Launch of the 2024-25 Harvest Plan is scheduled for the last week of June

This Tuesday (18), the ministers of Agriculture, Carlos Fávaro, of Finance, Fernando Haddad, and of the Secretariat of Institutional Relations, Alexandre Padilha, met with representatives of the Parliamentary Front for Agriculture (FPA) to discuss the latest adjustments to the new Harvest Plan 2024/25, which should be launched next week, in Rondonópolis (MT). 

“We collected suggestions from work done by the FPA together with the National Confederation of Agriculture (CNA) and the Organization of Brazilian Cooperatives (OCB), so that we can then take into account the numbers, the proposals, for the announcement of the Safra Plan”, said Minister Fávaro.

In the document delivered to the ministers, the representations suggest refinement in the main themes of the plan, such as the Rural Insurance Premium Subsidy Program (PSR), volumes of rural credit, equalization, sustainability and cooperativism. “We had an open, very decisive meeting. I am sure that an even better Safra Plan will emerge from here and that it will increasingly meet the needs of our producers”, he added. 

Crop Plan 2023/24

In 2023, the Federal Government launched the largest Harvest Plan in history, with more than R$435 billion in rural credit for small, medium and large producers. An increase of 28% compared to the previous one. Of this amount, R$364,22 billion went to corporate agriculture.  

The current Plan aimed to encourage the strengthening of environmentally sustainable production systems, with a reduction in interest rates for the recovery of pastures and rewards for rural producers who adopt agricultural practices considered more sustainable. 

Fávaro further explained that there was an understanding regarding the offer of resources destined for equalization. “The important thing is the greater allocation of resources, for example, from rural savings, from the LCA [Agribusiness Letter of Credit], from demand deposits, which means that costs are much reduced and banks can serve producers in the smallest possible interest rates,” he said.