CMN Resolution No. 4836 - Adjusts Additional Rates for the Rural Activity Guarantee Program (Proagro)

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on June 25, 2020, considering the provisions of Articles 59, 65-A, and 66-A of Law No. 8,171 of January 17, 1991, and Article 4 of Decree No. 175 of July 10, 1991,

R E S O L V E D:

Art. 1º Section 3 (Additional) of Chapter 16 (Rural Activity Guarantee Program - Proagro) of the Rural Credit Manual (MCR) shall be amended as follows:

“2 - The basic additional rates for the classification of enterprises under rain-fed regime in Proagro, effective from July 1, 2020, shall be as follows:

a) corn (1st harvest) and soybeans: 5%;

b) second-crop corn (2nd harvest):

I - in the South region: 8.5%;

II - in other regions: 7%;

c) wheat: 8.5%;

d) beans (1st harvest): 4%;

e) beans (2nd harvest): 6.5%;

f) beans (3rd harvest): 6.5%;

g) onion: 5%;

h) plum, apple, nectarine, and peach, without hail protection structure: 6.5%;

i) plum, apple, nectarine, and peach, with hail protection structure: 3.5%;

j) oats, barley, and canola:

I - in the South and Southeast regions: 8.5%;

II - in other regions: 7%;

k) grape: 4.5%;

l) other zoned crops: 4%.” (NR)

“2-B - The basic additional rates for the classification of enterprises under rain-fed regime in Proagro Mais, effective from July 1, 2020, shall be as follows:

a) soybeans: 3.8%;

b) corn (1st harvest): 3.8%;

c) second-crop corn (2nd harvest):

I - in the South region: 7.5%;

II - in other regions: 5%;

d) wheat: 7%;

e) beans (1st harvest): 3.5%;

f) beans (2nd harvest): 5%;

g) beans (3rd harvest): 5%;

h) vegetable beans: 4%;

i) grape:

I - in the South region: 4%;

II - in other regions: 3%;

j) onion:

I - in the South region: 4%;

II - in other regions: 3%;

k) plum, apple, nectarine, and peach, without hail protection structure:

I - in the South region: 7.5%;

II - in other regions: 6.5%;

l) plum, apple, nectarine, and peach, with hail protection structure: 3.5%;

m) oats, barley, and canola: 7%;

n) beet: 4%;

o) sorghum: 3%;

p) other zoned crops: 3%;

q) other crops in areas not zoned for the enterprise: 3%.” (NR)

“2-G - The basic additional rate for the classification of irrigated farming enterprises, including protected crops, in Proagro and Proagro Mais, effective from July 1, 2020, is 2%.” (NR)

Art. 2º The following are revoked:

I - Article 3 of Resolution No. 4,830 of June 18, 2020; and

II - the following provisions of Section 3 of Chapter 16 of the MCR:

a) items III to VI of clause “b” of item 2; and

b) items I to VII of clause “b” of item 2-B.

Art. 3º This Resolution enters into force on July 1, 2020.

Roberto de Oliveira Campos Neto President of the Central Bank of Brazil