In the first five months of the 2018/19 agricultural harvest, the volume of rural credit contracted by banks by producers grew 19%, reaching R $ 75.36 billion, according to the Ministry of Agriculture’s Secretariat of Agricultural Policy (SPA) Livestock and Supply (MAPA).
According to the portfolio, the reduction of interest rates of 1.5 percentage points was the main reason that led to the hiring of credit.
So far, all modalities and lines of agricultural credit have risen in the 2018/19 season. Agricultural financing operations totaled R $ 43.4 billion, 15% higher than in the same period of the previous cycle. With 19% growth, the disbursement with industrialization reached R $ 3.4 billion. The contracted amounts in the marketing line reached R $ 13 billion in the period, up 19%.
Loans for investment totaled R $ 15.5 billion, an increase of 37% in the same comparison, which shows the recovery of investment levels in the field. According to SPA, the greater demand for resources used for investment is concentrated in the acquisition of machinery, implements, storage and infrastructure of properties in general
Among the investment programs, the performance of rural credit under the ABC (Low Carbon Agriculture), Construction and Expansion of Warehouses (PCA) and Inovagro (Incentive Program for Technological Innovation in Agricultural and Livestock Production) programs is highlighted. are more favorable.
According to the balance sheet of the SPA, the amount of funding made in the current harvest over the last five months and the increase observed in relation to the same period of the previous harvest were R $ 1 billion (+ 119%) for the program ABC. The PCA reached R $ 506 million (+ 100%) and Inovagro R $ 563 million (+ 84%).
This text was translated by machine from Brazilian Portuguese.