The agribusiness financing model, which is still very much linked to official rural credit, is undergoing changes, said B3 director Fábio Zenaro during the DATAGRO Agrifinance Brazil, on Tuesday (07), in São Paulo (SP) . According to him, the tendency of the National Treasury budget constraint, as well as the fall in interest rates of the economy are some of the factors that will lead to a structural change in the format of agribusiness financing. “The subsidy system is in full swing.”
According to Zenaro, the search for resources in the capital market will begin to advance more and more as a financing alternative. The director of B3 pointed out that the capital market, through instruments such as CRAs, debentures or even stock-raising, has a lower funding cost than the resources available at free interest rates in the traditional banking system .
In the assessment of the director of Aqua Capital, Bruno Santana, to seek capital market resources and / or attract investment fund contributions, agribusiness companies will increasingly have to invest in corporate governance. Regarding mergers and acquisitions, Santana said that agribusiness, especially the agricultural inputs segment, has been undergoing a strong period of new operations.
This text was translated by machine from Brazilian Portuguese.