# Brazil Farmers See Bleak 2027 Outlook as Credit Worries Mount

> A survey of 323 Brazilian farmers across 14 states, conducted after the October presidential election, found 74% expect 2027 to be worse than 2026 and 84% expect higher borrowing costs. Most said they plan no increase in investment, and only 5% were fully optimistic. The pessimism persisted despite a 9% surge in the dollar against the real in the week after the vote.

- Date: 2026-11-03 · published 2026-11-04T00:17:19.499Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/78673-brazil-farmers-see-bleak-2027-outlook-as-credit-worries-mount
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter credit and reduced investment could slow input purchases and farm expansion, affecting future feed-grain and oilseed supply growth. Nearly 80% of farmers said exchange-rate expectations drive their marketing decisions, which may hold back or stagger sales of soybeans and corn.

## Read by commodity

- SOY: neutral
- CORN: neutral
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-06-04 | [Brazil short-term FX rally obscured by reform worries](https://feedsoft.ai/events/46796-brazil-short-term-fx-rally-obscured-by-reform-worries.md) | -0.2% | -0.9% |
| USDBRL | 2020-09-30 | [Mexican peso shines, Brazil's real flat amid fiscal worries](https://feedsoft.ai/events/51323-mexican-peso-shines-brazil-s-real-flat-amid-fiscal-worries.md) | -2.3% | +1.3% |
| USDBRL | 2020-08-20 | [Brazil’s Real Falls as Shock Senate Vote Fuels Fiscal Woes - Bloomberg](https://feedsoft.ai/events/51814-brazil-s-real-falls-as-shock-senate-vote-fuels-fiscal-woes-bloomberg.md) | +1.9% | -4.5% |
| USDBRL | 2023-01-20 | [Brazil's real set for 2% weekly loss on worries over c.bank independence \| Financial Post](https://feedsoft.ai/events/37979-brazil-s-real-set-for-2-weekly-loss-on-worries-over-c-bank-independence.md) | -2.6% | +0.2% |
| USDBRL | 2021-01-21 | [Brazilian real drops as fiscal worries overshadow central bank optimism \| Financial Post](https://feedsoft.ai/events/49385-brazilian-real-drops-as-fiscal-worries-overshadow-central-bank-optimism.md) | +1.5% | +2.0% |
| CORN | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | -2.2% | -7.3% |
| CORN | 2025-04-04 | [‘We just haven’t seen anything like this’: Farmers brace for Trump’s trade war](https://feedsoft.ai/events/25116-we-just-haven-t-seen-anything-like-this-farmers-brace-for-trump-s-trade-war.md) | +3.4% | +2.3% |
| CORN | 2018-06-04 | [Market Outlook Considerations for Week Beginning June 4, 2018](https://feedsoft.ai/events/6747-market-outlook-considerations-for-week-beginning-june-4-2018.md) | -2.0% | -7.4% |

## Sources

- theagribiz.com: https://www.theagribiz.com/international/brazil-farmers-see-bleak-2027-outlook-as-credit-worries-mount/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.