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Rural credit disbursement totals R$186 billion in 4 months

hey crop planning 2023/2024 distributed R$186 billion in rural credit to family and commercial agriculture in the first four months of application, a number corresponding to an increase of 14% compared to the same period (July–October) of the previous harvest.

According to the Ministry of Agriculture and Livestock (MAPA), R$110 billion was invested in funding; R$35 billion of concessions for investment lines; R$21 billion in commercialization operations; and R$19 billion in industrialization.

Of the application areas, only investment saw a decline. “But this reduction was due to decisions taken by the manufacturer or the cooperative. Not because of the lack of resources of the SAFRA plan”, explained Wilson Vaz, Deputy Assistant Secretary for Agricultural Policy at the Ministry of Agriculture and Livestock, referring to a 20% decline from R$44 billion to R$35.28 billion. RELATED

There were a total of 832,726 contracts during the four-month period of the agricultural year. Of this total, 602,528 under the National Family Agriculture Strengthening Program (PRONAF) and 101,614 under the National Support Program for Medium Rural Producers (PRONAF).

“The total amount of R$186 billion is 43% of the amount that was programmed for the current harvest for all producers (small, medium and large), R$435.8 billion. Rural credit applications for corporate agriculture (medium and large farmers) reached R$160.3 billion from July to October, an increase of 18% compared to the same period last year. The amount represents 44% of the total R$364.2 billion earmarked by the government, the ministry said in a note.

R$26.5 billion in Pronaf and R$28.5 billion in Pronamp were allocated to small and medium-sized producers for all purposes – funding, investment, commercialization and industrialization, respectively.

Other producers formalized 128,584 contracts, which corresponds to R$131.8 billion in financing issued by financial institutions.

The Agricultural Modernization and Conservation of Natural Resources Program (ModerAgro) recorded contracts worth almost R$1 billion in agricultural financing for investment, corresponding to an increase of 22% compared to the same period last harvest. Financing for the ProNamp program reached R$2.5 billion, representing an increase of 50%.

“With respect to sources of rural credit resources, the share of free equivalent resources reached R$8.7 billion, which means an increase of 445% with respect to the same period of the previous harvest, indicating a greater use of this source, provided For equality within the Gaya Safra scheme”, Mapa informed.

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