Cibra is present at the Bahia Farm Show presenting a partnership with Agrotoken; and the fertilizer Granubor. The company is among the three largest fertilizer suppliers in that state, which is the second largest cotton producer in Brazil.
Through the partnership with Agrotoken, producers will be able to purchase fertilizers using digital currency, “just as they would using a bank slip or bank transfer”, he explains. Raphael Nezzi (in the photo), CFO of Cibra.
The fertilizer company, however, will not keep the digital currency in its wallet. In fact, you will receive from Agrotoken in reais. The accounting of digital currencies by legal entities is still the subject of several discussions. Operations involving them must be reported to the Federal Revenue, monthly, if they exceed certain values (IN RFB 1888/19).
In addition, Cibra promotes the Granubor fertilizer. It recently signed a cooperation contract with U.S Borax, a Rio Tinto company. This partnership made the Bahian company the official distributor of the product in Brazil.
According to company information, Granubor, soluble sodium borate, is an effective way to supply boron to the soil. Its application, whether preventative or corrective, helps maintain the nutritional status of the soil and overcome boron deficiencies in various crops. "A natural product, Granubor is also suitable for use in organic agriculture. Among the benefits of its application are profitability and profitability for rural producers."
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