RECORDNEWS — broadcast 20260909 110000 UTC 476 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] a season, according to the CPA, some [00:00:02] producers opted for corn in search of diversification [00:00:06] of crops and risk reduction with other [00:00:10] products such as soybeans. According to the research center, [00:00:13] attentive to the possible impacts of El Niño for the next [00:00:16] season, sellers are withdrawn, limiting the [00:00:20] volume of lots for negotiation and international highs have [00:00:24] raised export parity. The result [00:00:27] is pressure on prices with the... a [00:00:30] portion of buyers has chosen to consume the lots [00:00:33] commercialized in advance, instead [00:00:36] of negotiating at higher levels. According to Cepea researchers, [00:00:40] these agents bet that full [00:00:43] warehouses, the need to pay debts, and the weakened [00:00:47] on the stock exchange, you had an excess of pace of exports this season, will make [00:00:51] producers need to sell in the coming [00:00:54] weeks. Soybean prices gained strength [00:00:58] at the beginning of September. Look. [00:01:02] The appreciation of soybeans observed in August gained [00:01:05] strength at the beginning of this month, supported by [00:01:08] uncertainties about the possible impacts of El Niño on [00:01:11] the 2026/27 [00:01:14] crop, by greater Asian demand, [00:01:17] use WhatsApp. Record for North American soybeans and by the intensification of conflicts in the Middle East. [00:01:20] In addition, according to the CPA, Brazilian producers [00:01:24] are waiting for a greater volume of rain to start field activities [00:01:27] in the 2026 season. 27, [00:01:31] a scenario that retracted negotiations, involving [00:01:34] large quantities. For researchers, the rise in the [00:01:37] national market was limited by the decrease in external demand [00:01:41] for Brazilian soybeans. Which is common for this period of [00:01:44] approaching the entry of the North American harvest. Even [00:01:48] so, from January to August, Brazil exported almost [00:01:52] 90 million tons of soybeans in grain, a record for the [00:01:56] period. [00:01:58] Let's see the weather forecast now for this Wednesday throughout [00:02:01] the country. [00:02:07] Wednesday will be marked by the return of instabilities in some areas of [00:02:11] the south-central part of the country, the combination between a low-pressure area in the interior of the continent [00:02:15] and a trough in the atmosphere again favors the formation of heavy clouds, [00:02:19] in addition to the transport of heat and humidity, increasing the risk of storms, [00:02:22] mainly between Paraná, Santa Catarina, Rio Grande do Sul and São [00:02:25] Paulo. In addition to heavy rain, there is a chance of lightning, wind gusts and [00:02:29] high volumes in some places. Attention, Thursday and Friday [00:02:33] should concentrate the highest volumes of rain, the highest risk for storms [00:02:36] between the south and southeast, in the south of the country the weather changes again, the [00:02:40] action of a trough associated with a low-pressure area in the interior of the [00:02:43] continent increases instabilities again, from [00:02:47] early on, the forecast is for showers between Paraná and the north of [00:02:50] Santa Catarina, throughout the afternoon and also at night, these instabilities [00:02:53] advance through more areas of Santa Catarina, in Paraná, there is an alert for storms throughout [00:02:57] the day in the state of Rio Grande do Sul the... is more concentrated in the northwest and in the [00:03:01] northern strip, while the rest of the state has drier [00:03:04] weather, and a new incursion of cold air keeps temperatures lower in some [00:03:08] areas of the state of Rio Grande do Sul. In the southeast, the circulation of humid [00:03:12] winds continues to maintain a lot of cloudiness on the coast and in the east of the [00:03:15] region. In addition, a trough at mid-levels of the atmosphere [00:03:20] October 1st and favors new showers, mainly in the interior of São Paulo and also in [00:03:22] Minas Gerais. The forecast is for rain in the state of São Paulo, Rio de Janeiro, Espírito [00:03:26] Santo, the triangle, south, central, west, east regions of [00:03:30] Minas Gerais with a risk of storms in some areas. The