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Bolsonaro signs decree expanding soft financing for farmers

Wednesday, October 2nd 2019 - 08:27 UTC
Full article 5 comments
Measures include the creation of a “fraternal” fund that will provide an estimated 5 billion reais (US$ 1.20 billion) in additional credit for the sector Measures include the creation of a “fraternal” fund that will provide an estimated 5 billion reais (US$ 1.20 billion) in additional credit for the sector

Brazilian President Jair Bolsonaro on Tuesday signed a decree with a variety of measures to expand financing for farmers. The measures include the creation of a “fraternal” fund that will provide an estimated 5 billion reais (US$ 1.20 billion) in additional credit for the sector, according to Rogerio Miranda, the Economy Ministry's deputy secretary for agriculture policy.

The fund will be partially funded by agricultural producers themselves and provides for farmers to band together to seek joint guarantees when renegotiating debts.

Bolsonaro is instituting the measures by what is known as a temporary decree, that must be approved by Congress within 120 days or its effects will expire.

The decree also included measures to equalize interest rates between all players providing loans to the farm sector, which officials said is aimed at promoting competition.

The policy will also subsidize grains companies to expand their storage capacity.

Categories: Agriculture, Politics, Brazil.

Top Comments

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  • :o))

    It's really a pity that even after selling tonnes of agricultural products, the farmers still remain so poor that they desperately NEED Special Financial-Assistance!

    Oct 03rd, 2019 - 11:58 pm 0
  • Terence Hill

    “There is real risk in the spread of information, which can put the lives of girls at risk,” said Brazil's Minister of Women, Family, and Human Rights, Damares Alves, in an opinion article published on October 2.
    The “dangerous information” she is talking about are the recommendations of the World Health Organization (WHO) for a safe abortion, laid out in a September 18 news story by AzMina Magazine.
    To punish those who dare publish the health advice from the most important health organization in the world, Minister Alves has filed a complaint before prosecutors urging them to open a criminal investigation against AzMina.
    Minister Alves claims that the article incites the commission of a crime, conduct punished with up to 6 months in prison under Brazilian law.
    It does no such thing. Abortion is legal in Brazil in cases of rape, when necessary to save a woman's life, or when the fetus suffers from anencephaly–a fatal congenital brain disorder–, and that's exactly what AzMina's story explains.
    https://www.hrw.org/news/2019/10/04/brazils-human-rights-ministers-feigned-concern-women

    Oct 05th, 2019 - 03:43 pm 0
  • :o))

    @Terence Hill

    REF: “Abortion is legal.........................AzMina's story explains”:

    I'm sure that unwanted-pregnancies may be avoided altogether - instead of waiting till an abortion-stage - by Immediate-After-The-Rape-Treatments/Medications; maybe in many cases, if not all.

    Oct 07th, 2019 - 10:23 am 0
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