BRAZIL LAUNCHES BRL 12 BILLION CREDIT LINE TO RELIEVE RURAL DEBTS

The Brazilian government is launching a R$ 10-12 billion refinancing package for farmers struggling with debt and climate losses. Announced by Congressman Paulo Pimenta, the measure offers subsidized loans at 6-10% interest: 6% in Pronaf (family farmers), 8% in Pronampe (medium) and 10% for large producers, with a two-year grace period and eight years to pay. President Lula will sign the measure during the Expointer fair in Rio Grande do Sul. To qualify, farmers must prove crop losses exceeding 30% and at least two climate emergencies in the last five years.
Source: Reuters / Notícias Agrícolas (*Translated by Ia Niani)