situation requires [00:03:34] attention also on the coast of São Paulo, where there is a chance of high volumes of [00:03:37] rain. And the situation is dangerous. In the areas closest to the [00:03:41] coastal strip and in the south-central part of São Paulo, in addition to the south and some areas [00:03:44] of eastern Minas Gerais, the cold air keeps temperatures a little more pleasant, while [00:03:48] in the interior of Minas Gerais and northern São Paulo, thermometers rise more in the [00:03:51] afternoon. Wednesday already requires attention in some areas, but the [00:03:55] scenario becomes even more worrying in the coming days. Between Thursday and Friday [00:03:59] the pre-storm conditions will increase in much of the south [00:04:02] and also in the southeast, Paraná remains the state with the highest tension, [00:04:06] with a risk of intense rain, hail, wind gusts and storms. [00:04:10] São Paulo also enters an alert on Thursday, especially in the south-central [00:04:13] part of the state, where the condition is dangerous for high accumulated [00:04:16] rainfall. During storms, avoid open areas, do not stay [00:04:20] you don't have access to close to trees and if possible, avoid going out during the [00:04:23] periods of most intense rain. In the Midwest, isolated showers may still occur [00:04:27] during the morning of this Wednesday. Throughout the day, [00:04:30] new areas of instability gain strength between the center, east and north of Mato [00:04:35] access to the Grosso, the eastern half of Mato Grosso do [00:04:38] harvest Sul, the Federal District and [00:04:39] larger fairs tend to south-central Goiás. The showers occur irregularly, but can be [00:04:42] strong accompanied by thunderstorms in some places. And there is an alert for [00:04:45] storms in southeastern Goiás and also in Mato Grosso do Sul, the [00:04:48] northeast, it continues to rain, mainly in the south of Bahia and along the [00:04:52] coastal strip between the Natal region and [00:04:54] today Alagoas, moderately to strong, while inland, the weather [00:04:57] remains drier. And in the northern region of the country, the showers [00:05:01] continue between Amazonas, Pará, northern Tocantins and in [00:05:04] Roraima, with an alert for pre-storms in some places, while in the [00:05:08] other areas, the weather remains drier, heat and sun [00:05:11] predominate. While some areas of the south-central part of the country again register [00:05:15] rain, dry air continues in some areas, mainly in the central [00:05:19] region of Piauí, where the indices can be between 12 and 20% [00:05:23] and reach emergency levels in some places. In Curitiba, the [00:05:26] chances of rain already increase during the morning and especially during the afternoon [00:05:30] and also at night. The showers can occur moderately, strongly, [00:05:34] with storms and high accumulations, with a maximum of 19 [00:05:37] in the afternoon. In São Paulo, the forecast is for rain from [00:05:40] early morning and also in the morning. Throughout the day and also at night, it rains at any [00:05:44] time, there is a risk of heavy rain, storms, high accumulations [00:05:48] and disruptions in some places, the maximum can reach 21 degrees [00:05:52] and in Recife, the instabilities increase during the afternoon [00:05:55] and also at night, where the forecast is for moderate to strong rain with [00:05:59] some clearings and temperatures can reach 27 in the [00:06:03] afternoon, in Porto Alegre, in Florianópolis, a maximum of 20, [00:06:06] 22 degrees this Wednesday. In Vitória, temperatures [00:06:09] can rise to 25, already in Brasilia. [00:06:12] it gets a little warmer with a maximum of 28 and in Palmas in [00:06:16] Cuiabá heat of 35 and 36 degrees in the [00:06:19] afternoon. Sales of agricultural machinery and implements accumulate a drop of [00:07:11] micro and small businesses were responsible for eight out of 10 [00:07:14] jobs generated in Brazil in July, according to CAGED data, [00:07:17] of the total of 58,568 [00:07:21] jobs created in the country in the period, micro and small businesses accounted for [00:07:25] 46,542, [00:07:28] while medium and large businesses accounted for [00:07:30] 9,782 positions. The services [00:07:34] sector presented the largest balance of jobs created by small businesses [00:07:38] in July, with 