São Paulo – Rural credit’s funds for funding, investment and agricultural trade for the 2015/2016 harvest will reach R$ 187.7 billion (US$ 59.6 billion), according to the Agricultural and Livestock Plan announced by president Dilma Rousseff and the minister of Agriculture, Livestock and Supply Kátia Abreu this Tuesday (2nd) in Brasília.
The volume of the funds is 20% higher than in the previous plan, which stood at R$ 156.1 billion (US$ 49.6 billion). From this total, the majority of it, R$ 94.5 billion (US$ 30 billion), will go to funding, to cover the costs of planting. Investments will receive R$ 33.3 billion (US$ 10.5 billion). The medium-sized producers will receive extra attention, with R$ 18.9 billion (US$ 6 billion) for funding and investment.
The funding ceiling per producer increased from R$ 1.1 million (US$ 349,800) to R$ 1.2 million (US$ 381,600), and the investment ceiling went from R$ 2.2 million (US$ 699,678) to R$ 2.4 million (US$ 763,285). The interest rate for medium-sized producers will range from 7.5% to 7.75% per year. For large-scale agriculture, the interest rate will be of 8.75%, and for investment programs it will range from 7% to 8.75%.
*Translated by Sérgio Kakitani
