The amount of agricultural credit contracted with the Agricultural and Livestock Plan 2018/19 reached R $ 34.1 billion, up 45%. According to information provided by the Ministry of Agriculture, Livestock and Food Supply (MAPA), of the total funds released, emphasis was placed on costing operations, which totaled R $ 20.8 billion, equivalent to 111,245 operations with an increase of 35% .
According to Secretary of Agricultural Policy of MAPA, Wilson Vaz de Araújo is the largest volume of resources contracted in the last five years and reflects expectations of the rural producer regarding the behavior of the agricultural market. “There are resources available and producers turn to credit to take advantage of business opportunities.”
Among the main financing programs, the PCA (Construction and Expansion of Warehouses) program, which had an increase of 141%, stands out due to the incentive to install structures with a capacity of up to 6 thousand tons, at interest rates of 5.25% per annum.
On the other hand, the Moderfrota (Program for the Modernization of the Fleet of Agricultural Tractors and Implements) performed 55% higher than the previous harvest. “This increase was already expected due to lower rates,” says the secretary of MAPA.
This text was translated by machine from Brazilian Portuguese.