EN 
PT_BR 
The Mato Grosso Soybean and Corn Producers Association (Aprosoja MT) expresses its repudiation of Provisional Measure No. 1,303/2025, which removes the Income Tax exemption from Agribusiness Credit Letters (LCAs), Agribusiness Receivables Certificates (CRAs) and Fiagros, starting January 1, 2026.
This measure represents a direct attack on the agricultural sector's financing system, especially for small and medium-sized producers, who depend most on rural credit to finance their crops.
According to the Paraná Agriculture and Livestock Federation (Faep), LCAs account for approximately 43% of rural credit resources in Brazil. The new taxation reduces the attractiveness of these securities for investors, reduces the volume of resources available on the market and makes financing more expensive, penalizing those who produce food for Brazil and the world.
Furthermore, the economic consequences are clear: less credit means lower production and higher costs in the field. This inevitably translates into inflationary pressure on food, an increase in the population's cost of living, and an imbalance in interest rate policy. Instead of containing inflation, the provisional measure may force the Central Bank to maintain higher interest rates for longer, slowing the country's growth.
In the medium and long term, the measure compromises the domestic supply of food, worsens food insecurity, undermines inflation control and disrupts logistics and industrial chains that depend on agriculture. This is a domino effect that begins with the producer and ends in the population's pockets.
Faep president Ágide Eduardo Meneguette was direct: “Once again, the federal government did not listen to the productive sector.” We, at Aprosoja MT, reiterate this warning: the measure does not solve the country’s fiscal problem and, on the other hand, weakens the engine of the national economy.
We join the Parliamentary Front for Agriculture (FPA), which has already begun negotiations in the National Congress to overturn this provisional measure. As stated by the vice-president of the FPA, congressman Arnaldo Jardim (Cidadania-SP), “It will not pass.”
We emphasize that the base of Brazilian agribusiness is united and mobilized against measures that discourage investment, make credit more expensive and put food production at risk.
Brazil needs more legal certainty and more incentives for production, not setbacks that punish those who produce efficiently and responsibly.
