Brazilian Rural Producers Fail to Pay R$3.4 Billion in Debts

PM 897/19 provides the means to increase rural credit. The measure also eases the issuance of agribusiness bonds and enables private financial institutions to offer rural credit with interest equalization.

BRASILIA,  BRAZIL - In order to ease the financing of debts to rural producers in Brazil, a "Provisional Measure" is in progress in the National Congress. The first stage has already been successful, with approval by the Chamber of Deputies. The bill's fate now rests on the Federal Senate.

Called the "Agro Provisional Measure - PM", it was drafted by Deputy Pedro Lupion and will have to be examined by the Senate Plenary by March 10th. "We will discuss it with the president of the Federal Senate, Davi Alcolumbre, and the goal is to make a concentrated effort in Congress so . . .

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