This Act creates the Fund for Lands and Agricultural Reform - 'Banco da Terra' aimed to give financial assistance in order to enforce rural programmes. It consists of 14 articles specifying the requirements to be satisfied in order to obtain these incentives for agricultural development. Beneficiaries of this financial assistance programme are: farmers non-owners (working under concession, leasing, etc. for more than 5 years in agro-zootechnics); owners of agricultural lands for family sustenance (according to article 4 of Law No. 4.504 of 30 November 1964).
Implemented by: Decree No. 3.475 regulating Act No. 93 on the Fund for Lands and Agricultural Reform - 'Banco da Terra'. (2000-05-19)
Implemented by: Decree No. 6.672 regulating the Sub-programme to Fight Rural Poverty, established under the National Agrarian Reform. (2008-12-02)
Implemented by: Decree No. 8.500 amending Decree No. 4.892 on the Fund for Land and Agricultural Reform. (2015-08-12)
Implemented by: Decree No. 4.892 regulating Act No. 93 creating the Fund for Land and Agricultural Reform. (2018-01-10)
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Following more than three centuries under Portuguese rule, Brazil gained its independence in 1822, maintaining a monarchical system of government until the abolition of slavery in 1888 and the subsequent proclamation of a republic by the military in 1889. Brazilian coffee exporters politically dominated the country until populist leader Getulio VARGAS rose to power in 1930.