22,751 [00:07:41] new formal positions: following, construction [00:07:45] appears with 16,899 vacancies and commerce with [00:07:49] 2,489. [00:07:51] Together, the three sectors accounted for [00:07:53] 42,139 [00:07:56] jobs. [00:08:04] The agro that moves the world, has now arrived in the city, [00:08:08] this is GAF, a global meeting of ideas that [00:08:11] shape the... Future of [00:08:13] Agro. [00:08:16] Great brands, experiences that make their mark. [00:08:19] Where decisions happen, where connections scale. [00:08:23] Agro doesn't stop, it evolves and meets [00:08:26] here. Guarantee your [00:09:40] lower than last year. From January to July, the drop was more than [00:09:44] 25%. Now the sector expects a warming in the [00:09:48] coming months, but the annual balance should still be below [00:09:51] 2025. Pedro Estevão, president of the sectoral chamber [00:09:55] of agricultural machinery and implements of [00:10:06] throughout the year, the sales of agricultural machinery and [00:10:10] implements were already. [00:10:12] since last year, since last year, what is [00:10:16] happening, why are sales not reacting, [00:10:19] Look, there are several factors, [00:10:22] but the main ones. I will list [00:10:25] them for you and the viewer, first that the [00:10:29] sector is quite leveraged, that is, in the period [00:10:33] 2019 to 2023, it was that period that we had a pandemic [00:10:37] interest rates fell, the price of commodities eh rose [00:10:40] a lot, people, we increased the planted area by around [00:10:44] 15 million hectares, it's a lot, it's such a [00:10:48] astonishing increase. People got eh leveraged [00:10:51] in that period the problem is... started [00:10:55] in 2025, we had a crop loss due [00:10:58] to drought, a very severe drought throughout Brazil, we had a crop [00:11:02] loss back in 2025 the [00:11:04] price of the main, of the two main commodities, which [00:11:08] is eh soybeans and corn, fell a lot [00:11:12] supply and that price that reached, for example, soybeans [00:11:15] hit $17 a bushel and went back to $10 a bushel, [00:11:18] so you have a very low profitability, [00:11:22] especially until mid-now... we [00:11:25] have very low soybean and corn prices and [00:11:29] these two commodities basically represent [00:11:32] 60% of the agricultural machinery market, so [00:11:36] the profitability of these commodities was very low, [00:11:40] so people not having profitability, having crop loss [00:11:43] having debts to pay, he he will hold back [00:11:46] investment, another detail is that the interest rate for [00:11:50] costing is quite expensive, [00:11:53] the resource that the government... puts for investment for [00:11:57] costing is around 170 [00:12:00] billion, despite the crop plan being 530, we are now more [00:12:04] or less subsidized 170 billion for costing, so you have [00:12:08] a large portion of farmers who will need to go to [00:12:11] the market and pay a very high interest rate, so he won't go to the market, he prefers [00:12:15] to use his own resources and do the costing and [00:12:19] then certainly less money is left for investment [00:12:22] eh and we [00:12:25] have now El Niño right, which is actually an [00:12:29] imponderable, we don't know exactly what will happen and this [00:12:33] ends up, let's say, scaring away investments, because if the farmer doesn't know [00:12:37] exactly what will happen, he has a lot of fear [00:12:39] of crop loss and not being able to [00:12:43] pay his bills, so it also makes [00:12:46] you have, let's say, a very great fear of the [00:12:50] farmer making investments, so [00:12:52] a these things that I told you are [00:12:56] a leveraged sector, low profitability, crop [00:12:59] loss, high interest rates, eh made [00:13:02] this year, especially this year, very bad for the agricultural machinery market, [00:13:06] let's talk a little more about all these points, right, between January [00:13:10] and July of this year, sales totaled 26 [00:13:14] billion and 200 million reais, [00:13:18] 25.8% less than in the same period [00:13:21] last year, you said right from the pandemic era. that [00:13:25] investment was higher, so we perceive a [00:13:29] a a ups and downs, a roller coaster, right, some years [00:13:33] ago the producer was one of the only, one of the only sectors [00:13:36] of