The president of the Brazilian Association of Machinery and Equipment Industry (Abimaq), João Carlos Marchesan, said on Tuesday (27) that the Moderfrota – the financing line of the Safra Plan, with BNDES resources, dedicated to the purchase of agricultural machinery -, will require a supplemental of R $ 3 billion to ensure the demand for credit by the end of the 2018/19 harvest in June of next year.
According to the official, about R $ 5 billion of the R $ 8.9 billion allocated to the program in this cycle were already captured by rural producers until October. According to Marchesan, at this rate, by the middle of February / March the original resources must be compromised, which will require reinforcement in the Moderfrota budget.
“This is becoming increasingly clear precisely because precisely in the period in which we estimate the end of resources, we will be in the time of the country’s main agricultural fairs, where business will be heated.”
The leader said that he will take the suit in meetings, this week, with President Michel Temer and the future Minister of Agriculture Tereza Cristina.
This text was translated by machine from Brazilian Portuguese.