RegAlert2024-04-08 | Resolução CMN 5127Added
CMN Resolution No. 5,127 — Adjusts Coverage Limits for Proagro with 40% and 30% Yield Loss Probability
The Central Bank of Brazil amends the Rural Credit Manual (MCR) to adjust Proagro coverage limits based on Climate Risk Agricultural Zoning (Zarc) probabilities, granting up to 100% coverage for 20% loss probability, 75% for 30%, and 50% for 40%. For enterprises classified from July 1, 2024, loss verification requires remote sensing tools to confirm crop emergence and Zarc compliance, with non-compliance leading to denied claims or deductions. These changes apply to agricultural undertakings and define specific technical verification procedures for loss reporting.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.
CMN RESOLUTION NO. 5,127, OF APRIL 8, 2024
Adjusts, within the scope of the Agricultural Activity Guarantee Program (Proagro), the coverage limits applicable to undertakings with a probability of yield losses due to adverse meteorological events equal to 40% (forty percent) and 30% (thirty percent), in accordance with recommendations from the Climate Risk Agricultural Zoning (Zarc).
The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on April 8, 2024, considering the provisions of Arts. 59, 65-A, and 66-A of Law No. 8,171, of January 17, 1991, and Art. 4 of Decree No. 175, of July 10, 1991,
Read the rest free, and get an email when BCB publishes again
Lineage: In force
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works