The Brazilian government announced today (18.jun.2019) R$ 225.59 billion for the 2019/2020 Safra Plan, which offers credits for financing small, medium and large Brazilian farmers. The value is practically the same as the previous season.
Of this total, R$ 222.74 billion is for rural credit, of which R$ 169.33 billion for funding, marketing and industrialization. Other R$ 53.41 billion for investment.
Among the main investment programs, Moderfrota, for financing agricultural machinery and equipment, will have R$ 9.6 billion, with a financing limit of up to 85% of the value of the product.
The Agriculture and Low Carbon Program will have R$ 2.096 billion available, with a financing limit of R$ 5 million per contract. The payment term is 12 years, with interest rates of 5.25% per year and 7% per year.
