Brazilian Agribusiness Faces Growing Losses From Climate Change - 10/11/2026 - Business - Folha de S.Paulo

Losses caused by extreme weather events in Brazil rose 67.4% in the first half of 2026 compared with the same period in 2025, increasing from R$31 billion ($5,5 billion) to R$51.9 billion ($9 billion). The number of events rose from 10 to 24.

The figures are included in the "Climate Events and Insurance Radar in Brazil," published by CNseg (National Confederation of Insurers) at the opening of COP31 in Antalya, Turkey. The total includes all sectors, including industry, retail and services.

"Losses in the first half of this year exceed those recorded throughout last year, when they totaled around R$46 billion ($8,2 billion). Over 18 months, from January 2025 to June 2026, losses amounted to approximately R$98 billion ($17,5 billion)," says the organization's president, Dyogo Henrique de Oliveira.

At the same time, insurance coverage is shrinking: the share of cultivated land covered by insurance fell from around 16% in 2021–2022 to 3.3% last year.