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Rural credit contracts reach R$ 209 billion in nine months

In nine months of the 2021/2022 harvest, disbursements of rural credit reached R$ 209.1 billion distributed in 1,409 thousand contracts. The numbers are part of the Rural Credit Performance Balance, released this Friday (8) by the Ministry of Agriculture, Livestock and Supply.Rural credit contracts reach R$ 209 billion in nine months

The growth recorded is 25% compared to the same period of the previous crop. Of this total, R$110.5 billion went to funding, R$60.7 billion to investment, R$25.1 billion to marketing and R$12.8 billion to industrialization.

According to the ministry, all regions showed an increase in the value of credit granted to rural producers, especially the North Region, due to the increase both in the number of contracts and in the value, with the Constitutional Fund for Financing of the North (FNO) and the Controlled Rural Savings the main sources of funds used.

In aggregate, the most representative sources of funds were Controlled Rural Savings (R$ 47.4 billion), Mandatory Resources (R$ 44.4 billion), LCA (R$ 33.7 billion) and Free Savings (R$ 31, 0 billion); which represent 75% of the total released by Financial Institutions to rural producers.

Investments not linked to a specific program (financing contracted with resources from constitutional funds and with free resources) exceeded the initial programming of resources, mainly with the suspension, since February, of contracting equalizable financing due to the depletion of budget resources for equalization of interest. The search for non-equalized sources materialized as an alternative for the continuity of financing.

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