This paper presents the results of a research on the efficacy of the Programa de Credito Especial para Reforma Agraria (PROCERA). It begins by showing the recent evolution of disbursements within the program, the sources of funds and the subsidy rate. It then proceeds by discussing the...

This paper analyses the Brazilian agricultural growth since January 1999, when a new exchange rate policy was adopted by the country. The analysis focuses on the behavior of the exchange rate and international commodity prices throughout the period 1999-2004. It is also analysed the behavior of...

This paper analyses the Brazilian agricultural growth since January 1999, when a new exchange rate policy was adopted by the country. The analysis focuses on the behavior of the exchange rate and international commodity prices throughout the period 1999-2004. It is also analysed the behavior of...