Abstract This article analyses the determining factors affecting the land market in Brazil in an international context where the availability of natural resources, essential to satisfy the population worldwide, is again heading the agenda. This scenario provoked a rapid expansion of agribusiness and enhanced international participation based on the relative abundance of natural resources. The first part of this article presents the spatial dynamics surrounding the production of commodities and gives evidence of the sharp increase in land price in Brazil. The second part attempts to understand the factors that affect price dynamics and subsequent effects over capital allocation in the sector, addressing the impact of the recent boom of commodities and rising interest by foreign actors in Brazilian land. The conclusion elaborates on the possible land pricing developments and political unfolding.

O objetivo deste artigo é apresentar a performance da execução orçamentária do financiamento da política territorial, tomando-se como base o Programa de Desenvolvimento Sustentável dos Territórios Rurais (Pronat) e o Programa Territórios da Cidadania (PTC). Para tal exame foram entrevistados atores estratégicos destes programas e sistematizados os dados relacionados ao desempenho da política até 2009, analisando-se a composição dos recursos que viabilizam a mesma e as questões que facultam ou obstaculizam o fluxo de recursos necessários ao financiamento de despesas de custeio e investimento nas diferentes subfunções que compõem os programas. Os resultados deste trabalho mostram a complexidade e, ao mesmo tempo, as inovações que o arranjo institucional das políticas em escala territorial traz para a cena orçamentária, seja no que tange ao levantamento e lastreamento de fontes dos recursos alocados, seja no que se refere à forma de aplicação desses recursos segundo áreas geográficas e linhas programáticas de ação.

The aim of this paper is to present the budget execution performance of the financing of territorial policy referring to the Sustainable Development Program of Rural Areas (Pronat) and Territories of Citizenship Program (PTC). To perform this study actors' strategic programs were interviewed and data on the performance of politics until 2009 were systematized. We analyzed the composition of resources that allow it, as well as issues that will enable or hinder the flow of resources required to finance operating expenses and investment in different subfunctions that compose programs. Results of this study show the complexity and, at the same time, innovations that institutional policies at territorial level budget brings to the scene, whether regarding lifting and ballasting sources of allocated resources, whether regarding the form of application of these resources according to geographical areas and lines of programmatic action.

A recente "corrida mundial por terras" transformou a América Latina, em geral, e o Brasil, em particular, em alvos preferenciais para negócios com aumento considerável de investimentos estrangeiros no setor agropecuário, inclusive na compra de terras, com a participação de empresas do setor financeiro. Mesmo sendo um mercado de baixa liquidez, negócios com terras não são novidade no Brasil, mas têm aumentado consideravelmente após 2002, sendo, inclusive, possível perceber esse processo no sistema de cadastro do Instituto Nacionalde Colonização e Reforma Agrária (Incra). De acordo com pesquisas de campo, a maioria dos investimentos recentes está relacionada à produção de grãos (principalmente soja) e de cana-de-açúcar (produção de açúcar e etanol), mas tambémà mineração, resultando em aumento dos preços da terra, entre outras consequências em algumas regiões do Brasil. Essa "corrida por terra" levou o governo federal a restabelecer um mecanismo legal para "controlar" esses investimentos estrangeiros em terra. O presente artigo discute esse processo recente de investimentos na compra de terras no Brasil, investigando causas para tais investimentos e suas principais consequências, incluindo possíveis influências sobre os preços da terra e impactos sociais e políticos nas históricas disputas pelo acesso à terra no Brasil.

The recent "rush for farmland" in the world has made of Latin America and Brazil targets in the process of land deals with a great increase of foreign investments on the agribusiness including land purchases by financial companies, among others. Despite the low liquidity, land deals and foreign investments in agribusiness are not new in Brazil, but have increased considerably after 2002, as it is possible to be seenin the registration system of the National Institute for Colonization and Agrarian Reform. According to some field researches, most of the recent investments are related to production of grains (especially soybean) and sugarcane (to produce sugar and ethanol), but also for mining,resulting, among other consequences, in a great increase of land prices in some Brazilian regions.Such rush for land has led the Brazilian government to reestablish a legal mechanism to "control" these foreign investments in land deals. This article discussesthe recent process of foreign investments in purchasing land in Brazil, focusing inmain causes for such investments and its consequences, including possible influences on land prices and social and political impacts over disputes to access land in Brazil.

This article analyzes the implementation of two policies for territorial development of the Brazilian countryside in the first decade of the 21st century: the Program for the SustainableDevelopment of Rural Territories (Pronat) and the Program for Territories of Citizenship (PTC). Examining the new institutional arrangements, the programs' socialmanagement and governance structures, and the protagonist role of the various stakeholders, the article concludes that to a certain extent the programs represent a unique strategy for political action and development in the respective geographic areas.However, they still face enormous challenges for effective consolidation of their results.

Dans cet article, on examine lamise en place de deux politiques orientées vers le développement du territoire en milieu rural au Brésil dans les années 2000: le Programme de Développement Durable des Territoires Ruraux (Pronat) et le Programme Territoires de la Citoyenneté (PTC). D'après l'examen des nouvelles pratiques institutionnelles en cours, de la gestion sociale des programmes et de leurs structures de gouvernance, ainsi que du rôle des acteurs engagés, on conclut que ces derniers ont suivi, d'une certaine façon, une stratégie singulière d'action politique pour le développement des régions concernées, malgré les immenses enjeux à venir, afin d'aboutir à des résultats vraiment solides.