Sicoob Credigerais announces R$100 million for the first quarter of the 2024-25 Harvest Plan

Sicoob Credigerais announced the allocation of R$100 million for the first quarter of the 2024/2025 Harvest Plan. The resources will be directed to solutions that aim to meet the demands of farmers in the regions where the cooperative operates.

For this year, the Federal Government announced that the Safra Plan should generate around R$400 billion, with an expectation of R$53 billion in the Sicoob System.

The 2024/2025 Harvest Plan is an initiative of the Federal Government, which aims to support the agricultural sector through incentives and agricultural guidelines aimed at rural producers, ranging from family farmers to large producers.

Credigerais contributes to the program by offering specific lines of credit with competitive rates, as well as BNDES resources for investments in rural properties. The cooperative also offers technical assistance and support to producers, agreements with advisory companies, in addition to promoting educational and commercial events for rural producers, such as agricultural fairs and lectures. Currently, Sicoob Credigerais serves two thousand members in the agribusiness sector.

For the Strategic Credit Manager at Sicoob Credigerais of Sicoob Credigerais, Priscila Mundim, the application of the resource in the cooperative's actions ratifies the institution's commitment to meeting the specific demands of the producer, boosting the development of agribusiness.

“At Credigerais, resources will be allocated quarterly. During the first three months, R$100 million will be allocated to all credit lines. Each period, the fund will be managed according to the demands received from our units”, explains the manager.

To join the program's actions, the member must be duly registered as a rural producer, prove a link with the rural property to be benefited, the rural property must have a CAR, CCI and ITR, have an environmental license or exemption for the enterprise to be financed, grant or certificate of insignificant use of water resources and proof of use of contracted financing.

The services can be requested by the producer through partner designers and relationship managers or in person at the 26 Sicoob Credigerais service units, located in the North and Northwest of Minas Gerais, Goiás, Southwest and West of Bahia and in the capital of Bahia.

2023/2024 Harvest Balance

The Sicoob System recently released the balance of last year's harvest. During the period, R$48,4 billion were made available in more than 175 thousand financing operations throughout Brazil. The institution's average ticket was R$276 thousand, considering all producer sizes. For Pronaf, the indicator was R$77 thousand.

In the 2023/2024 Harvest, 36% of operations were allocated to livestock farming, mainly cattle farming. The remaining 64% was directed to agriculture, with emphasis on soybeans, coffee, sugar cane and corn.