Tarcísio Hubner, vice president of Agribusiness of Banco do Brasil, said last Wednesday (23), in an event in the city of São Paulo, that there will be no shortage of funds to finance agribusiness, although the sources of credit will be more varied here forward, not being restricted only to official resources. Banco do Brasil is the main financial institution for financing agriculture.
According to the executive, other sources – linked to the market – have been gaining ground against official rural credit. “The LCA, for example, has grown a lot,” he said, adding that the market already accounts for about 65% of demand for agricultural credit in the country. Among the private financing mechanisms, Hubner cited barter operations, which function basically anchored in the anticipated exchange of input production.
The fact, the executive stressed, is that the demand for agriculture is growing, consistent, and that this scenario is favorable to the granting of credit to the sector, regardless of source.
This text was translated by machine from Brazilian Portuguese.