Japanese car manufacturer Toyota is accepting soyabeans or corn as payment for vehicles in Brazil, the company announced on 4 August.
Initially a pilot project in 2019, the Toyota barter programme allowed farmers to bring their crops to the car manufacturer. After a check by a third-party, NovaAgri, to make sure the crops had been farmed sustainably, a new car would be provided, the company said.
Choices of car were limited to three vehicles: the classic Hilux, the new Corolla Cross and the SW4, a small SUV not available in the USA.
Toyota did not specify the quantity of soyabeans or corn that would be needed to purchase a vehicle but said it would “[consider] the market value of the bags.”
The company said it was currently operating the programme in a limited number of Brazilian states but was looking into expanding it in the future.