São Paulo, 6 – Securities aimed at financing agribusiness with private resources totaled R$1.010 trillion in stocks from March 2023 to March of this year, an increase of 34.31% compared to the same month last year, the Ministry of Agriculture reported in a note, based on the Private Finance Bulletin of Agro. Last year, stocks of Rural Product Notes (CPR), Agribusiness Credit Letters (LCA), Agribusiness Credit Rights Certificates (CDCA), Agribusiness Receivables Certificates (CRA) and Investment Funds in Agribusiness Production Chains (Fiagro) had totaled R$752.01 billion.
In 12 months, the stock of Rural Product Notes (CPR) grew 43% compared to the previous 12 months, to R$325 billion in resources moved in March. Meanwhile, Agribusiness Credit Notes (LCA) had a more modest increase of 26%, reaching R$474 billion in contracts in March, on the same comparative basis. According to the ministry, LCAs have become the main source of free resources for bank financing in the agricultural sector.
As for the performance of other securities, Agribusiness Receivables Certificates (CRA) grew 35% in stocks until March 2024, to R$138.85 billion. Agribusiness Credit Rights Certificates (CDCA) increased 8% in the period, to R$32.59 billion.
The Investment Funds in Agribusiness Production Chains (Fiagro), in turn, jumped 212% from March last year to this year, although the volume moved was much smaller, R$38.09 billion, compared to the other securities, with the exception of CDCA.