The most complete Electronic Media in Mato Grosso do Sul

The most complete Electronic Media in Mato Grosso do Sul
The most complete Electronic Media in Mato Grosso do Sul
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Producers from 16 states, including Mato Grosso do Sul, affected by climate events or the drop in agricultural prices, can request the renegotiation of rural credit debts for investments. Authorization came from the National Monetary Council (CMN) and requests must be made by May 31st.

At the beginning of this month, in a meeting with the Minister of Agriculture, Carlos Fávaro and representatives of MS agribusiness, Governor Eduardo Riedel spoke of the search for a solution: “The measure is necessary to overcome the moment of difficulty that the sector is experiencing with low productivity and falling prices.”

In this harvest, around 4.2 million hectares of soybeans were cultivated in Mato Grosso do Sul and the production estimate is 54 bags per hectare. However, with rising production costs and drought, many farmers are harvesting less than expected. This has caused major losses of up to 40% in producers’ revenue and sector debt.

According to the executive secretary of the Secretariat of Environment, Development, Technology and Innovation (Semadesc), Rogério Beretta, at this moment “the soybean harvest is close to 60% completed in the State”. The estimate is to harvest 12.5 million tons this year, down from 15 million last year.

In a note, the Ministry of Finance reported that in the 2023/2024 harvest, the climate behavior in the main producing regions negatively affected some crops, mainly soybeans and corn, reducing productivity in specific locations in the South, Central-West regions and the state of São Paulo. The statement also highlights the drop in the price of soybeans, corn, meat and milk in some regions, in addition to expensive inputs.

Financial institutions may renegotiate, at their discretion, up to 100% of the principal value of installments due between January 2nd and December 30th of this year. The credit lines must have been contracted by December 30th of last year, and the borrower must be up to date with the installments by this date.

The renegotiation covers portions of rural investment credit lines contracted with controlled resources (equalized resources, mandatory resources and resources from the Constitutional Funds of the Northeast, North and Central-West).

All financing must be supported by the National Program for Strengthening Family Agriculture (Pronaf), the National Support Program for Medium Rural Producers (Pronamp) and other rural investment programs of the National Bank for Economic and Social Development (BNDES), as well as of the rural investment lines of constitutional funds.

Productive activities and benefiting states:

• soy, corn and beef cattle: Goiás and Mato Grosso;
• soy, corn and dairy and meat cattle farming: Mato Grosso do Sul;
• meat and milk cattle farming: Minas Gerais;
• soy, corn and dairy cattle: São Paulo, Paraná, Rio Grande do Sul and Santa Catarina;
• beef cattle farming: Rondônia, Roraima, Pará, Acre, Amapá, Amazonas and Tocantins;
• dairy cattle farming: Espírito Santo and Rio de Janeiro.

Estimates – The renegotiation covers investment operations whose installments due in 2024 could reach R$20.8 billion in equalized resources, R$6.3 billion in resources from constitutional funds and R$1.1 billion in mandatory resources.

If all installments of operations eligible for renegotiation are extended, the cost will be R$3.2 billion, distributed between 2024 and 2030, half for family farming and half for corporate farming. The effective cost will be deducted from the amounts to be allocated to equalize rates for the 2024/2025 Harvest Plans.

Source: Gov-MS – Danielly Escher (with information from Agência Brasil)

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The article is in Portuguese

Tags: complete Electronic Media Mato Grosso Sul

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