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Family farming in Brazil to get $9 billion

Staff Writer |
The Brazilian federal government will make BRL 30 billion worth of credit available to smallholder farmers in 2017 and 2018 at interest rates ranging from 2.5% to 5.5%.

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On announcing the credit, president Michel Temer stressed the relevance of family farming and said no one will stop him from investing in social policies.

"On the one hand we are working on fiscal responsibility, but on the other we are doing active, intense work on social responsibility.

"Thus, I would like to state that we will stay the course. No one will prevent us from rolling out these public policies.”

The announcement was made Wednesday (31) during the 2017-2020 Family Farming Crop Plan launch ceremony.

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