Rural credit contracting increases by 37% in 3 months of Safra Plan


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In the first three months of operation of the 2021/2022 Harvest Plan, rural producers, cooperatives and agroindustry contracted R$ 97.75 billion to finance agricultural, forestry, aquaculture and fishing activities. The value represented an increase of 37% in relation to the same period of the previous year, distributed across more than 668 thousand contracts (+3%).

The numbers are in the rural credit balance released, this Tuesday (5), by the Agricultural Policy Secretariat (SPA) of the Ministry of Agriculture, Livestock and Supply (Mapa). 

Investment financing recorded the highest growth compared to the same period of the previous plan (59%), with R$ 29.49 billion and 329 thousand contracts signed. With a greater amount released, costing operations reached close to R$ 52.69 billion and 333 thousand contracts, an increase of 27% and 6%, respectively.

For other purposes, there is demand for financing for commercialization (+34% or R$ 8.28 billion) and industrialization (+42% or R$ 7.2 billion). 

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Regions of the country

According to the SPA study, rural producers in the South Region, historically, are those who contract the most financing. To date, there have been R$ 36.90 billion and more than 277 thousand contracts, which represents, respectively, 38% and 42% of the national total.

The rural credit balance shows the strong demand for rural financing in the North Region (increase of 64% in value and 46% in the number of contracts) and Northeast, 34% in value, although the number of contracts has been reduced by 5%.

Investment programs

Among the investment programs in the current harvest, Moderfrota achieved the largest share of programmed resources (66%), followed by Procap-Agro (50%) and other lines/programs (45%).

The director of Mapa's Credit and Information Department, Wilson Vaz de Araújo, highlights that there is no shortage of investment resources in the current harvest and the available balance of these resources, across all financial institutions, is 60%.

Sources of funds

The sources of resources most used by financial institutions when contracting credit to producers and their production cooperatives, between July and September, were Mandatory Resources (R$ 28.63 billion, an increase of 71%), Controlled Rural Savings (R$ 21 .97 billion or +5%) and Free Rural Savings (R$ 17.91 billion or +129%). These sources totaled 69% of participation in the value of rural financing.

The LCA (Agribusiness Letters of Credit), with uncontrolled resources, was the only source that had a decrease in the value (-46%) of releases compared to the last harvest, which represented R$ 4.03 billion.

By: Dylan Della Pasqua | Crops & Market

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