BNDES releases R$72 billion for the 2026/27 Harvest Plan
The BNDES (National Bank for Economic and Social Development) will offer R$72 billion in credit for the agricultural sector during the 2026/27 Harvest Plan, 2.8% more than in the previous cycle.
Resources can be contracted between July 16, 2026 and June 30, 2027.
Of the total forecast, R$40.5 billion will be offered through the PAGFs (Federal Government Agricultural Programs), which have specific conditions regarding term, interest rate and budget.
Of this amount, R$21.5 billion will be allocated to medium and large producers in corporate agriculture, with interest rates between 8% and 12.5% per year. Another R$18.9 billion will be directed to family farming, with interest rates between 0.5% and 7.5% per year.
According to BNDES, there was a reduction in interest rates for most programs compared to the previous cycle.
In corporate agriculture, financing will be offered through nine programs, including Moderfrota, Pronamp, Renovagro, Inovagro, Proirriga, Prodecoop and PCA (Program for Construction and Expansion of Warehouses).
For family farming, the resources will be operationalized through Pronaf (National Program for Strengthening Family Farming) lines. The budget allocated to the program will be R$18.9 billion, a value 41% higher than the R$13.4 billion made available in the 2025/26 Harvest Plan. Of this total, R$646.9 million will be reserved exclusively for family farmers in the North and Northeast regions.
In addition to the resources linked to the Safra Plan, the BNDES informed that it will maintain its own lines of financing for the agricultural sector. The BNDES Rural Credit program will have a budget of R$31.5 billion over the next 12 months, around 4% more than in the previous harvest.
The line is intended for financing investment projects, acquisition of machinery and equipment, funding, support for cooperatives and issuance of CPR-F (Rural Financial Product Certificates) and CDCA (Agribusiness Credit Rights Certificates).
Source: CNN