Brazil increases government loans for agriculture by 8% for the period 2021-2022

Of the total loans announced , R$40 billion (US$8 billion) will go to the family farming sector, which collectively is responsible for about 70 % of the food consumed in the country.

RIO DE JANEIRO, BRAZIL - The Brazilian government announced Tuesday, June 22, that it will provide R$250 billion (about US$50 billion) in public loans for agriculture between 2021 and 2022, an 8% increase over the previous period.

"We feed 1 billion people in the world," President Jair Bolsonaro said in announcing the loans, alluding to Brazil's status as a major exporter of agricultural products.

"It is wrong to say that we have burned the Amazon. That is a lie and serves mainly to limit our potential," he said, alluding to his theory that criticism of his aggressive environmental . . .

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