In the first month of the agricultural calendar of the 2018/2019 crop, farmers took from the banks R $ 11.65 billion, 48% more than in July 2017 (R $ 7.9 billion), according to the Agricultural Finance Report of the current harvest, released by the Agricultural Policy Secretariat of the Ministry of Agriculture, Livestock and Supply (MPLS). The loans that registered the highest increase in contracting were those destined to the cost, when the producers are prepared for the planting of the agricultural crop.
These operations reached R $ 8.37 billion compared to R $ 5.23 billion the previous season, up 60%. Investment financing also increased, jumping from R $ 1.42 billion in July 2017 to R $ 1.46 billion this year, an increase of 3%. The investment programs showed a significant increase, more than doubling the volume of contracted resources, and the PCA (Program for Construction and Expansion of Warehouses) increased from R $ 1 million to R $ 27 million.
The contracting of industrialization (agribusiness, as of processing) went from R $ 4 million to R $ 57 million. Marketing loans recorded a 6% increase. This item increased from R $ 1.2 billion to R $ 1.25 billion.
With regard to the sources of financing, resources from rural savings increased for all purposes, with 58% in funding, 37% in commercialization and 30% in investments. And the mandatory resources reduced 29% for costing and increased 23% for commercialization. The resources of the LCAs (Agribusiness Letter of Credit), directed to rural credit, decreased by 47%, from R $ 1.5 billion to R $ 805 million.
The positive performance of rural credit hirings in the current season resulted in a relative disbursement of 6% referring to the total resources made available by the 2018/19 Agricultural and Livestock Plan (R $ 191.1 billion).
This text was translated by machine from Brazilian Portuguese.