UPDATE 1-Government to finance Brazil cane replanting


* Credit for replanting part of larger ethanol push * Interest rate on loans for replanting 5.5 pct/year * Brazil 2011/12 farm budget to top $62 billion (Rewrites with ag ministry confirmation, details) SAO PAULO, May 24 (Reuters) - Brazil's government will offer a line of subsidized credit for the replanting of cane crops, as part of a larger push to stimulate production of ethanol, the Agriculture Ministry said on Tuesday. The new line of credit, directed at improving sugar cane ...

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