Brazil Issues Executive Order to Renegotiate Near $20 Billion in Rural Farm Debt

Brazil issued an executive order to renegotiate nearly $20 billion in rural farm debt, targeting producers with severe losses from climate events or income drops exceeding 30%. The order sets differentiated interest rates based on farm size: 5-6% for small farmers, 8-9% for medium, and 11-12% for large agribusinesses.