Credit contracting in the 2018/2019 harvest closes at R$176 billion

The application of rural credit resources, corresponding to the closing of the 2018/2019 harvest, a period between July/2018 and June/2019, totaled R$176 billion. This disbursement represents an increase of 9% compared to the amount invested in the same period of the previous harvest in the funding, industrialization, commercialization and investment modalities.

The numbers are part of Agricultural Financing Balance Sheet for the 2018/2019 Crop, released this Thursday (11) by the Agricultural Policy Secretariat (SPA) of the Ministry of Agriculture, based on data from the Rural Credit Operations System and the Agricultural Activity Guarantee Program (Proagro), from the Central Bank.

Rural credit contracts for funding totaled R$99 billion (+7%), of which R$19,9 billion (+24%) were made by medium producers (Pronamp).

For investments, disbursements reached R$43,63 billion, registering an increase of 9% in relation to the values ​​applied in the previous harvest, with emphasis on the investment programs carried out by BNDES (National Development Bank) with an increase of 18%, that is, R$15 billion invested.

Among the highlights in the investment programs are Moderfrota, for the acquisition of agricultural machinery and implements (R$ 8,8 billion – 17%); Moderagro, for modernization and productivity expansion projects in the agricultural sectors (R$857 million – 26%); PCA, for the construction and expansion of warehouses (R$1,1 billion – 25%) and Prodecoop, for cooperatives to invest in the modernization of production and marketing systems (R$1,36 billion – 159%).

Among the resources in evidence in uncontrolled sources are the Agribusiness Letters of Credit (LCA's), whose applications increased from R$24 billion to R$29 billion.