the economy that worked much more, right, [00:13:40] it was during the pandemic, it was agribusiness, then we realize [00:13:43] that at that time the producer invested a lot and is still paying [00:13:47] that bill because we know that a machine like this costs [00:13:50] a lot, right, so the producer took advantage of the [00:13:54] high prices of that period, took advantage of the expansion [00:13:57] of area of that period, made an investment and this bill is still [00:14:01] arriving? [00:14:04] certainly yes, investments [00:14:07] usually farmers characterize farmers [00:14:10] buying to make financing of investments, these [00:14:14] investments are more or less from 10 to 5 years, so [00:14:18] let's say an average of 7 years, so you have a lot of [00:14:21] bills to pay, then you have low profitability, you... [00:14:25] very little money is left for you to have resources to make new [00:14:28] investments, so really the agricultural sector has a lot of these ups and [00:14:32] downs, and these ups and downs are due to the price of [00:14:36] commodities, notice that I said that in a [00:14:39] good time the price of soybeans in the Chicago stock exchange was $17 a [00:14:43] bushel, which is 27 kg and it [00:14:46] dropped to 10 now 4 months ago, that is, a very big difference from [00:14:50] seven to 10 from 17 to 10, so it [00:14:54] depressed profitability a lot and behind soybeans comes corn, comes [00:14:57] wheat, come other commodities, other grains that [00:15:01] make the price fall a lot, so then we always have this [00:15:04] discrepancy between profitability [00:15:07] and and and the prices of commodities, this makes [00:15:11] sales really rise and fall at a very high [00:15:14] speed, to give you an idea, in the period [00:15:18] 21,22, the sector invoiced 98 [00:15:21] billion and now we are talking about invoicing 53 billion. It's a [00:15:25] very big difference, ah, is this normal in the agricultural [00:15:28] sector? Yes, let's say that [00:15:31] basically, it has always been like this, that is, when the price of the commodity falls [00:15:35] people stop buying. When the price, profitability is high, [00:15:39] people buy, it has always been like this, this magnitude [00:15:42] of this fall, ah, it's a little bigger than the [00:15:46] other events that happened in the past, precisely because [00:15:50] of the accumulation of eh negative factors, which were the drought, the [00:15:53] high interest rates eh made it so that [00:15:57] let's say it potentiated this this low [00:16:01] eh yield of crops, low profitability, [00:16:05] when we talk about another point that [00:16:08] you mentioned... the issue of high interest rates, of the crop plan, [00:16:12] explain how it works, because we always report here year after year, [00:16:15] right, that some millions of reais were released [00:16:19] for investment, for small, medium, large [00:16:22] farmers, family farming, how does it work eh for [00:16:26] the farmer to have access to this credit to invest in machinery, [00:16:30] because there are some plans including that are specific [00:16:33] for the purchase of machinery, for the purchase of tractors, agricultural machinery. [00:16:38] Yes, the crop plan has many lines of [00:16:41] of of investments and you we sometimes get confused, you have the [00:16:45] costing part and the investment part, the investment [00:16:48] part, the interest rates are not so expensive, today you have [00:16:51] the Pronaf line, which is for [00:16:54] small farmers, which is 5%, it's quite a reasonable [00:16:57] interest rate, quite, I would even say it's quite attractive, an interest rate [00:17:01] of 5%. but this is for very small farmers who are called [00:17:05] Pronafianos, then... [00:17:07] you have the line, for example, today there is [00:17:10] MRO, which is a line that the government recently [00:17:14] introduced, about 30 days ago, which costs [00:17:17] 9%, so it's also reasonable, then [00:17:20] you have the traditional lines, which are for farmers, but large farmers, which is the [00:17:24] fleet model, which is 12.5%, you have a [00:17:28] financing line for medium farmers, which is Pronamp, which is [00:17:32] 11.5%, and besides that you have FCO and FNE, which [00:17:35] are the lines for the Center-West and for the North, [00:17:39] Northeast, so let's