Financial Times FT.com

Brazil farmers lose debt battle

By Jonathan Wheatley in Rondonópolis

Published: December 9 2008 21:19 | Last updated: December 9 2008 21:19

Emerson Spigosso, a 34-year-old farmer in Mato Grosso state, central Brazil, has no idea how to pay his debts.

“The bank came to take my combine harvesters away but they couldn’t find them,” he says. “So they executed my debt through the courts. There’s no way I can pay.”

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