CMN Resolution No. 5,083 - Defines Financial Charges for Rural Financing with Constitutional Financing Fund Resources

Resolution No. 5,083

The current text of the MCR is available at the following address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,083, OF JUNE 29, 2023

Defines the financial charges for rural financing with resources from the Constitutional Financing Funds, as provided for in Section 8 (Constitutional Financing Funds) of Chapter 7 (Financial Charges and Credit Limits), and adjusts the norms of Section 4-A (Methodology for calculating the Rural Interest Rates of the Constitutional Financing Funds - TRFC) of Chapter 2 (Basic Conditions) of the Rural Credit Manual.

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 29, 2023, 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 1 of Law No. 10,177, of January 12, 2001,

RESOLVES:

Art. 1 Section 4-A (Methodology for calculating the Rural Interest Rates of the Constitutional Financing Funds – TRFC) of Chapter 2 (Basic Conditions) of the Rural Credit Manual (MCR) shall be amended as follows:

“12 - ...........................................................................................................

Operation Type	Annual Gross Revenue	Program Factors
		FCO	FNE	FNO
Investment, including associated working capital or capital	Up to R$16 million	0.3991254	0.3167217	0.3161611
From R$16 to R$90 million	0.5858510	0.4984335	0.4930657
Above R$90 million	0.7693882	0.6755132	0.6658353
Working capital or capital and marketing	Up to R$16 million	0.4555421	0.3725461	0.3700499
From R$16 to R$90 million	0.6632707	0.5738697	0.5653553
Above R$90 million	0.8663539	0.7697345	0.7557784
Operations destined to: a) financing of conservation and environmental protection projects, recovery of degraded or altered areas, recovery of native vegetation, and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native forests; b) financing of projects for technological innovation in rural properties, including energy generation from renewable sources, observed that energy must be destined exclusively for own use on the rural property; c) expansion, modernization, renovation, and construction of new warehouses.	Any value	0.1470709	0.0742494	0.0799609

” (NR)

Art. 2 Section 8 (Constitutional Financing Funds) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall be amended as follows:

“Table 1: Financial Charges for Rural Financing with Resources from the Constitutional Financing Funds, contracted in the period from 3/7/2023 to 30/6/2024
Fund / Purpose	Annual Gross Revenue	Program Factor (FP)	Rural Credit Interest Rates (up to % p.a.)
Fixed	Fixed with Bonus	Post-fixed (*)		Post-fixed with Bonus
Constitutional Fund of the Center-West – FCO
1 - Investment, including associated working capital or capital	up to R$16.0 million	0.3991254	9.05	8.67	2.37	+ FAM	2.01		+ FAM
From R$16.0 to R$90 million	0.5858510	10.23	9.86	3.47	+ FAM	3.13		+ FAM
above R$90 million	0.7693882	11.39	11.15	4.56	+ FAM	4.33		+ FAM
2 - Working capital or capital and marketing	up to R$16.0 million	0.4555421	9.41	8.98	-		-
From R$16.0 to R$90 million	0.6632707	10.72	10.30	-		-
above R$90 million	0.8663539	12.00	11.73	-		-
3 - Operations destined to: a) financing of conservation and environmental protection projects, recovery of degraded or altered areas, recovery of native vegetation, and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native forests; b) financing of projects for technological innovation in rural properties, including energy generation from renewable sources, observed that energy must be destined exclusively for own use on the rural property; c) expansion, modernization, renovation, and construction of new warehouses.	Not applicable	0.1470709	7.46	7.32	0.87	+ FAM	0.74		+ FAM
Constitutional Fund of the Northeast – FNE
1 - Investment, including associated working capital or capital	up to R$16.0 million	0.3167217	7.79	7.60	1.18	+ FAM	1.01		+ FAM
From R$16.0 to R$90 million	0.4984335	8.51	8.32	1.86	+ FAM	1.68		+ FAM
above R$90 million	0.6755132	9.22	9.08	2.52	+ FAM	2.40		+ FAM
2 - Working capital or capital and marketing	up to R$16.0 million	0.3725461	8.01	7.79	-		-
From R$16.0 to R$90 million	0.5738697	8.81	8.59	-		-
above R$90 million	0.7697345	9.59	9.44	-		-
3 - Operations destined to: a) financing of conservation and environmental protection projects, recovery of degraded or altered areas, recovery of native vegetation, and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native forests; b) financing of projects for technological innovation in rural properties, including energy generation from renewable sources, observed that energy must be destined exclusively for own use on the rural property; c) expansion, modernization, renovation, and construction of new warehouses.	Not applicable	0.0742494	6.83	6.78	0.28	+ FAM	0.24		+ FAM
Constitutional Fund of the North – FNO
1 - Investment, including associated working capital or capital	up to R$16.0 million	0.3161611	7.89	7.68	1.27	+ FAM	1.08		+ FAM
From R$16.0 to R$90 million	0.4930657	8.65	8.44	1.99	+ FAM	1.79		+ FAM
above R$90 million	0.6658353	9.39	9.25	2.68	+ FAM	2.55		+ FAM
2 - Working capital or capital and marketing	up to R$16.0 million	0.3700499	8.12	7.88	-		-
From R$16.0 to R$90 million	0.5653553	8.96	8.72	-		-
above R$90 million	0.7557784	9.78	9.61	-		-
3 - Operations destined to: a) financing of conservation and environmental protection projects, recovery of degraded or altered areas, recovery of native vegetation, and development of sustainable activities within the scope of Low Carbon Agriculture (ABC), and areas with certified national or international production of low emission or carbon neutrality, based on scientific evidence, provided that the project does not contemplate opening new areas from the suppression of native forests; b) financing of projects for technological innovation in rural properties, including energy generation from renewable sources, observed that energy must be destined exclusively for own use on the rural property; c) expansion, modernization, renovation, and construction of new warehouses.	Not applicable	0.0799609	6.87	6.82	0.32	+ FAM	0.27		+ FAM
(*) Post-fixed rate composed of a fixed part, plus the Monetary Update Factor (FAM).” (NR)

Art. 3 This Resolution enters into force on July 3, 2023.

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