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Government Support of Agriculture Brazil

  • R$123 billion approved for 2011/2012 Agriculture and Livestock Plan

  • R$107 billion targeted towards Agribusiness (large-scale operations)

    • 7% higher than 2010/2011

  • R$16 billion targeted towards family agriculture (small-scale operations)

Interest Rate

Grace Period

Terms

Expiration

1%/2%(1)

3 yrs

10 yrs

Perennial Approval

0%

2 yrs

5 yrs

12/31/11

7.5%/9.5%(2)

1.5 yrs

6-8 yrs(3)

6/30/12

  • Government programs to support equipment purchases

MDA “More Food”

National, <78 hp tractors

Pro-Tractor

Sao Paulo state, <120 hp tractors

Moderfrota

National, equipment & capital goods

Program

Description

FINAME PSI

National, equipment & capital goods

6.5%/8.7%(4)

2 yrs

10 yrs

6/30/12

  • (1)

    - 1.0% for credit limit up to R$9,920; 2% for credit limit over R$9,920,

  • (2)

    - 7.5% small farmers; 9.5% medium/large farmers

  • (3)

    - Tractors 6 years; Combines 8 years

  • (4)

    - Increased on 4/1/11 from 5.5% to 6.5% for small/medium farmers (<R$90 million annual revenue), and to 8.7% for large farmers (>R$90 million annual revenue)

32

| Deere & Company

| August 2011

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