Disbursement of rural credit totals R$ 202,8 billion until December

The disbursement of rural credit totaled R$202,87 billion in the 2022/23 Harvest Plan, from July 2021 to December 2022. Cost financing was used in the amount of R$126 billion. Investments totaled R$53 billion, sales reached R$13,6 billion and industrialization reached R$10,1 billion.

According to the analysis of the Agricultural Policy Secretariat of the Ministry of Agriculture, Livestock and Supply (Mapa), of the total of 1.092.901 contracts carried out in the six-month period, Pronaf and Pronamp producers contracted the equivalent of R$ 33,6 .787,9 billion, each category. Small producers closed with 137,6 thousand and medium producers reached 167,4 thousand contracts. The other producers totaled 135,5 thousand contracts or the equivalent of R$XNUMX billion.

The director of the Department of Financing Policy for the Agricultural Sector, Wilson Vaz de Araújo, highlighted the continued high demand for funding resources, resulting from official support for the sector and favorable market conditions, as evidenced by the Conab estimate of record production of 312,2 million tons of grains in the 2022/23 harvest. 

In relation to the sources of rural credit resources, the share of mandatory resources in total contracts stood at R$45,39 billion, and that of resources from controlled rural savings reached R$48,44 billion. The two sources add up to 46% of total financing (R$93,83 billion). 

The demand for uncontrolled resources remains high, with R$74,63 billion (37%), with emphasis on resources from the Agribusiness Letter of Credit (LCA) with R$43 billion or 21% of rural credit.

The South region continues to stand out in harvest plan financing with R$69,2 billion. Central West is in second place in credit performance, with R$52,6 billion.

The values ​​presented are provisional and were extracted on the 4th of this month, from the Rural Credit and Proagro Operations System (Sicor/BCB), which records credit operations reported by financial institutions authorized to operate in rural credit.  

Depending on the date of consultation in Sicor or in the Rural Credit Thematic Panel of the Brazilian Agricultural Observatory, variations may be observed in the magnitude of the data made available over the thirty days following the last month of the period considered.