Banrisul announced this Tuesday (05/06/22) that it will offer R$7 billion in credit agricultural for the next harvest, 35% more in relation to previous increases, from the increase in the availability of the 2022/23 Crop Plan.
“The sector represents 40% of the Gaucho GDP and we are valuing the lines that will encourage rural producers to perform excellent work”, said the Secretary of Agriculture, Livestock and Supply of Rio Grande do Sul, Domingos Lopes.
Lopes recalled that Banrisul operates in 100% of the municipalities in Rio Grande do Sul, one of the largest grain producers in Brazil.
Of the total available in this harvest, R$6.1 billion will be allocated to funding, marketing and industrialization, while R$900 million will be earmarked for investments.
Banrisul is one of the operators of the record funds of R$340.88 billion reais announced last week by the federal government for financing Brazilian producers, up 36% over the previous season.
To support national agricultural production, the Safra Plan allocates resources every year for funding and investment in the sector.
There are several modernization, innovation and sustainability programs, always prioritizing small and medium rural producers.
The next Safra Plan also bets on the diversification of funding sources, with the availability of more resources from the Letters of Credit for Agribusiness (LCA) for the acquisition of agribusiness credit rights.
An increase was established, from 50% to 70%, in the ability to use LCA resources for the acquisition of these credit rights.
The expectation is that the measure will generate a greater share of the private agribusiness finance market, with the expansion of securities such as CPR, CDCA, CRA, in addition to LCA.
Another highlight of this year's Safra Plan was the increase in Pronaf and Pronamp under-requirements, which rose from 22% to 25% and from 28% to 35%, respectively, reflecting the Safra Plan's priority for small and medium-sized producers.
Source: investing.com
