Iranian Agro Outsourcing Program Advances in Brazil

A Brazilian bank has announced that it will provide Iranians with 80% of the resources needed to fund Iran’s agricultural outsourcing in the Latin American country, says the head of Iran-Brazil Chamber of Commerce, without naming the bank.
Fakhreddin Amerian added that Brazil has offered Iran 1 million hectares for agricultural purposes, ILNA.
“Southern Brazil is suitable for the cultivation of wheat and rice. The Agriculture Ministry has guaranteed the purchase of crops produced in Brazil as part of the government’s agricultural outsourcing program,” he said.
Agricultural outsourcing involves the practice of purchasing, renting or leasing by one country of arable land for the cultivation of agricultural products in another country. These products are later imported into the active country, or alternatively exported to other destinations by the same country. This process ensures food security and boosts agricultural production.