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Senior Contributor

Victory for farmers in Brazilian election

Some might remember that I told in a story (http://www.agriculture.com/crops/soybeans/brazil-farmers-wry-about-presidential_140-ar44997) that farmers were very worried about the potential win of Marina Silva, an environmentalist candidate, at the Brazilian presidential election. A lot of things happened pretty fast last week and the prefered candidate of farmers and the markets, Aécio Neves, got 30.31% of the vote and now will dispute the run-off with current president Dilma Roussef. Roussef was voted by 37.5% of Brazilians. 

 

Aécio Neves is the most pro-business candidate among the top contenders, while Roussef focuses on disbutisvism and subsidies. So I can say that a lot of the environmental regulations that farmers feared won't happen anytime soon.

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