Farsul defends text approved by the CAE for renegotiating agricultural debts

Farsul (Agricultural Federation of the State of Rio Grande do Sul) toughened its tone against Febraban (Brazilian Federation of Banks) in the discussion on Bill No. 5,122/2023, which provides for a special line for renegotiation and extension of debts in the agricultural sector.

In an analysis prepared by its Economic Advisory, the entity states that the proposal needs to cover the entire financial reality of producers, including liabilities that are outside traditional rural credit, such as debts with cooperatives, resellers, cereal producers and CPR (Rural Product Certificate) operations.

In a video released by the entity, the president of Sistema Farsul, Domingos Velho Lopes, stated that Febraban's technical note insists on removing debts that are outside the financial system from the project, a point considered non-negotiable by the federation.

Lopes highlighted that Farsul will not give up on maintaining this section or the set of measures created during discussions with representatives of the sector and approved by a large majority in the CAE (Economic Affairs Committee) of the Senate.

According to Farsul, it is essential that everyone involved understands the scope of the debate and the impacts of the proposed changes. The entity reaffirms that it will fully defend the text approved by the CAE, considered essential to serve rural producers who face financial difficulties after successive losses caused by adverse weather conditions.

According to Farsul, limiting the measure only to bank debts would reduce the effectiveness of public policy.

The federation also contested Febraban's assessment that the project could generate fiscal impact and compromise the resources of the Safra Plan. According to the entity, the main source of financing planned for the operation are resources from the Pre-Salt Social Fund, which are not part of the budget allocated to rural credit.

The director also informed that the entity will take its considerations to the Executive Branch, parliamentarians and members of the production chain, with the aim of providing knowledge about the content of Febraban's technical note and the assessment prepared by the federation.

Farsul states that it is open to dialogue to discuss the mechanisms for implementing the proposal, but reinforces the need for a quick and comprehensive solution to assist producers who face financial difficulties after successive losses caused by adverse weather conditions.

Bill No. 5,122/2023 is scheduled for voting in the Senate plenary on June 10th.

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Source: CNN