally positive and showed strong growth of 46.1%. This growth occurred both in the domestic market (1.0%) and in the foreign market (7.3%). The domestic market suffered a sharp drop in investments due to the 2016 crisis, which explains the recent need for replacement, modernization and expansion of the industrial park. Between January and May the acquisition of national machines grew by 54.0%.
And these numbers only tend to grow, as recently, the Federal Government launched the budget for the 2021/2022 Harvest Plan, where the amount allocated for investment and financing of machinery and equipment will be R$73.4 billion, an increase of 29% compared to the previous harvest.
“Producers who are interested in buying their first agricultural machine, or even exchanging and updating their old machine, can take out rural credit”, comments Romário Alves, founder of the Sonhagro network.
By: Eliza Maliszewski | agrolink
