CMN Resolution No. 5102 — Adjusts Rural Credit Manual (MCR) Rules

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

CMN RESOLUTION NO. 5,102, OF AUGUST 24, 2023

Adjusts rules of the Rural Credit Manual (MCR).

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 August 24, 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, Articles 48, 49, 59, 65-A and 66-A of Law No. 8,171, of January 17, 1991, and Article 4 of Decree No. 175, of July 10, 1991,

R E S O L V E D:

Article 1. Section 2 (Beneficiaries) of Chapter 1 (Preliminary Provisions) of the Rural Credit Manual (MCR) shall be amended as follows:

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b) medium producer: above R$500,000.00 (five hundred thousand reais) up to R$3,000,000.00 (three million reais);

c) large producer: above R$3,000,000.00 (three million reais).” (NR)

Article 2. Section 2
(Cost Credit) of Chapter 3 (Operations) of the MCR shall be amended as follows:

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b) with resources raised through the issuance of Agribusiness Credit Letters, provided they are applied in operations with freely agreed rates as referred to in MCR 6-7-7-A-“a”. ” (NR)

“6-A ‐ Subject to the conditions set forth in items 6-C and 6-D, cost credit operations contracted from October 2, 2023, shall have the interest rate reduced by at least 0.5 (zero point five) percentage points relative to the maximum interest rate applicable to the financing, in the event that the credit beneficiary proves that the rural property where the financed enterprise is located meets one of the following registration conditions in the CAR:

a) analyzed and in compliance with Law No. 12,651, of 2012;

b) analyzed and in compliance with the Environmental Regularization Program (PRA), established by Law No. 12,651, of 2012; or

c) analyzed and in compliance with Law No. 12,651, of 2012, potential for issuance of an Environmental Reserve Quota (CRA).” (NR)

Article 3. Section 3 (Free)
of Chapter 6 (Resources) of the MCR shall be amended as follows:

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b) observe the legislation and regulation regarding compliance with socio-environmental requirements and registration regularity applicable to the beneficiary or the property where the enterprise is located, as set forth in MCR 2-9;

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e) perform accounting and control of operations, as well as their monitoring and supervision, observing the provisions of MCR 2-7 and MCR 2-8;

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j) calculate the daily balances of rural credit operations with free resources as set forth in MCR 2-3-4 and MCR 2-3-5.” (NR)

“5-A

• The provisions of MCR 2-10 apply to operations with free resources referred to in this Section.” (NR)

Article 4. Section 4 (Financing for Coffee Acquisition – FAC) of
Chapter 9 (Coffee Economy Defense Fund – Funcafé) of the MCR shall be amended as follows:

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• The information referred to in item “h” of this Section must be maintained by financial institutions, linked to the respective operations,
  for the purpose of supervision by the Central Bank of Brazil.” (NR)

Article 5. Section
11 (Industrialization Credit for Family Agroindustry – Pronaf Industrialization of Family Agroindustry) of Chapter 10 (National Program for Strengthening Family Agriculture – Pronaf) of the MCR shall be amended as follows:

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• The granting of financing is conditioned on prior proof of the
  acquisition of raw materials directly from beneficiaries of the National Program for Strengthening Family Agriculture (Pronaf) or their cooperatives, respecting the provisions of item “a” of item 1, at a price not lower than the minimum fixed for products covered by the Price Guarantee Policy (PGPM) or to the reference prices referred to in MCR 3-4-26, when applicable.” (NR)

Article 6. Section
2 (Classification) of Chapter 12 (Agricultural Activity Guarantee Program – Proagro) of the MCR shall be amended as follows:

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b) in irrigated crops, including those grown in protected environments:

I - the specific Zarc for irrigated crops must be considered, when applicable;

II - compliance with the planting periods indicated in the Zarc for rain-fed crops is waived, with the instructions of the Official Technical Assistance and Rural Extension Institution (Ater) for the specific conditions of each agroecosystem to be observed;

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

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h)
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II - in financing to be granted within the scope of Pronaf, all CPFs of beneficiaries who are part of the family unit of the Declaration of Aptitude for Pronaf (DAP) or the National Registry of Family Agriculture (CAF-Pronaf) linked to the enterprise object of the credit proposal shall be considered;

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a) to the provisions previously established in this manual;

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

Article 7. Table 4 of Section 10
(Basic rates of the additional charge for classification of enterprise in Proagro and Proagro Plus) of Chapter 12 of the MCR shall be effective as per the annex to this Resolution.

Article 8. The following are revoked:

I - item “c” of item 7 of Section 6 (Reimbursement) of Chapter 2 (Basic Conditions) of the MCR; and

II - Article 3 of CMN Resolution No. 5,078, of June 29, 2023, in the part that adds item 6-A to Section 2 of Chapter 3 of the MCR.

Article 9. This Resolution enters into force:

I - on October 2, 2023, for item 6-A introduced in Section 2 of Chapter 3 of the MCR by Article 2 of this Resolution; and

II - on the date of its publication, for the remaining provisions.

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

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TITLE: RURAL CREDIT
CHAPTER: Agricultural Activity Guarantee Program (Proagro) - 12
SECTION: Basic rates of the additional charge for classification of enterprise in Proagro and Proagro Plus - 10

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Table 4 - Basic rates of the additional charge
for classification of enterprise in Proagro Plus from 1/7/2023.

Product	Proagro Plus Rates
Product of irrigated crop enterprise, including protected crops	6.00%
Product of enterprise cultivated in agroecological base production system or in transition to agroecological base system, according to standardization established by the Ministry of Agrarian Development and Family Agriculture (MDA) or in organic production systems, according to standardization established by the Ministry of Agriculture and Livestock (Mapa)	2.00%
Corn
1st crop	7.90%
2nd crop
Southern Region	10.40%
Other regions	7.40%
Soybeans	6.50%
Plum, Apple, Nectarine and Peach
Without structure for hail protection
Southern Region	12.00%
Other regions	10.00%
With structure for hail protection	6.00%
Wheat	11.90%
Oats, Barley and Canola
Southern and Southeastern Regions	10.00%
Other regions	10.00%
Beans
1st crop	3.00%
2nd crop	3.00%
3rd crop	3.25%
Vegetable crops	2.50%
Grapes	6.00%
Onions
Southern Region	11.20%
Other regions	6.00%
Sugar beets	6.00%
Sorghum	10.50%
Other crops in areas not zoned for the enterprise	5.00%
Other zoned crops	2.50%