Farm says the measure is due to Selic’s discharge and the consequent increase in the cost to maintain the subsidy
The National Treasury decided to suspend new hiring of financing lines for the 2024/2025 crop plan. The measure is valid from Friday (21.FEV.2025) and does not affect the credit operations of Pronaf (National Program for Strengthening Family Farming) cost.
The Secretary of the National Treasury, Rogério Ceron, argues in a letter sent to financial institutions dealing with subsidized credit that the decision is due to an update in the estimation of spending on the expenses with the “Inventory of rural operations contracted with interest rate equalization”as well as non -approval of the 2025 budget.
By equalizing interest, the government in practice assumes the costs of the difference between the rate practiced in the financial market and the one who is paid by those who obtain financing – in this case, the producer. It is therefore a subsidy.
“Estimates of spending to 2025 with that economic subsidy were updated, resulting in a relevant increase in spending due to the strong elevation in the economic indices that make up the costs of sources in relation to those used in the making of the budget bill – Ploa 2025 , still in process in the National Congress ”says.
In cycle 2024/2025, the government of chairman (PT) For large producers through the crop plane. The value is record.
Otherwise
O Poder360 He sought the Ministry of Finance to obtain a response about the decision. In a statement, the agency states that the suspension was temporarily and that it is necessary due to the discharge of Selic – which – and that it led to a “Increased cost of credit equalization”.
Here’s the full:
“The temporary suspension of credit lines with equalized resources from the 24/25 crop plan was necessary due to the elevation of the basic interest rate, which resulted in the increase in the cost of credit equalization of the 24/25 crop plan.
To ensure that family farmers continue to have access to rural credit, due to their importance in food production, hiring pronaf costing operations were maintained. Already the lines equalized for other farmers needed to be suspended until the approval of the annual budget law (LOA) 2025 and until the necessary adjustments are made, given the impact generated by the new estimates related to the Selic rate ”.
