São Paulo – The 2014/2015 Crop Plan will make R$ 156.1 billion (US$ 70.2 billion) available to Brazilian farmers, divided into R$ 112 billion (US$ ) for financing of costs and sales, and R$ 44.1 billion for investment programs. The sum is up 14.7% from R$ 136 billion (US$ 61.2 billion) in the previous plan.
The ceiling for financing of production costs has been increased from R$ 1 million to R$ 1.1 million (roughly US$ 450,300 to 495,300) per farmer, while the maximum amount available for sales per farmer is up from R$ 2 million to R$ 2.2 million (roughly US$ 900,600 to 990,600).
In this edition of the Crop Season, R$ 132.6 billion are available at below-market interest rates. The lowest annual rates are available for storage, irrigation and technological innovation, at 4% (5% in credit for storage to cereal farmers); the rate for sustainable practice-related loans is 5%; the rate for medium-sized farmers is 5.5%; and the interest on loans for agricultural equipment purchases ranges from 4.5% to 6%.
*Translated by Gabriel Pomerancblum
