CMN Resolution No. 5104 — Adjusts rules for rural credit operations under the Land Fund and Agrarian Reform and the National Program for Strengthening Family Agriculture (Pronaf)

RESOLUTION NO.

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

CMN RESOLUTION NO.
5,104, OF SEPTEMBER 28, 2023

Adjusts rules applicable to rural credit operations contracted under the Land Fund and Agrarian Reform and the National Program for Strengthening Family Agriculture (Pronaf).

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 a session held on September 28, 2023, in accordance with Arts. 4, item VI, of Law No. 4,595, of 1964, 4 and 14 of Law No. 4,829, of November 5, 1965, 48, § 2, of Law No. 8,171, of January 17, 1991, 3, § 3, of Law No. 11,326, of July 24, 2006, and 8 of Decree No. 11,585, of June 28, 2023,

R E S O L
V E D:

Art. 1 The additional condition provided for in item “a” of item 4 of Table 1 (Financial Charges for the Land Fund and Agrarian Reform More – MCR 4-7) of Section 2 (Land Fund and Agrarian Reform More) of Chapter 7 (Financial Charges and Credit Limits) of the Rural Credit Manual (MCR) shall enter into force with the following alteration:

“a) the risk of the financing shall be assumed by the financial institution or by the FTRA, or shared between both, in financings granted to beneficiaries classified under the conditions provided for in item 4.” (NR)

Art. 2 Credit for Share Capitalization – Pronaf Cotas-Partes (MCR 10-12) of Table 2 (Credit Limits for Financing under the National Program for Strengthening Family Agriculture – Pronaf, respecting the debt limits provided for in MCR 10-1-34) of Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 of the MCR shall enter into force with the following alterations:

“Credit for Share Capitalization – Pronaf Cotas-Partes (MCR 10-12)
1 - rural producer	R$60,000.00	a) limits per agricultural year; b) the same member may only maintain “active” up to 2 (two) contracts under this credit line; c) credit for cooperatives must observe the limit of R$60,000.00 per member with Active DAP or valid CAF-Pronaf who is a participant of the financed project.
2 - agricultural production cooperative	R$50,000,000.00

” (NR)

Art. 3 Section 18 (Transitional Norms) of Chapter 10 (National Program for Strengthening Family Agriculture – Pronaf) of the MCR shall enter into force with the following alterations:

“6 - Up to June 30, 2024, it is admitted, for agricultural production cooperatives that have, at least, 60% (sixty percent) and, at most, 74.99% (seventy-four whole and ninety-nine hundredths percent) of their active members classified as Pronaf beneficiaries, upon presentation of a list with the number of the active DAP or valid CAF-Pronaf of each member, access to the following credit lines, observing the conditions provided for each line and the credit limits defined below:

a) Investment Credit for Income Aggregation – Pronaf Agroindustry (MCR 10-6), legal entity - family agriculture cooperative: limit of R$35,000,000.00 (thirty-five million reais), respecting the limit of R$45,000.00 (forty-five thousand reais) per member with active DAP or valid CAF-Pronaf related in the DAP issued for the cooperative or in the cooperative’s RICAF, according to the technical project and the economic-financial feasibility study of the enterprise;

b) Industrialization Credit for Family Agroindustry – Pronaf Family Agroindustry Industrialization (MCR 10-11):

I - legal entity - singular family agriculture cooperative: limit of R$15,000,000.00 (fifteen million reais), observing the limit of R$45,000.00 (forty-five thousand reais) per member with active DAP or valid CAF-Pronaf related in the DAP or RICAF issued for the cooperative, according to the technical project and the economic-financial feasibility study of the enterprise;

II - legal entity - central family agriculture cooperative: limit of R$30,000,000.00 (thirty million reais), observing the limit of R$45,000.00 (forty-five thousand reais) per member related in the DAP or RICAF issued for the cooperative, relative to the products delivered by the singular cooperatives, as well as their storage, conservation, and sale, provided that the products have not been the object of financing granted to the same singular cooperatives under this line, respecting the technical project and the economic-financial feasibility study of the enterprise;

c) Credit for Share Capitalization by Pronaf Cooperativated Beneficiaries – Pronaf Cotas-Partes (MCR 10-12), agricultural production cooperative: limit of R$40,000,000.00 (forty million reais), respecting the limit of R$40,000.00 (forty thousand reais) per member with Active DAP or valid CAF-Pronaf participating in a financed project.” (NR)

“7 - Agricultural production cooperatives that contract financings under the conditions provided for in item 6 and that, during the 2023/2024 agricultural year, prove that they have reached the minimum percentage provided for in MCR 10-6-3 may obtain new credit, provided that the sum of the value of the operations contracted based on item 6 and the value of the new operation does not exceed the limits defined in Table 2 (Credit Limits for Financing under the National Program for Strengthening Family Agriculture – Pronaf, respecting the debt limits provided for in MCR 10-1-34) of Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 (Financial Charges and Credit Limits) of the MCR.” (NR)

Art. 4 This Resolution enters into force on the date of its publication.

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