Rural producers will also have access to an additional R$108 billion in resources from LCAs, earmarked for the issuance of Rural Product Bonds (CPRs)
The Ministry of Agriculture and Livestock (Mapa) announced this Wednesday, the 3rd, the amount of R$400.59 billion for the 2024/25 Harvest Plan for corporate agriculture, an increase of 10% in relation to the amount disbursed in the 2023/24 Harvest Plan. Rural producers will also have access to an additional R$108 billion in resources from Agribusiness Credit Letters (LCAs), earmarked for the issuance of Rural Product Bonds (CPRs) — in total, R$508.59 billion will be made available for the development of corporate agribusiness.
Of the R$400.59 billion earmarked for credit for corporate agriculture, R$293.29 billion (+8%) will be allocated to financing and marketing, while R$107.3 billion (+16.5%) will be earmarked for investments. Regarding resources per beneficiary, R$189.09 billion will be offered at controlled rates, directed to the National Program to Support Medium-Sized Rural Producers (Pronamp) and other producers and cooperatives, while R$211.5 billion will be made available at free rates.
Interest rates for financing and marketing will be 8% per year for producers eligible for Pronamp. For investments, interest rates will vary between 7% and 12% per year, depending on the program.
As in the previous year, the government will reduce the interest rate for financing by up to 1.0 percentage point for producers who adopt sustainable practices.
2024/25 Harvest Plan: family farming
This morning, the Federal Government announced the allocation of R$76 billion for the 2024/25 Harvest Plan for family farming, an increase of 6.2% compared to the 2023/24 Harvest Plan, which had R$71.60 billion, but below the R$80 billion requested by the production sector — in total, R$85.7 billion will be invested in family farming, an increase of 10%.
The 2024/25 Harvest Plan for Family Farming defined the financing conditions for financing in three product ranges. In Pronaf Custeio – Range 1, the credit limit is R$250 thousand, with an interest rate of 3% per year and a term of one to three years for repayment. Among the crops included are rice, beans, cassava, wheat, fruits, vegetables, greens, açaí, cocoa and aromatic herbs. Activities such as beekeeping, dairy farming, fishing and aquaculture, sheep farming and goat farming are also included in this range.
In Pronaf Custeio – Range 2, the limit is also R$250,000 and the repayment term is from one to three years. The interest rate, however, rises to 6% per year — this range includes “other products” that are not part of ranges 1 and 3.
In Pronaf Custeio – Range 3, the financing limit is also R$250,000, with a repayment term of one to three years. The interest rate, however, is 2% per year — this range includes products from sociobiodiversity, organic agriculture and agroecology.