About crop insurance in Brazil: "....And unlike U.S. farmers, who can manage such risk with crop insurance, Bergamasco says the bank-sold private insurance he has is not worth the paper it is written on. Before planting he paid a premium - about 20% of his expected production cost - to get this insurance. And the most he could get back in a year like this is 70% of his production cost. Even with such catastrophic loss, Bergamasco has decided it’s not worth filing a claim".
About taxes: "...Government fees and taxes are a major complaint of all Brazilians these days – not just farmers. “A 300-hp tractor here would cost $150,000,” says Julio Bravo, one of our guides. “In Paraguay you would buy the same tractor for $80,000. The bad thing about taxes is, we pay, but we don’t see anything in return. Have you seen our roads?”
http://farmfutures.com/blogs.aspx?fcb=20&fcbp=3010&fcbpc=0&s=1/12/2012&e=3/12/2012
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