Regulatory Alerts2020-06-25 | Resolução CMN 4836CMN Resolution No. 4836 - Adjusts Additional Rates for the Rural Activity Guarantee Program (Proagro)
The National Monetary Council, via the Central Bank of Brazil, issued Resolution No. 4836 to update the basic additional rates for the Proagro and Proagro Mais programs effective July 1, 2020. The resolution establishes specific percentage rates for various crops, including corn, soybeans, wheat, and beans, distinguishing between rain-fed and irrigated farming regimes as well as regional variations. It simultaneously revokes previous provisions from Resolution No. 4,830 and specific articles within the Rural Credit Manual to implement these adjusted rates.
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