LatinNews Daily - 08 September 2025

*Brazil’s President Luiz Inácio Lula da Silva has signed an executive decree (‘medida provisória’, MP) to renegotiate debts for farmers under special conditions. The MP has allocated R$12bn (US$2.2bn) to support up to 100,000 farmers. This will mainly be used to support small and medium-sized rural producers which have been impacted by unfavourable climate conditions and weather events, such as severe droughts and floods in recent years. For farmers to be eligible for the debt renegotiation initiative, they will need to provide evidence of reduced yield in the past five years and must be based in municipalities that had decreed at least two states of calamity during this period. Lula has clarified that the MP is not going to erase farmers’ debts, as it has set a deadline of up to nine years for debts to be repaid.  

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