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Brazil to invest $10 billion in family farms

Brazil to invest $10 billion in family farms

Brazil says it will invest $10 billion to help family farms in Latin America's biggest country.
President Dilma Rousseff announced the investment program on Tuesday in the southern state of Parana.
The investment will help small farmers working on land received from Brazil's agrarian reform program, indigenous communities and communities of descendants of runaway slaves that started being formed in the 17th century.
The program includes a minimum price policy and harvest purchase guarantees.
Lower interest rates for farm loans are also part of the program.
According to official figures, family farms account for 70 percent of the food consumed in Brazil.