Dreyfus Brazil CEO says tackling deforestation involves compensating farmers

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Dreyfus Brazil CEO says tackling deforestation involves compensating farmers
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Commodities trader Louis Dreyfus Brazil's chief executive said on Tuesday that if society wants to tackle deforestation seriously, mechanisms need to be put in place to compensate farmers for conserving trees.

Murilo Parada told an audience at the World-Agritech South America Summit in Sao Paulo that the development of a carbon market would be key to protect the environment and curb climate change in one of the world's biggest food producers.

He also said having to tell farmers not to cut down trees in certain regions, even though they have the right to, "is a challenge of the private sector." He said the government and the private sector needed to do a better job of promoting the country's sustainable agriculture efforts.

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