IFPRI’s Maximo Torero, Director of the Markets, Trade, and Institutions Division, was quoted in a Reuters story about land rental markets in Brazil. Reuters’ Chris Arsenault reported that one percent of the population owns almost half of Brazilian land. Rental markets, however, could increase agricultural productivity.
If Brazil’s newly-installed government is to achieve its goal of expanding the country’s vast agricultural potential, the slow rental market needs to be addressed, land experts say.
“The best way to get this (growth) would be through a rental market,” said Maximo Torero, director of markets at the Washington D.C.-based International Food Policy Research Group (IFPRI).
“The farmers are included; they still have ownership,” Torero told the Thomson Reuters Foundation. “They get rent money and the land is used more effectively.”