Agent Login
Welcome to Tambaba Country Resort agent login, you will require a username and password to enter this section of the site
close
User Name: Password:
 
login


News image

Brazil’s plan to lift restrictions on foreign land ownership

22/06/2016

Brazil has announced its plans to lift the current limits on foreign ownership of agricultural land.

Secretary of Investment, Moreira Franco called the restriction on sales of agricultural land to foreign individuals and companies “nonsense”. He said “The government will discuss the issue and see how it can solve this. It is something completely unreasonable.”

The restrictions were put in place in 2010 by former President Lula da Silva who limited the amount of land foreign investors could buy. This followed his concerns that countries like China would claim control of large segments of Brazil land.

But without foreign lenders able to receive land as collateral if local borrowers defaulted, the restrictions began to limit international credit, especially in the agricultural sector.

This comes as Brazil’s powerful Landless Workers Movement, known as MST, has promised to launch a new wave of land occupations following the interim governments’ replacement of the suspended President Dilma Rousseff. Brazil already has vastly unequal land ownership, with 1 percent of the population owning nearly half of all the land.

A review of the new rules on foreign land ownership have long been defended by companies trading in Brazil commodities, to allow for more investment to flow into the country – in particular, timber, pulp and sugar.

Recent News
09/08/18
Protected areas could help boost Brazil's national economy, study finds
more>
06/08/18
FGTS threshold to finance homes increased to 1.5M reais
more>
30/07/18
Brazil Residential Sale Prices Stable in June
more>
25/07/18
Brazil homebuilder MRV to boost housing starts after hitting profit estimates
more>
24/07/18
China Expands Brazil Frontier as Investment Grows
more>
05/04/18
Yellow, Bike-share start up in Brazil
more>
22/03/18
Brazil designates two new marine protected areas
more>
19/03/18
Siemens to triple investments in Brazil
more>
20/02/18
UK agrees sale of HMS Ocean to Brazil
more>
08/02/18
Ship Repair Yard being built in Paraiba
more>
18/01/18
Brazilian developer Cyrela reports fourth quarter sales jump
more>
16/01/18
Brazil Stocks hit all time high
more>

Archive