The President of the Republic, Michel Temer, approved Law 13,729, which authorizes the renegotiation of rural debts under the National Program for Strengthening Family Agriculture (Pronaf). Sanctioned by the president, the law was published in today’s edition (9) of the Official Gazette (DOU).
Initially, the provisional measure, which was transformed into a law, foresaw 70% discounts on debts contracted through December 31, 2006, and 45% on operations contracted between January 1, 2007 and December 31, 2011.
The deadline for debt settlement with the discount was December this year. The sanctioned law provides for discounts of up to 95% with a settlement period up to December 2019.
This text was translated by machine from Brazilian Portuguese.