Rural establishments in Goiás will receive an additional R$151,7 million from the FCO

The agricultural sector in Goiás obtained, on Thursday (31/8), approval to attract new resources from the rural credit line of the Central-West Constitutional Fund (FCO Rural). In a meeting at the Oscar Niemeyer Cultural Center (CCON), the Deliberative Chamber of the State Development Council (CDE) granted 113 letters of consultation to the Rural FCO, totaling R$ 151,7 million in approved value. The selected proposals predicted the creation of 132 direct jobs in 57 municipalities in Goiás.

The superintendent of Rural Production at Seapa, Patrícia Honorato, represented the department at the meeting. “These resources are important because they enable investments in structure and technology, expanding the production capacity and sustainability of agribusiness in Goiás,” she stated. The approved projects declared the intention to invest in machines and implements, matrices and breeders, photovoltaic and irrigation systems, soil correction and pasture recovery, storage and other items.

In the division of resources, small rural establishments took the largest share: 48,6%. Next came small-medium-sized establishments, with 37,3%. Medium-sized establishments took 14,09%. The agricultural segments receiving the most resources were beef and dairy cattle farming, grain production, sugar cane and poultry farming.

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The Central-West Constitutional Fund (FCO) was created by the Federal Constitution of 1988 and regulated by Law No. 7.827, of 27/09/1989. Its objective is to promote the economic and social development of Goiás, Mato Grosso, Mato Grosso do Sul and the Federal District, through financing of productive activities. It is divided into two modalities, FCO Empresarial and FCO Rural, supplied with resources from rates of 0,6% of Income Tax (IR) and Tax on Industrialized Products (IPI), as well as returns on financing. The following can request resources from the FCO: rural producers and companies, individuals and legal entities, and production cooperatives.

The numbers cited above do not include projects in the Integrated Development Region of the Federal District and Surroundings (Ride). The Deliberative Chamber of the State Development Council (CDE) analyzes financing proposals above R$500 thousand.