Brazil

Rousseff announces increase in Agriculture credit line


Published

President Dilma Rousseff has announced a 14.7% increase in the agriculture credit line to $70.5 billion for the forthcoming year.

MercoPress reports that $50.6 billion will be available for financing operating costs and $19.9 billion for investment programmes. The President said that the funding, which is allocated through the 2014-2105 Sugarcane Harvest Plan, may be insufficient and that more would be made available if necessary.

Agriculture Minister Neri Geller said that interest on loans for farming and stock raising would remain at 6.5%.

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