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Rural credit contracts under the new 2021/22 Harvest Plan have already exceeded the same period last year by 36%. In the first two months, R$ 64.11 billion in financing was already contracted by rural producers, cooperatives and agribusiness. The data was released by the Agricultural Policy Secretariat (SPA) of the Ministry of Agriculture, Livestock and Supply (Mapa).
Resources contracted with investments totaled R$ 18.3 billion, showing the biggest increase (61%). Costing operations totaled R$ 35.99 billion, 25% more compared to the same period last year. Industrialization reached R$ 5.8 billion (60%) and commercialization reached R$ 4 billion (23%).
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“Despite the adverse weather conditions that damaged the 2020/2021 harvest, optimism prevails and is reflected in the exceptional demand for investments in the modernization of production,” highlights Mapa’s Director of Credit and Information, Wilson Vaz de Araújo.
The number of financing contracts exceeds 242 thousand in funding (increase of 7%), 220 thousand in investment (3%), 3 thousand in commercialization and 492 contracts in industrialization (76%). Producers included in the National Program for Strengthening Family Agriculture (Pronaf) contracted R$ 7.9 billion in funding (46%), with more than 177 thousand contracts. In investment, family farmers contracted R$ 4.4 billion (58%), with 184 thousand contracts. For all purposes, family farmers contracted R$ 13.2 billion in financing, an increase of 47% compared to July and August last year, totaling more than 362 thousand contracts (6%).
The National Support Program for Medium Producers (Pronamp) showed an increase of 19% in the volume of contracted resources and reached R$ 8.8 billion. Funding contracts for medium producers totaled R$ 7.8 billion (16%) and investments reached R$ 1 billion (45%).
The sources of resources most used by financial institutions when contracting credit to producers and their production cooperatives were Mandatory Resources (R$ 21.2 billion), Controlled Rural Savings (R$ 13.7 billion), Free Rural Savings (R$ 11, 7 billion) and equalizable BNDES/Finame (R$ 6.6 billion).
The value of credit operations carried out with uncontrolled resources, such as LCAs (Agribusiness Letters of Credit), totaled just over R$ 18 billion, an increase of 57%.
By: Eliza Maliszewski | agrolink
