The Federal Government launches a package of help to indebted farmers on Friday which should be between $ 10 billion and $ 12 billion for the new loans used to pay old debts, the Federal Federal Paulo Pimero (PT-T) told Reuters.
A temporary measure with the details of the program and the planned resources must be signed by President Luiz Inacio Lula da Silva later this Friday.
The proposal, which will be presented by the ministers of agriculture, Carlos Fávaro and the agricultural development, Paulo Teixeira, at the opening of the Espo Inter Agricultural Fair, in Rio Grande do Sul, aims to be delayed with agricultural loans due to environmental crises that the country has recorded in recent years.
“To access these resources, it has some criteria. Among these, the city of production must have had at least two emergency situations in the last five years and the manufacturer, to have losses over 30% of the harvest,” explained Pimero.
The proposal was closed during a meeting on Thursday convened by the President who met at the Palazzo Dawn The Finance Ministers, Fernando Haddad; And the civilian house, Rui Costa; In addition to Fávaro, Teixeira and the president of Banco do Brasil, Tarciana Medeiros.
The resources that will be issued by the government will be used for new funding that must be directed to the unloading of the old debt. To allow a greater breath to the producers, the interest will be subsidized. According to Paulo Pimero, they should be 6% on the Praf line for family farmers, 8% in Pronam, a program for medium producers and 10% for major producers.
Loans will still have a period of grace from one to two years and eight years for payment.
The government’s help decision to the producers comes after a sequence of climatic difficulties that included extreme drought throughout the country, in addition to Rio Grande Do Sul. The state, one of the most damaged by three years of drought followed by the historical flood of 2024, will be one of the main beneficiaries of the measures, but extends to the whole country.
The measure should also alleviate the situation of Banco DO Brasil, which has considered the weight to increase the default of rural producers in the result of the second quarter. In mid -August, the executives of the institution, one of the major financiers of the country’s campaign, said that the bank’s performance in the third quarter would still have been pressed by the non -compliance in the agri -food wallet.
Source: Terra
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