say, the volume of resources [00:17:42] you have for investments is even reasonable, if you add everything I told you, [00:17:46] it's around 22 billion available [00:17:50] for farmers to buy, for sales of [00:17:53] 50-something billion, we have basically 60% of our sales [00:17:57] would be covered by interest or resources that are [00:18:00] reasonably cheap, right, what is really [00:18:04] expensive today is the, let's say... [00:18:07] the costing, as I said, what I told you, only [00:18:11] 170 billion is a subsidized resource, [00:18:14] the bulk of the costing is done by CPR, CPR [00:18:18] will cost Selic plus one, Selic plus 3, Selic plus 4, depending on the [00:18:22] farmer's payment capacity, which is not such a cheap resource, [00:18:26] so you have these differences in the crop plan, but I insist [00:18:29] again, for investment you even have [00:18:33] quite a lot of resources with a reasonable [00:18:36] interest rate, what is really lacking is the farmer's appetite [00:18:39] to buy due to these variables that we have been talking about [00:18:43] throughout the interview and it is interesting because agricultural [00:18:47] fairs are important [00:18:50] thermometers that guide this [00:18:53] purchase and sale relationship, right? For example, Expointer ended last [00:18:57] weekend, the balance of Expointer, which is the biggest agricultural fair [00:19:01] in, right, in Brazil, which happens in Rio Grande do Sul, [00:19:04] purchase intentions compared to last [00:19:08] year's edition, about 25%, meaning, [00:19:11] we had already been seeing this at Agrishow, we saw it at other [00:19:14] fairs, now Expointer, which I think is the last big fair of the annual [00:19:18] calendar, right, this market is eh is challenging, [00:19:22] reflecting Expointer reflecting this trend of [00:19:26] retraction in investments, [00:19:29] so the fair, the trend of fairs is to reflect what is happening [00:19:33] in the market, you see that at Agrishow we [00:19:36] reported a... 22% drop, the [00:19:39] accumulated from January to July is 22%, that is, the fair [00:19:43] reflects a lot of what happens, especially the big [00:19:46] fairs, if you take a regional fair, it may be that in that [00:19:49] specifically for that region, for that crop the market is [00:19:53] different, right, so you have some crops that are doing well, for example, [00:19:56] eh, you take machines for [00:20:00] livestock, it's reasonable, it's not a bad market like soybeans [00:20:04] and corn, eh, machines for coffee are very... good, that is, if you [00:20:08] have a specific fair for coffee, eh, it will [00:20:11] not report such a bad result, but the [00:20:16] reflect what happens in the market, you hardly [00:20:20] have a result at the fair that is very different from what is [00:20:23] happening in the market, so this number from [00:20:27] Expointer reflects exactly what is happening in the market, there is nothing [00:20:31] different, there was nothing different at the fair that would cause [00:20:35] sales to increase, it reflects exactly. what is happening [00:20:39] eh it is worth [00:20:40] noting [00:20:43] to the public that we recently, about [00:20:47] 20 days ago, the price of soybeans and corn increased [00:20:50] a lot on the Chicago stock exchange due [00:20:53] to climate problems in the United [00:20:56] States, so let's say, the price increased a little, this [00:21:00] made the farmer a little more optimistic, but this [00:21:04] optimism will only be reflected next year, that is, [00:21:07] when he really has a good harvest, when El [00:21:11] Niño does not harm him much in February, May of next year, when he [00:21:14] harvests, he will do the math, there will be money left, the price is [00:21:18] better because it has increased, basically 15% the price of [00:21:21] commodities, so he will have a slightly better profitability, [00:21:25] but this will only be reflected next year, this [00:21:28] year, even this increase that happened now in the last [00:21:31] 15 days still probably [00:21:34] won't reflect this year, so we continue with the [00:21:37] same forecast to close the year with -20 [00:21:41] which even so will be a challenge, -22 to reach -20 [00:21:44] would mean that from now on sales would have to be a little better than [00:21:48] they have been so far. up to our