RIO DE JANEIRO—A presidential decree Friday will suspend up to an estimated $5.7 billion in fines and give landowners two more years to comply with environmental regulations meant to stop the razing of the Brazilian rain forest. A presidential decree last year had set Friday as the deadline for landowners to be in line with the laws.
Officials said the new decree will give time to implement a program for educating farmers, ranchers and others across Brazil—but principally in the Amazon—on sustainable development and how to increase production without cutting down the forest.
The decree also launches an initiative designed to bring some order to Brazil's countryside by encouraging farmers to formally demarcate and "legalize" their land, chiefly by reforesting areas illegally destroyed. The initiative will provide loans and environmental education to those who abide by the laws, Environment Minister Carlos Minc said. "Ninety percent of farmers have been operating illegally for 44 years, since the forest laws were created," Minc said.
In order to participate, landowners will have to sign a contract with the government. If they don't, they will be required to pay the fines and comply with the Friday deadline set by last year's decree. Fines will be reinstated for those who sign up but are still not in compliance with the environmental rules after two years.
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