Brazil Has US$ 42 Million for Farmers Growing Crops for Biodiesel

Over 50 thousand family farmers and their families will be able to make more money by growing crops intended for use in biodiesel production.

According to the coordinator of the Ministry of Agrarian Development’s Biodiesel Program, Arnoldo de Campos, 17 thousand families are currently planting dendê palms, sunflowers, castor-oil plants, and soybeans for biodiesel production.


According to Campos, the National Family Farming Program (Pronaf) has US$ 41.9 million (100 million reais) to distribute in loans to these producers.


“Farmers will have access to a new line of credit to begin cultivating oil-seed crops, without interfering with the crops they already cultivate, such as corn, rice, or beans. The new loan will not prejudice the resources they have already requested for their traditional crops. It is an additional line of credit.”


Brazil’s investment in biodiesel production is expected to reach US$ 515 million in 2008, when production of this fuel is expected to amount to around 800 million liters.


The figure should grow to US$ 1.5 billion in 2013, when domestic production will be 2 billion liters.


This estimate was given by the deputy head of Analysis and Accompaniment of Government Policies of the Presidential Civilian Advisory Office, José Honório Accarini, who participated in the seminar, “Biodiesel – Strategies for Production and Use in Brazil,” earlier this year, in São Paulo.


Accarini points out that everybody can gain from biodiesel. “The businessman and the family farmer can make money, and poor regions can get jobs and energy in remote communities,” he said.


ABr

Tags:

Ads

You May Also Like

Brazil Gets Record Surplus and Stocks

Brazilian stocks reached record levels, despite the thin volume characteristic of the period between ...

Despite Increase in Sales Brazil Embraer’s Revenues Fall in Second Quarter

Brazilian aircraft maker Embraer,  the world's leading manufacturer of commercial jets with up to ...

Bribe Scheme Might Derail Brazil’s Soccer Season

The edition of Brazilian weekly magazine, which is out today, brings serious charges about ...

From Cabaret to Syllables

The partnership between Caetano and Gil is one of the most fertile and lasting ...

Brazil’s Lula Praised in Paris for Remaining True to His Roots

At his meeting, yesterday, June 13, with the Socialist mayor of Paris, Bertrand Delanoe, ...

Brazil New-Found Oil Will Fund Education and Anti-Poverty Programs

The president of Brazil, Luiz Inácio Lula da Silva, announced today, August 31st, a ...

In Brazil Two Market Record Days Are Followed by Dive

Latin America gave up some of the impressive gains collected yesterday when Brazil and ...

Fasten Your Seat Belts

Brazil is the 6th largest film market in the world. Still, to be a ...

Pope Benedict XVI goes to Brazil

Brazil Hoping Pope’s Visit Will Turn Into a US$ 30 Million Blessing

Pope Benedict XVI coming visit to Brazil from May 9 to 13 is expected ...

Brazil’s BioBrasil Wishes to Become World Reference in Organics

Cereal and organic bar maker Renk's Industrial, headquartered in São Paulo, in the Southeast ...