BNDES announces R$70 billion for agriculture in the 25/26 Harvest Plan

The National Bank for Economic and Social Development (BNDES) will make R$70 billion available in the 2025/2026 Harvest Plan, to finance investments in Brazilian agriculture, in the period between July 01, 2025 and June 30, 2026. The amount is the largest budget ever made available by the Bank to the agricultural sector, 5% above the value of the previous Harvest Plan and 180% higher than that made available by BNDES in the 22/23 Harvest Plan.

R$39,7 billion in equalizable resources will be available through the Federal Government's Agricultural Programs (PAGF), a 19% increase over the previous year. These programs have set deadlines, fees, and budgets.

Of this amount, R$26,3 billion will be for medium and large producers in corporate agriculture, with interest rates between 8,5% and 14% per year, and R$13,4 billion for small producers in family agriculture, with interest rates between 0,5% and 8% per year.

For corporate agriculture, resources will be offered through nine programs, including Moderfrota, Pronamp, Renovagro, Inovagro, Proirriga, Prodecoop, and PCA. For family farming, BNDES operates through various lines of the National Program for Strengthening Family Farming (Pronaf).

Support for Family Farming (Pronaf)

In the 2025/2026 Harvest Plan, R$13,4 billion will be allocated to Pronaf, a 9% increase in relation to the amount operated by BNDES in the previous Harvest Plan.

For the North and Northeast regions, R$532 million will be allocated exclusively to family farmers in these regions, an amount 80% higher than the amount allocated to these regions in the previous Harvest Plan. This measure is aligned with the BNDES and the Federal Government's strategy of expanding financing to reduce socioeconomic and territorial inequalities in the country.

"The significant improvement in these figures reaffirms BNDES's strong commitment to the Brazilian agricultural sector. Through the Harvest Plan, with a record budget of R$70 billion for rural financing, we are working alongside producers, supporting technology, innovation, and sustainability, so that agribusiness continues to be one of the main drivers of the country's economic and social development, with practices that preserve the environment," emphasized BNDES President Aloizio Mercadante.

BNDES Rural Credit

The BNDES also offers the agricultural sector its own credit lines, which are permanent and non-equivalent to the Treasury. Among these, the BNDES Rural Credit is a highlight, focused on investment projects, isolated machinery acquisitions, financing, support for cooperatives, and the issuance of Rural Product Financial Certificates (CPR-F) or Agribusiness Credit Rights Certificates (CDCA) backed by agribusiness credit rights.

Since its launch in 2020, BNDES Rural Credit has already approved over R$23,4 billion for approximately 37 operations. Over the next 12 months, the solution will have a budget of R$30,3 billion. With this, the Bank will provide the Brazilian agricultural sector with a total of R$70 billion in loans for the current crop year.

Of this amount, R$14,4 billion will be available from the BNDES Rural Credit line, denominated in US dollars. Created in April 2023, the solution aims to expand and diversify credit options at more competitive costs for the export-intensive agribusiness sector. As of June 2025, BNDES has already approved approximately R$9 billion for 5,3 operations, with over 95% earmarked for the acquisition of machinery and equipment.

BNDES's support under the Harvest Plan or through its own financing lines for the agricultural sector occurs directly or, primarily, indirectly. In the direct modality, the resources are contracted with BNDES itself.

In the indirect modality, the contracting and transfer of resources are carried out through one of the more than 80 accredited partner financial institutions, which contributes to the distribution of the Bank's credit throughout the country.