Archive for the ‘Land purchase by foreigners’ Category

Bill changing rules for land acquisition by foreigners still on hold

December 14, 2015

In the face of growing resistance within the government about the issue, a Congress vote to authorize the purchase of land to companies with majority foreign capital, particularly multinationals, is increasingly distant from an outcome and should happen only next year.

Kátia Abreu

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Land purchase by foreigners returns to the agenda

October 16, 2015

After Congress rejected an amendment in August that allowed foreign companies with operations in Brazil to purchase land in the country with fewer legal restrictions than the current ones, the farm caucus has begun to bet on a broader bill, which is already facing big resistance from the government and the ruling Workers’ Party (PT). But the farm representatives have the support of Agriculture Minister Kátia Abreu, who is open to some easing in order to get government support to the proposal. (more…)