CMN Resolution No. 4,914 — Adjusts norms for rural credit operations under Pronaf and Terra Mais

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 4,914, OF JUNE 22, 2021

Adjusts norms to be applied to rural credit operations contracted within the scope of the National Program for Strengthening Family Agriculture (Pronaf) and the Land Fund and Agrarian Reform Plus (Terra Mais).

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 an extraordinary session held on June 21, 2021, in accordance with Articles 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, Article 48, § 2, of Law No. 8,171, of January 17, 1991, Article 3, § 3, of Law No. 11,326, of July 24, 2006, and Decree No. 4,892, of November 25, 2003,

RESOLVES:

Art. 1. Section 1 (General Provisions) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) shall enter into force with the following amendments:

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a) .....................................................................................................................

I - …………………………………………………………………………………………………………….....

II - up to R$400,000.00 (four hundred thousand reais) for investment;

b) ………………………………………………………………………………....…………………………….

I - up to R$12,000.00 (twelve thousand reais) for operating costs;

II - up to R$48,000.00 (forty-eight thousand reais) for investment, which limit may be up to R$60,000.00 (sixty thousand reais) when it concerns financing of agroforestry system projects as per MCR 10-7-1-“b”-I.” (NR)

“37 - ………………………..………………………………………………………………………………….

a) …………………………………………..…………………………………………………………………...

.........…………………………………………………………………………………………………………...

II - that do not appear in the Map list and the BNDES CFI list, up to a credit limit of R$12,000.00 (twelve thousand reais) per financed item;

...............................................................................................................” (NR)

Art. 2. Section 2 (Beneficiaries) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the MCR shall enter into force with the following amendments:

“1- ...................................................................................................................

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f) have obtained gross family income, in the last 12 (twelve) months of normal production preceding the DAP request, of up to R$500,000.00 (five hundred thousand reais), considering within this limit the sum of 100% (one hundred percent) of the Gross Production Value (VBP), 100% (one hundred percent) of the value of revenue received from an integrating entity and other revenues from activities developed on and off the property, received by any family member, excluding social benefits and pension proceeds resulting from rural activities;

...............................................................................................................” (NR)

Art. 3. Section 3 (Credits for PNCF, PNRA, and PCRF Beneficiaries) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the MCR shall enter into force with the following amendments:

“3 - ……………………………………………………………………………………………………………..

a) allocate 4.76% (four point seven six percent) of the total financing for payment of these services during, at least, the 3 (three) first years of project implementation;

…………………………………………………………………………………………………..........” (NR)

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d) are the responsibility of the beneficiary who evaded or abandoned the plot or lot the debts of credit operations carried out by him within the scope of this Section, regardless of formal communication of withdrawal.” (NR)

Art. 4. Section 5 (Investment Credits - Pronaf Mais Alimentos) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the MCR shall enter into force with the following amendments:

“2 - ……………………………………………………………………………………………………………..

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c) up to 8 (eight) years, including up to 3 (three) years of grace period for the isolated acquisition of breeding stock, studs, service animals, semen, eggs, and embryos;

d) up to 10 (ten) years, including up to 3 (three) years of grace period, for other financed items.” (NR)

“3 - The financing for the acquisition of tractors and associated implements, combine harvesters and their cutting platforms, as well as self-propelled agricultural machinery for spraying and fertilization, when related to the undertakings and purposes below, shall observe the financial charge defined for other undertakings and purposes, according to item 8 of Investment Credit – Pronaf Mais Alimentos (MCR 10-5) of Table 1 of MCR 7-6:

...............................................................................................................” (NR)

Art. 5. Section 16 (Investment Credit in Systems of Extractive Exploitation, Sociobiodiversity Products, Renewable Energy and Environmental Sustainability - Pronaf Bioeconomy) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the MCR shall enter into force with the following amendments:

“1 - ………………………………………………..…………………………………………………………...

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b) .....................................................................................................................

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VIII - agroforestry systems;

IX - rural tourism projects that add value to products and services of sociobiodiversity through infrastructure and equipment for lodging, events, processing, packaging, and storage of products that value local gastronomy;

X - projects for construction or expansion of bioinput and biofertilizer production units on the rural property, for own use;

c) ………………………………………………………………………………………………………………..

I - for the purpose provided for in items VII and VIII of letter “b”: up to 12 (twelve) years, including up to 8 (eight) years of grace period, which term of the operation may be increased, in the case of financing with resources from the Constitutional Financing Funds of the North (FNO), Northeast (FNE), and Center-West (FCO), to up to 16 (sixteen) years, when the assisted activity requires and the technical project or proposal proves its necessity, according to the financial return of the assisted activity;

...............................................................................................................” (NR)

Art. 6. Items 3 and 8 of Section 7 (Land Fund and Agrarian Reform Plus) of Chapter 4 (Purposes and Special Instruments of Agricultural Policy) of the MCR are revoked.

Art. 7. This Resolution enters into force on July 1, 2021.

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