CMN Resolution No. 4973 — Adjusts the rules of the Family Agriculture Price Guarantee Program (PGPAF)

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

CMN RESOLUTION NO. 4,973, OF
DECEMBER 16, 2021

Adjusts the rules of the Family Agriculture Price Guarantee Program (PGPAF).

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on December 16, 2021, considering the provisions of Article 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Article 5 of Decree No. 5,996, of December 20, 2006,

R E S O L V E D:

Article 1. Section 15 (Family Agriculture Price Guarantee Program – PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture – Pronaf) of the Rural Credit Manual (MCR) shall enter into force with the following amendments:

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

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b) the collection of market prices for the products listed in the PGPAF schedule, for the purpose of calculating the PGPAF discount bonus, shall refer to the typologies and regions contained in Annex II of this Section;

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e) .....................................................................................................................

I - the production cost of each product covered by the program shall be collected based on regional average costs, according to the methodology defined by the PGPAF Management Committee;

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III - the collection of market prices for the products covered by the PGPAF shall be carried out monthly in each State, according to the regionalization established in Annex II of this Section, establishing that the state market price shall be defined by the average of the prices received by farmers in the state, considering the methodology defined by the PGPAF Management Committee;

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VI - the percentage of the price guarantee discount bonus on financing shall be valid for payments made between the 10th (ten) day of each month and the 9th (nine) day of the following month;

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

Article 2. The guaranteed prices contained in Table 1 - Guaranteed prices valid for cost and investment operations with maturity from 1/10/2022 to 1/9/2023 of Annex I - Guaranteed price tables for products covered by the PGPAF of Section 15 (Family Agriculture Price Guarantee Program - PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) are hereby approved, as attached to this Resolution.

Article 3. The guaranteed price for cotton (lint) contained in Table 2 - Guaranteed prices valid for cost and investment operations with maturity from 7/10/2021 to 7/9/2022 of Annex I - Guaranteed price tables for products covered by the PGPAF of Section 15 (Family Agriculture Price Guarantee Program - PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) shall enter into force with the following amendment:

Products	Regions and States	Unit	Guaranteed Price (R$)
Cotton (lint)	Northeast and North	15 kg	77.45

Article 4. Annex II – Reference typologies and regions for the purpose of collecting market prices for products covered by the PGPAF of Section 15 (Family Agriculture Price Guarantee Program - PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) is hereby created, as attached to this Resolution.

Article 5. Items I to XIV of clause “b” of item 1 of Section 15 (Family Agriculture Price Guarantee Program - PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) are hereby revoked.

Article 6. This Resolution enters into force on January 10, 2022.

Roberto de Oliveira Campos
Neto

President of the Central Bank of Brazil

Annex I - Guaranteed price tables for products covered by the Family Agriculture Price Guarantee Program (PGPAF):

“Table 1 - Guaranteed prices valid for cost and investment operations with maturity from 1/10/2022 to 1/9/2023

Products	Regions and States	Unit	Guaranteed Price (R$)
Açaí (fruit, cultivated)	Northeast and North	kg	1.47
Cotton (lint)	Center-West, Southeast and South	15 kg	82.60
Peanuts (in shell)	Center-West, Northeast, Southeast and South	25kg	33.73
Rice (in shell)	South (except PR)	50 kg	45.30
Center-West, Northeast, North, Southeast and PR	60 kg	62.34
Potato	Center-West, Northeast, Southeast and South	50 kg	45.76
Sweet potato	Brazil	22 kg	7.59
Sugarcane	Southeast	t	92.42
Northeast	74.74
Caprine/Ovine (meat, carcass)	Northeast	kg	10.92
Yams/Calabash	Brazil	kg	1.65
Brazil nut (in shell)	North	kg	1.23
Onion	Brazil	Kg	0.86
Beans (in grain)	Brazil	60 Kg	126.33
Cowpea beans (in grain)	Northeast, North and MT	60 kg	231.60
Jute/Hemp (scoured, raw fiber)	North	kg	3.70
Apple	South	Kg	0.75
Cassava (root)	Center-West, Southeast and South	t	279.14
Northeast and North	320.65
Mango	Center-West, Northeast, North, Southeast and PR	Kg	1.24
Passion fruit	Brazil	Kg	1.87
Corn (in grain)	Center-West (except MT), Southeast and South	60 kg	33.99
MT and RO	25.80
BA, MA, PI and TO	28.26
North (except RO and TO)	34.97
Black pepper (in grain)	Brazil	kg	5.19
Soybeans (in grain)	Brazil	60 kg	55.55
Sorghum (in grain)	Center-West (except MT), Southeast and South	60 kg	23.51
MT and RO	19.35
North (except RO)	26.23
Tangerine	Brazil	24 kg	14.97
Tomato	Brazil	kg	1.18
Grape	Northeast, Southeast and South	kg	1.31	” (NR)

“Annex II – Reference typologies and regions for the purpose of collecting market prices for products covered by the PGPAF

Product	Reference typologies for market price collection	Regions and States
Pineapple	Pearl	Brazil
Açaí (fruit, cultivated)		Northeast and North
Cotton (lint)		Brazil
Garlic	Noble	Center-West, Northeast, Southeast and South
Peanuts (in shell)		Center-West, Northeast, Southeast and South
Rice (in shell)	Long fine	Brazil
Banana	Nanica	MT and SC
Prata	Brazil (except MT and SC)
Potato	English, in natura	Center-West, Northeast, Southeast and South
Sweet potato	In natura	Brazil
Rubber (natural, cultivated)	Cernambi	Brazil
Cocoa (almond, cultivated)		Center-West, Northeast, North and ES
Arabica Coffee		Brazil
Conilon Coffee		Brazil
Sugarcane		Northeast and Southeast
Caprine/Ovine (meat, carcass)		Northeast
Yams/Calabash	In natura	Brazil
Cashew nut (almond, in shell)	In natura	Northeast and North
Brazil nut (in shell)		North
Onion	Yellow	Brazil
Yerba mate	In natura	South
Beans (in grain)		Brazil
Cowpea beans (in grain)		Northeast, North and MT
Sunflower (in grain)		Center-West, Southeast and South
Jute/Hemp (scoured, raw fiber)		North
Orange	Industry	Brazil
Milk (cow)	In natura	Brazil
Apple	Gala or Fuji, in natura	South
Castor bean (berry)		Brazil
Cassava (root)	Industry	Brazil
Mango	Tommy Atkins	Center-West, Northeast, North, Southeast and PR
Passion fruit	Sour, in natura	Brazil
Bee honey		Brazil
Corn (in grain)		Brazil
Black pepper (in grain)		Brazil
Sisal (raw fiber, processed)		BA, PB and RN
Soybeans (in grain)		Brazil
Sorghum (in grain)		Brazil
Tangerine	In natura	Brazil
Tomato	Long life - persimmon or Italian	Brazil
Wheat (in grain)	Bread type	Center-West, Southeast, South and BA
Triticale (in grain)		Center-West, Southeast and South
Grape	Industry	Northeast, Southeast and South	” (NR)