Markets · Agribusiness

—The surge. Lenders auctioned 14,219 repossessed farms across Brazil in 2025, about 30% more than the year before.

—The debt. Problem rural loans have more than quadrupled in two years to over R$171 billion ($34 billion), central bank data show.

—The default rate. Delinquency on farm loans has jumped to 19.6%, from just 5.5% two years earlier.

—The squeeze. Low grain prices, very high interest rates, costly inputs and climate shocks have hit farmers all at once.