ANNOUNCED AS TEMPORARYYes
The 2017/2018 Agricultural and Livestock Plan of Brazil launched by the government on June 7, 2017, also includes a decrease in the budget allocated to the Agricultural Carbon Reduction Program (i.e. ABC by its acronym in Portuguese). The new budget was set at USD 649 million (BRL 2,130 million) while the budget provided in the 2016/2017 Agricultural and Livestock Plan was USD 911.5 million (BRL 2,990 million). However, the interest rate has been decreased from 8.5% to 7.5%.
Beneficiaries can obtain credit lines to up to circa USD 671,000 (BRL 2.2 million).
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