Disbursement of rural credit reaches R$347.2 billion in 10 months, Mapa points out

Disbursement of rural credit reaches R7.2 billion in 10 months, Mapa points out
The amount of rural credit disbursement from the 2023/24 Harvest Plan reached the mark of R$347.2 billion over a period of 10 months, from July 2023 to April 2024. This represents an increase of 15% in comparison with the same period as the previous harvest. The information is from the Ministry of Agriculture, Livestock and Supply (Mapa).

Charles Dayler, agricultural engineer, points out that the value should benefit the entire agribusiness chain, as it is intended for funding, investment, maintenance and distribution.

The financing intended for funding received a total of R$191 billion in investment. Meanwhile, investment line contracts totaled R$83 billion. Operations aimed at commercialization registered R$45 billion — and those aimed at industrialization, R$27 billion.

“This resource will help. Mainly because compared to last year, we had a problem with crop failure. So let’s improve productivity and flow. This tends to have a positive impact, it is not in the agribusiness sector which has a very important weight in the GDP (Gross Domestic Product)”, he explains.

During the nine months of the agricultural year, 1,832,791 contracts were made, of which 1,375,988 were under Pronaf (National Program for Strengthening Family Agriculture) and 164,271 under Pronamp (National Support Program for Medium Rural Producers).

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Dayler highlights that the value of R$347.2 billion represents 80% of the total planned for the current harvest for all producers, including small, medium and large ones, which is R$435.8 billion.

“In other words, there are already resources applied in the field. So in financial terms, the work is being done well. We expect gains, even more so because this year we tend to have a more tenuous effect than The boy, than last year. In terms of productivity, the numbers should be better”, he points out.

João Crisóstomo, agribusiness consultant at BMJ Consultores Associados, highlights that the The boy It was a challenge in recent months, in the 2023/2024 harvest, causing a delay in rain — and, consequently, in sowing and harvesting.

“Mainly in the Center-West, where this delay in rain was observed in Mato Grosso. And the effects The boy there will be reverberations both in productivity and in the planted area, especially soybeans, which are the most representative crop in Mato Grosso”, he points out.

He highlights that, despite the difficulties, agribusiness has a virtuous cycle of around seven and eight years, breaking records. In this context, some rural producers managed to prepare for this moment, but there is a portion that is affected by climate adversity, which is why it is important to have government support.

Read more:

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With 31 new markets open for agribusiness, Brazil expands the presence of products on the world market

By Brasil 61

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