statistics up to [00:21:52] July, we think it's difficult for that to happen, [00:21:55] we're at -22, [00:21:58] aiming for -20 we think it will be difficult, it's because it's interesting [00:22:01] for us to reinforce, right, when you say that these numbers or this [00:22:05] profitability will only be reflected next year, because when we talk about agriculture we talk about a [00:22:09] long cycle, right, when we talk about crop year we don't talk about the year from January [00:22:12] to December, so the farmer is planting now or is [00:22:16] preparing the soil or is, even if he is finalizing the harvest, in the case of the... [00:22:20] second harvest, but this sale has either already been made and [00:22:23] is already committed or is negotiating for next year, will only receive next [00:22:27] year, so it's important for us to also say this to those who [00:22:31] follow us and sometimes are not so familiar with this [00:22:34] calendar, but then another point that you eh reinforced [00:22:38] also that impacts this retraction of investment is El [00:22:42] Niño, we have been talking about an intense El Niño this year worldwide [00:22:45] and you have already talked about North American production [00:22:48] and this climatic insecurity [00:22:52] directly affects the investment that the [00:22:54] farmer makes in this machinery, so that means, [00:22:58] the reflection of El Niño or the impact of El Niño in the Northern [00:23:01] Hemisphere will also interfere with what the Brazilian farmer will [00:23:05] invest, [00:23:08] oh certainly right, you the [00:23:12] media is giving intense coverage to El [00:23:16] Niño, right, considered the biggest El Niño since 1870. [00:23:20] We don't know what will happen, this brings a lot of insecurity to the farmer, right? [00:23:23] We know that here in Brazil you have an excess of rain and drought in the [00:23:27] Northeast, Midwest, in the Midwest the climate becomes [00:23:31] irregular, right, but as let's say, it's being [00:23:34] said that it's a very strong El Niño and look from [00:23:38] 1870, from 1870 to [00:23:41] now, back then it was a disaster, [00:23:44] right, you didn't have as much resources as you have today, they talk about [00:23:48] 40 million people, right? So it really was a very [00:23:52] serious phenomenon. the farmer is very [00:23:55] fearful of making any investment with something that he doesn't [00:23:59] have any control over, right? It's completely imponderable, totally imponderable what's [00:24:03] going to happen with it, this really greatly retracts investments, [00:24:06] and for the next few months, [00:24:10] Pedro, what can we expect? Maybe [00:24:13] a slight recovery, some data talks about a slight recovery, and I also wanted [00:24:17] you to tell me a little bit, just to finish, about the import of machines, because [00:24:21] we also see in the fields today [00:24:25] machinery that comes from outside [00:24:28] the country, other brands that are not the traditional ones, right? How is [00:24:32] the sector seeing this [00:24:35] issue? Well, imports have increased, especially from China, right? [00:24:38] China started investing here in Brazil, direct [00:24:42] imports, just to give you an idea, in [00:24:46] four years, it increased from 40 million dollars to [00:24:50] 13 million dollars, and this [00:24:52] year, despite sales falling, China is increasing sales by 27% [00:24:56] here in Brazil, so China has become a very strong player [00:25:00] here in Brazil. [00:25:02] They [00:25:05] China still has a problem that it brings a lot of imported things and [00:25:10] the harvest plan, right? Because to access the harvest plan, you have [00:25:13] to have local content, China when it brings [00:25:17] it directly doesn't have it, so much so that people are talking a lot about bringing industry [00:25:21] here, then yes, they would have local content and would have [00:25:28] plan. What happens is that in recent [00:25:31] years, the so-called Pix amendment has increased a lot, which are, [00:25:35] let's say, those purchases, that money that a deputy sends [00:25:39] to his base and many [00:25:42] municipalities buy agricultural machinery, the government itself buys agricultural machinery [00:25:45] and then you, by the current [00:25:48] law, you are not obliged to have [00:25:52] local