BNDES announces another R$1,9 billion in Agricultural Programs for the 2021/2022 Harvest

The National Bank for Economic and Social Development (BNDES) announced to financial agents on Friday (10/06) the reopening of protocols and contracting of new credit operations within the scope of the Federal Government's Agricultural Programs (PAGFs). The reopening, authorized by the National Treasury Secretariat, provides for an additional R$1,9 billion in support for family and business agriculture for investment in its most diverse purposes, such as projects to expand and modernize production, acquire machinery and equipment, sustainability and innovation.

As authorized by the National Treasury Secretariat, the following lines were reopened:

• ABC, aimed at reducing environmental impact by encouraging low-carbon agriculture;

• Inovagro, to incorporate technological innovations in rural properties, aiming to increase productivity and improve management;

• Moderagro, for modernization and productivity expansion projects, and actions aimed at soil recovery and animal protection;

• Procap Agro Giro, which aims to meet the immediate operational needs of cooperatives;

• Pronamp, for funding and investments for medium-sized rural producers;

• Proirrigation, for the development of sustainable irrigated agriculture, as well as to encourage the use of production structures in a protected environment and to protect fruit growing in temperate climates against the incidence of hail; It is  

• Pronaf, aimed at family farmers for investment and funding in the field.

BNDES is a great supporter of the agricultural sector and its resources reach rural producers and their cooperatives through partner financial agents. In the 2021/2022 Harvest Plan, R$16,6 billion is already allocated to 65.656 farmers, approved through 26 financial agents, including development agencies, credit cooperatives, cooperative banks, private banks, car manufacturers' banks and public banks. This operating model allows for a decentralized distribution of resources throughout the country, facilitating the development of public policy to support agriculture.

Even during the suspension of the Safra Plan, BNDES continued to provide credit to rural producers and cooperatives through other proprietary solutions, such as the BNDES Rural Credit Program, which guarantees the continuity of the supply of resources to the sector. During the 2021/2022 Harvest Plan, R$3 billion were approved under this program which, since its launch in 2020, has reached around R$7 billion, distributed across more than 17 thousand operations.