GFM Network News


JBS scraps reorganization after Brazil veto

Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, Sao Paulo-based JBS

Brazil truck strike grinds into second week, port access cleared

Sao Paulo | Reuters — Truckers staged nearly 100 roadblocks across Brazil’s farm belt on Wednesday as protests stretched into their eighth day, though access to the country’s biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and

Brazil Farmers Return To School To Keep Their Edge

The global commodities boom and tougher competition are pushing more and more Brazilian farmers to take business degrees, even though some of them barely graduated from high school. Firms offering MBAs say they have seen a surge in demand from Brazil s rural areas and they are now offering programs across the vast interior, far

Brazil Brings Farming Muscle To Corn And Cotton

After transforming global agriculture by quintupling their soybean production since 1980, Brazilian farmers are now on the brink of crop breakthroughs in cotton and corn, long dominated by growers in America. Helped by high futures prices and a sustained local agricultural boom, cotton and corn acreage is spreading fast, despite being twice as capital intensive

World’s Biggest Meat Packer Listening To His Mom

Wesley Batista is likely to take a little less heat from his mother from now on. The 40-year-old chief executive of the world’s biggest meat producer, Brazil’s JBS, says his mother is always complaining that the family business was buying too many companies in its zeal to expand. “My mom for years has been saying,