content, so purchases are basically [00:25:55] price and then the Chinese end up winning because they [00:25:59] have a very high competitiveness for products in China. [00:26:03] It's about 40% cheaper than ours, so China [00:26:06] has really entered the market, it's not yet, [00:26:10] let's say, among the big producers, because it doesn't [00:26:14] have a product that has [00:26:16] adapted quality for our [00:26:19] market, the big farmer needs [00:26:23] to have after-sales, you don't have enough resale yet from [00:26:26] China, so, let's say, it's a player that's [00:26:30] entering, it's not yet... it's not that [00:26:34] big, but it scares with its speed, right? Because [00:26:38] if it jumped from 40, I think this year it will go to 240, so it's [00:26:42] at 240 million dollars, right? It's really entering very [00:26:45] quickly the Brazilian [00:26:48] market, they made factories here in Brazil, the Brazilian [00:26:52] market is open, right? So much so that we have [00:26:55] European, Indian, [00:26:59] Korean companies here in Brazil manufacturing agricultural machines. The [00:27:02] Chinese is just another [00:27:33] with Márcio [00:27:33] Cogut. [00:27:41] Hello, welcome to another Founder to [00:27:44] Founder here on the Innovation and Business program on Record News, on the [00:27:48] R7 portal and on all digital platforms. I'm Márcio Cogut [00:27:51] and in today's program I receive Carlos [00:27:55] Mazei, businessman and president of the National [00:27:58] Association of Inventors. Carlos has been working for more than... [00:28:32] founders and entrepreneurs through creations, [00:28:36] right, of trademark and patent registration, in [00:28:40] fact, Márcio, I say that I have been working with startups for more than 40 [00:28:43] years before the word was invented, exactly, because in fact, in the beginning [00:28:47] there were inventions, right, there were inventors, right, they weren't entrepreneurs, [00:28:50] right, today we talk a lot about entrepreneurs, but years ago [00:28:53] there were inventors, it was a person who invented a [00:28:57] business, a startup or even a product, [00:29:00] right? In fact, you think [00:29:02] that, well, it had several names, it had [00:29:05] creators, inventors, developers, [00:29:09] but startup came from how long ago? 15 years ago, 15 years, 15 [00:29:13] years ago the word was imported from the United States, I remember [00:29:17] because at the time, in 2000, when I started working on the internet, I participated in a [00:29:21] competition here with my brother called e-cobra, which was the [00:29:24] e-commerce competition, and there they were, they [00:29:27] elected, they chose the best [00:29:30] business plans, look, so they didn't even talk about it. They said it was [00:29:33] the best business model and business plan after the year [00:29:37] 2000, when the term startup came out, I heard that you are also [00:29:41] an inventor, right? You invented something, registered a patent that I [00:29:44] remember, I registered a patent, I didn't have much luck back then [00:29:47] because it was very different from what it is today, but here it's cool because [00:29:51] you're going to tell this story, Carlos, before we start, I made a [00:29:55] brief presentation of you here, I wanted you to tell us a little bit about who Carlos [00:29:59] Mazei is and a little bit about your experience, your [00:30:02] trajectory as an entrepreneur, as a [00:30:06] visionary who gave so many opportunities to inventors [00:30:10] for more than 40 years. Well, I'm going to tell things I've never told [00:30:13] before, that's cool, to no one, no TV station, that's [00:30:17] cool, I've been on Jo Soares' show five times, I've given several [00:30:21] interviews, but I've never told this one. [00:30:24] One time I was, I'll summarize, okay, because the story is long, I was in New [00:30:28] York, I took the wrong subway and [00:30:31] ended up at an invention fair, look at that, [00:30:34] then I said, "Man, this is crazy, an invention fair," [00:30:38] I had never heard of it, when I entered this invention fair in New [00:30:41] York, in that Jacobs Convention Center pavilion, [00:30:45] that big one in Manhattan, [00:30:47] I found myself in a world completely apart, which drove me [00:30:51] crazy, I said, "The guy invents something..."