Acre farmers can renegotiate debts due to bad weather and falling prices

Rural producers in Acre who were affected by natural disasters or the drop in agricultural prices gained an opportunity to renegotiate their rural credit debts for investments. The proposal, developed by the Ministry of Agriculture and Livestock (MAPA) together with the Ministry of Finance (MF) and approved by the National Monetary Council (CMN) in March, establishes that farmers have until May 31st to renegotiate. of your debts.

The measure covers farmers in the South, Southeast, Central-West and North regions of the country. For the states of Rondônia, Roraima, Pará, Acre, Amapá, Amazonas and Tocantins, for example, it will be possible to renegotiate activities related to beef cattle farming.

With this initiative, financial institutions will have the possibility of postponing or paying in installments debts that would mature in 2024. However, the contracted operations must be in compliance by December 30, 2023.

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This resolution became necessary due to the impact of climate behavior in the main producing regions during the 2023/2024 harvest, which harmed some crops, resulting in reduced productivity in specific areas. Furthermore, rural producers have faced difficulties due to falling prices on the global stage.

The authorized renegotiation covers investment operations whose installments due in 2024 may reach the value of 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 that meet the criteria of the resolution approved by the CMN are extended, the total cost will be R$3.2 billion, which will be distributed between the years 2024 and 2030, half of which will be allocated to family farming and the other half to corporate agriculture. This cost will be deducted from the amounts allocated to equalizing rates for the 2024/2025 harvest plans.

The productive activities and states impacted by this measure include the production of soybeans, corn and beef cattle in Goiás and Mato Grosso; beef and milk cattle farming in Minas Gerais; soy, corn and dairy cattle in São Paulo, Paraná, Rio Grande do Sul and Santa Catarina; beef cattle farming in the states of Rondônia, Roraima, Pará, Acre, Amapá, Amazonas and Tocantins; soy, corn and dairy and meat cattle farming in Mato Grosso do Sul; and dairy farming in Espírito Santo and Rio de Janeiro.

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

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