The Provisional Measure of the Safra Plan was signed by President Lula and comes into effect today; the objective is to meet the subsidized credit lines
The federal government published on Monday night (24), the provisional measure (MP) 1.289/2025, which opens an extraordinary credit of R$ 4.178 billion for the official rural credit operations equalized by the National Treasury within the scope of the Safra Plan.
The measure aims to meet the subsidized credit lines of the Safra Plan, with interest rates equalized by the Treasury, with contracts suspended by the National Treasury since last Friday (21). The provisional measure, signed by President Luiz Inácio Lula da Silva, comes into effect today and was published in an extra edition of the Official Gazette of the Union. Of the total amount, R$2.752 billion will be allocated to economic subsidies for rural and agro-industrial investment operations, R$763.519 million will go to economic subsidies for agricultural financing operations, and R$17.002 million will be used to equalize commercialization operations in lines aimed at medium and large producers. Another R$645.782 million will be allocated to equalizing credit lines under the National Program for Strengthening Family Farming (Pronaf). Maneuver to resume the Harvest Plan The publication of the provisional measure was announced last Friday (21) by the Minister of Finance, Fernando Haddad, as a way to resume contracts for subsidized credit under the 2024/25 Harvest Plan. According to Haddad, the resources will be accommodated within the limits of the fiscal framework, although they formally come from extraordinary credit.
What happened to the Safra Plan?
The Treasury suspended the contracting of subsidized financing by the 25 financial institutions that operate rural credit since last Friday, due to the lack of approval of the 2025 Budget – which includes resources to subsidize the official agricultural credit policy.
Also on Friday, the Treasury informed the banks that the resumption of contracts would be authorized when the MP was published. Approximately R$50 billion in subsidized resources from the Safra Plan were blocked due to the suspension of the lines.