In the first nine months of this year, the Bank Agricultural formalized a total of 21,217.1 million pesos in loans in favor of 16,459 producers agricultural, being 4,024 million pesos less than the 25,241.1 million pesos authorized in the same period of 2023.
This represents a decrease of 15.94% in relation to January-September of last year, an interval in which the amount of producers was higher, with 20,385 producers.
According to data from the main financial entity in the agricultural sector, only during the third quarter This year, 4,584 were formalized loans valued at 5,110.3 million pesos, 1,972.9 million pesos below the 7,082.9 million pesos between July and September 2023 – distributed among 5,755 producers.
So the things, the loans they had a drop of 27.85% in this quarter.
Diary Free tried to contact Bank Agricultural to know the factors behind this decrease, without obtaining a response at the closing of this informative delivery.
Loans by items
When analyzing the loans granted by the items traditionally more supported, it is observed that loans formalized for the production and the marketing of cocoa were 284.1 million pesos in July-September divided by 338 loansfor a drop of 56.21% compared to the third quarter from last year, when 504 were formalized loans whose value amounted to 649.1 million pesos.
This is the crop that presents the most significant difference in terms of authorized financing, although it continues to be maintained among the three items to those who are granted more creditsalong with rice and cocoa.
This is followed by cattle of meatwhich has loans approved for a value of 180.6 million pesos between July and September, 100.6 million pesos less than the 281.6 million pesos, for a drop of 35.77% and the chickenswho were authorized loans for 179.7 million pesos in this third quarter22.4% less than the 281.2 million approved in the same period last year.
On the contrary, the formalization of loans for the bananas grew 68.25% in the third quarter this year, reaching 188.7 million pesos distributed in 214 loans to encourage your productionexceeding the 112.1 million pesos authorized between July and September 2023.
The sector remained between top ten with greater amount of loans during this period, which represent 66.3% of the 5,110.3 million pesos formalized in the last three months.
The loans to finance the production of the dad and the tobacco were the other two that grew the most after bananas, with formalized amounts of 187.9 million and 351.6 million, representing a increase of 54.14% and 17.08% compared to July and September 2023, respectively.
Rice is the number one crop in access to credit through the Agricultural Bank, representing 28.03% of the total loans formalized between July and September, with 1,432.5 million pesos, a reduction of 9.99% compared to the same quarter of the year. last, when 1,591.5 million pesos were authorized for this cereal.
