Análise comparada entre o mercado de crédito agrícola no Brasil e nos Estados Unidos

• Autor(a) principal: Almeida, Luciana Florêncio de
• Data de Publicação: 2012
• Outros Autores: Zylbersztajn, Decio
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Repositório Institucional da UFLA
• Texto Completo: http://revista.dae.ufla.br/index.php/ora/article/view/459; http://repositorio.ufla.br/jspui/handle/1/8933
• topic: Crédito agrícola; Arranjos contratuais; Estratégias; EUA; Rural credit; Contractual arrangements; Strategy; USA

The present study enrolled a comparative and qualitative analysis of the rural credit strategies in Brazil and in the United States of America through the lens of the theoretical frame of the New Institutional Economics combined with the contemporary literature about strategy. The results indicate a variety of hybrid contractual arrangements in both countries due mainly to the agents’ interdependency and environment uncertainty related to the rural credit transaction. The study also highlighted the economic agents´ perception of the market functioning. In Brazil there is a sense of judicial failure due to the weak creditor right’s enforcement. In this situation the Brazilian agents adopt strategies to minimize the risks ex ante, which includes safeguards agreements and severe screening processes. In the USA, thanks to a well developed judicial system associated with an informational system that reduces the asymmetry, the creditors adopt aggressive marketing strategies maintaining a competitive environment in the rural credit market.