Barter sales of farm equipment in Brazil rose 15 this summer as sales of tractors and harvesters were hit by a credit squeeze. — 123rf.com
Far from being relegated to the dustbin of history, barter trade is alive and well, especially in Brazil’s farms where credit squeeze and a volatile currency have led to farmers trading crops for fertiliser and equipment.
ACROSS Brazil’s farm belt, barter trade is making a comeback as tightening credit, falling crop prices and a volatile currency open a multi-billion dollar business to merchants and tractor-makers.
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