The amount of rural credit disbursement in the 2023/2024 Harvest Plan reached the unprecedented mark of R$400,7 billion, in the period from July/2023 to June/2024, that is, the harvest year. An increase of 12% compared to the same period last harvest. According to the Agricultural Policy Secretariat of the Ministry of Agriculture and Livestock (Mapa), this is the first time that corporate and family farming together have reached the R$400 billion mark.
Cost financing was used in the amount of R$219,8 billion. Investment lines contracted totaled R$98 billion. Commercialization operations reached R$51,7 billion and industrialization operations reached R$31,2 billion.
2.210.030 contracts were made in the twelve-month period of the agricultural year, 1.681.064 in Pronaf (National Program for Strengthening Family Agriculture) and 187.212 in Pronamp (National Support Program for Medium Rural Producers). The amounts granted to small and medium-sized producers for all purposes (funding, investment, commercialization and industrialization) were, respectively, R$59,6 billion in Pronaf and R$49,6 billion in Pronamp.
The other producers formalized 341.754 contracts, corresponding to R$291 billion in financing released by financial institutions.
The total of R$400,7 billion corresponds to 92% of the amount that was programmed for the current harvest for all producers (small, medium and large), which was R$435,8 billion. In corporate agriculture (medium and large rural producers), the application of rural credit reached R$341,1 billion from July to May, corresponding to an increase of 11% compared to the same period of the previous year. This value represents 93% of the total programmed by the government, of R$364,2 billion.
In agricultural financing for investment, Pronamp reached R$4,5 billion, an increase of 81%. And financing for the Agricultural Tractors and Associated Implements and Harvesters Fleet Modernization Program (Moderfrota) was contracted in the order of R$ 7,5 billion, meaning an increase of 22% compared to the same period in the previous harvest.
In relation to the sources of rural credit resources, the share of free equalizable resources reached R$ 12,4 billion, meaning an increase of 128% in relation to the same period of the previous harvest.
SPA also highlights the contribution of uncontrolled sources to rural credit funding: the Agribusiness Credit Letter (LCA Livre), which responded to 46% of total corporate agriculture applications, in the twelve months of the current harvest, standing at R$158 billion, it saw an increase of 69% compared to the same period last harvest, when this source represented 31% (R$93 billion) of total corporate agriculture applications.
The values presented are provisional and were extracted at the beginning 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 at Sicor, variations in the data made available may be observed over the thirty days following the last month of the period considered.
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