The situation in northern Honduras' Lower Aguán Valley, where land disputes have led to as many as 70 deaths in the past three years, remained tense and confused as of July 20, with prior agreements and court rulings apparently being contradicted by later developments. The National Agrarian Institute (INA) was reportedly ready in the second week of July to implement agreements made between the government, campesino groups and major landowners in June to settle disputes over eight estates. The INA would pay out 636 million lempiras (more than US$33 million) to two major landowners—Honduran cooking oil magnate Miguel Facussé Barjum and Nicaraguan entrepreneur and politician René Morales Carazo—for the estates and then turn them over to the members of two campesino organizations, the Unified Campesino Movement of the Aguán (MUCA) and the Authentic Claimant Movement of Aguán Campesinos (MARCA). The campesinos would pay the money back with 6.5% interest annually over a period of 15 years.