After Cuts Brazil’s Agrarian Reform Gets More Money

Brazil’s Ministry of Agrarian Development (MDA) will receive another US$ 154 million (400 million reais) to carry out agrarian reform. The executive secretary of the Ministry, Guilherme Cassel, affirms that the recomposition of the budget will allow another 35 thousand families to be settled by September of this year.

“With the additional funds allocated by the government, we will be able to settle a total of around 80 thousand families,” the secretary declared.


According to Cassel, more money will be made available in the second half of the year for agrarian reform. The Ministry’s goal is to settle 115 thousand families in 2005 and 400 thousand by the end of Lula’s mandate.


In February the government announced that some federal expenditures would be placed on a contingency basis, and the budget of the MDA was cut from US$ 1.4 billion (3.7 billion reais) to US$ 1 billion (2.7 billion reais).


The decision to allot more resources to the Ministry was made after meetings held this week between the Minister of Agrarian Development, Miguel Rossetto, President Luiz Inácio Lula da Silva, and the government’s economic team.


At these meetings they also discussed restructuring loans to settlers. The periods should be longer, and there will be two more types of production credit.


“In the second half of the year we plan to introduce a new form of production credit, with a guaranteed market for what is produced, subsidized interest rates, and longer payment periods.”


Agência Brasil

Tags:

You May Also Like

India Chooses Brazil as Theme at Trade Fair

Brazil is the country-theme of this year’s India International Trade Fair (IITF 2004), which ...

Foreign Investors Bring Brazilian Shares to Record High

Latin American stocks put in a very positive performance today, as Brazil, Mexico and ...

Tired of Secrecy Brazilian Justice Demands Data on Boeing Crash in 48 Hours

The Brazilian Justice seems to have had enough with all the secrecy involving the ...

Mr. Amaral, the Military Regime You So Much Admire Shouldn’t Be Allowed to Rule Over Brazil

This piece is a rebuttal to an article written by Ricardo C. Amaral   titled ...

Community of Nations, a Brazilian Dream of Riches

Recently the presidents of South American nations launched a proposal to form a “Community ...

Despite US Surtax Brazil Should Increase Shrimp Exports

Brazil should export about 105,000 tons of shrimps this year, due to the void ...

You Will Be Hearing a Lot About Brazil’s MST and Their Marches and Invasions

No one knows if President Luiz Inácio Lula da Silva, reelected on October 29th, ...

Rio’s Killing Floods a Once-in-5-Centuries Event, Say Brazilian Experts

Brazil’s rains of January 12, followed by flooding and mudslides that killed over 900 ...

Brazil Is Serious About Fighting Racism, Says OAS

The president of the Inter-American Human Rights Commission of the Organization of American States ...

Port of Santos, in São Paulo, Brazil

Brazilian Trade Surplus in 2007 Grows to US$ 1.7 Billion

Brazilian exports generated US$ 2.795 billion last week, with growth of 7.21% over the ...