Bureaucracy, Access to Official Subsidized Credit and the Parallel Credit System for Agriculture in Morrinhos
Victória Cardoso Carrijo, Luciana Ramos Jordão, Barbara Luiza Rodrigues, Thays Dias Silva, Rebeca Barbosa Moura, Letícia Versiane Arantes Dantas, Igor Gomes de Araújo, Niury Ohan Pereira Magno
State University of Goiás, Law College (Southeast Campus: Morrinhos), Brazil
Agribusiness leads Brazilian midwestern economy, among the three states of the region, Goiás stands out in the cultures of soy, corn and rice. The whole country handles a wide range of pesticides while funding production official credit and inducing production through post green revolution technics. Morrinhos has a great number of farmers who depend on subsidised credit provided by the government through public policies that provide below market interest rates in order to achieve greater involvement in agricultural production. However, inability to meet the required criteria, bureaucratic and time-consuming processes make some producers choose their own means finance production. They finance production through credit offered by companies that have a higher rate than the one offered by the official credit program, but which has a less bureaucratic approach to release the amount. However, most of the time these institutions do not require any kind of social and environmental criteria in order to promote sustainable production, on the contrary, they encourage the use of pesticides and establish contract clauses to enforce the of a specific pesticide as a condition to grant the credit.
Keywords: Agriculture, credit, social justice, sustainable development
Contact Address: Luciana Ramos Jordão, State University of Goiás, Law College (Southeast Campus: Morrinhos), Av. Perimetral Norte, n. 4356, c. 88b, Alto da Boa Vista, 74445500 Goiânia, Brazil, e-mail: luciana.jordaoueg.br