During a meeting with rice producers in Brasilia, Banco do Brasil presented the guidelines for carrying out the renegotiation of the debts of the farmers in relation to the last harvest. Until next week an official position of the financial agent should be announced about the costs.
According to the vice president of the Federation of Rio Grande do Sul Associations (Federarroz), Alexandre Velho, the proposal of the Bank of Brazil was a payment of 30% of the cost of the 2017/2018 crop that will win this year and thereby grant three years after the payment of this entry.
“This would be an emergency measure to take the immediate commitment of the producer of these financings and the entry of 30% would be very heavy. We asked for it to be 10% but the bank argued the difficulties of this smaller percentage but accepted to take to the board to try to approve this measure.We expect to reach a 20% number of entry, “said the official.
At the hearing, intermediated by the coordinator of the External Commission for Agricultural Indebtedness, Deputy Jerônimo Goergen (Progressistas / RS), the director of Federarroz presented the difficulties related to the rice sector of the state of Rio Grande do Sul, which has coexisted with high production costs and low prices, disloyalty of the Mercosur product. “We put the context of rice farming and the need to deal with structural issues with the government, but with Banco do Brasil we deal with the urgency of this measure to take the market pressure with the approaching maturities,” he points out.