National Treasury suspends financing of the Safra Plan

The Secretary of the National Treasury determined the suspension of new contracts for rural financing subsidized by the 2024/25 Harvest Plan as of February 21, 2025. The measure was communicated through Circular Letter SEI No. 282/2025/MF, sent to financial institutions.

The decision comes as the 2025 Budget Bill is being processed by the National Congress. According to the official document, the suspension was necessary due to the significant growth in spending projected for next year. The increase in the Selic rate, currently at 13,25%, could reach 14,25% in March, according to market estimates. This scenario compromises the government's ability to cover subsidies for rural credit operations.

The interruption of financing lines occurs at a critical time for Brazilian agribusiness. While producers harvest soybeans and rice and begin the second corn harvest, many depend on rural credit for financing and investments. In addition, perennial crops such as coffee require maintenance and cultural treatments, which may be affected by the lack of resources.

For small producers, the government's decision is worrying. Although Pronaf Custeio has been preserved, other investments in the program have been cut, which could hinder the modernization and expansion of family production. Experts warn that the suspension could result in difficulties in accessing credit, increasing production costs and compromising the sector's competitiveness.