CMN Resolution No. 5,155 Defines Financial Charges for Rural Financing with Constitutional Funds and Adjusts TRFC Calculation Methodology

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

Resolution No. 5,155

RESOLUTION

CMN No. 5,155, OF JULY 3, 2024

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 art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on July 2, 2024, considering the provisions of art. 4, caput, item VI, of Law No. 4,595, of December 31, 1964, arts. 4 and 14 of Law No. 4,829, of November 5, 1965, and art. 1 of Law No. 10,177, of January 12, 2001,

R E S O L V E S:

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 enter into force with the following alterations:

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Type of Operation	Annual Gross Revenue	Program Factors
FCO	FNE	FNO
Investment, including associated working capital or capital	Up to R$16 million	0.5315745	0.4352640	0.4479560
From R$16 to R$90 million	0.7802647	0.6852849	0.6975403
Above R$90 million	1.0247084	0.9293268	0.9409272
Working capital or capital and marketing	Up to R$16 million	0.6067130	0.5111349	0.5236017
From R$16 to R$90 million	0.8833760	0.6892302	0.7994610
Above R$90 million	1.1538521	1.0580553	1.0694937
Operations destined: a) to financing of projects for conservation and protection of the environment, 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 nationally or internationally certified 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 woods/forests; b) to financing of projects for technological innovation on rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	Any value	0.2350514	0.3655846	0.3286156

” (NR)

Art. 2. Section 8 (Constitutional Financing Funds) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

“Table 1: Financial Charges for Rural Financing with Resources from the Constitutional Financing Funds, contracted in the period from 1/7/2024 to 30/6/2025
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 million	0.5315745	8.14%	7.65%	3.14%	+ FAM	2.67%	+ FAM
from R$16 to R$90 million	0.7802647	9.69%	9.20%	4.61%	+ FAM	4.15%	+ FAM
above R$90 million	1.0247084	11.20%	10.88%	6.06%	+ FAM	5.75%	+ FAM
2 - Working capital or capital and marketing	up to R$16 million	0.6067130	8.61%	8.05%	-		-
from R$16 to R$90 million	0.8833760	10.32%	9.78%	-		-
above R$90 million	1.1538521	12.00%	11.64%	-		-
3 - Operations destined: a) to financing of projects for conservation and protection of the environment, 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 nationally or internationally certified 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 woods/forests; b) to financing of projects for technological innovation on rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	Not applicable	0.2350514	6.30%	6.08%	1.39%	+ FAM	1.18%	+ FAM
Constitutional Fund of the Northeast – FNE
1 - Investment, including associated working capital or capital	up to R$16 million	0.4352640	6.50%	6.25%	1.57%	+ FAM	1.33%	+ FAM
from R$16 to R$90 million	0.6852849	7.44%	7.18%	2.47%	+ FAM	2.22%	+ FAM
above R$90 million	0.9293268	8.36%	8.19%	3.35%	+ FAM	3.18%	+ FAM
2 - Working capital or capital and marketing	up to R$16 million	0.5111349	6.78%	6.49%	-		-
from R$16 to R$90 million	0.6892302	7.46%	7.19%	-		-
above R$90 million	1.0580553	8.85%	8.65%	-		-
3 - Operations destined: a) to financing of projects for conservation and protection of the environment, 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 nationally or internationally certified 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 woods/forests; b) to financing of projects for technological innovation on rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	Not applicable	0.3655846	6.23%	6.02%	1.32%	+ FAM	1.12%	+ FAM
Constitutional Fund of the North – FNO
1 - Investment, including associated working capital or capital	up to R$16 million	0.4479560	6.77%	6.48%	1.83%	+ FAM	1.55%	+ FAM
from R$16 to R$90 million	0.6975403	7.83%	7.53%	2.84%	+ FAM	2.56%	+ FAM
above R$90 million	0.9409272	8.87%	8.67%	3.84%	+ FAM	3.65%	+ FAM
2 - Working capital or capital and marketing	up to R$16 million	0.5236017	7.09%	6.75%	-		-
from R$16 to R$90 million	0.7994610	8.27%	7.93%	-		-
above R$90 million	1.0694937	9.42%	9.19%	-		-
3 - Operations destined: a) to financing of projects for conservation and protection of the environment, 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 nationally or internationally certified 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 woods/forests; b) to financing of projects for technological innovation on rural properties, including the generation of energy from renewable sources, observed that the energy must be destined exclusively for own use on the rural property; c) expansion, modernization, reform and construction of new warehouses.	Not applicable	0.3286156	6.25%	6.04%	1.34%	+ FAM	1.14%	+ FAM

(*) Post-fixed rate composed of a fixed part, plus the Monetary Update Factor (FAM).” (NR)

Art. 3. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA
GALÍPOLO
President of the
Central Bank of Brazil (substitute)