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Bunge, Santander Brasil and TNC to Offer Soy Farmers Long-Term Loans to Expand Production without Clearing Native Habitat in the Brazilian Cerrado

Aug 29, 2018 - PR Newswire

Today Bunge S.A., a subsidiary of Bunge Limited (NYSE:BG) ("Bunge"), Banco Santander Brasil S.A. (B3: SANB11) ("Santander Brasil") and The Nature Conservancy ("TNC") announced they have jointly developed a first-of-its-kind financing mechanism for soy farmers in the Brazilian Cerrado.

The program is designed to promote agricultural production without further deforestation or conversion of native vegetation, by providing long-term loans to farmers willing to commit to this approach. Most of...