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Application of rural credit for the 2024/2025 harvest totaled R$15T 330.9 billion

With just one month to go until the end of the 2024/2025 Harvest Plan, R$330.93 billion has already been disbursed, considering all rural producers, in the period from July 2024 to May 2025, an increase of R$111.4 billion compared to the previous month.

Regarding beneficiaries of the National Support Program for Medium-Sized Rural Producers (Pronamp) and other rural producers, R$273.84 billion was disbursed in May, an increase of R$27 billion compared to April. This performance includes financing for operating expenses, totaling R$155.07 billion; investment financing, R$56.97 billion; and marketing and industrialization financing, totaling R$70.90 billion.

This volume of credit disbursed by Pronamp and other rural producers corresponds to approximately 68% of the schedule established for the current harvest and 82% of the resources disbursed in the same period of the 2023/2024 harvest, which was R$ 332.50 billion.

The difference observed occurs only due to the performance related to other rural producers, who, in return, are financing themselves through rural product bonds, the CPRs, which until April registered issuances, in the period from July/2024 to April/2025, of R$ 331.4 billion, considering those issued in favor of financial institutions (R$ 150.5 billion) and those issued in favor of the capital market (R$ 180.9 billion), resulting in R$ 116.2 billion more in financing, through this title, compared to the same period of the previous agricultural year.

As a highlight, Pronamp has been performing well in all credit purposes, both in terms of number of contracts and amounts disbursed. R$53.48 billion was disbursed in 202,137 contracts. In financing and investment operations, R$47 billion and R$6.48 billion were disbursed in 174,243 and 27,894 contracts, respectively.

Among the sources of resources with performances superior to those of the previous harvest, the highlights are Controlled Rural Savings, with a variation of 24%; the equalized resources of BNDES (13%); and the Equalizable Free Resources (181%). Among the sources with uncontrolled interest rates, Free Rural Savings had a variation of 113%.

In the set of agricultural investment programs, which have interest rate equalization, there is a balance to be committed of 29%, while the equalizable resources for costing and marketing present a balance of 14%.

The values presented represent the portion of the financing contracted that was actually released or granted, and are therefore provisional. The data was extracted on June 4th from the Rural Credit and Proagro Operations System (Sicor/BCB), which records credit transactions reported by financial institutions authorized to operate in rural credit. The final values are normally only disclosed 35 days after the end of the month considered in the assessment.

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