Resolution No. 5,195

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

CMN RESOLUTION NO.

5,195, OF DECEMBER 19, 2024

Adjusts
norms applicable to financing of poultry, swine, and fish farming
operated under an integration regime.

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 December 19, 2024, based on Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, and Articles 4, 14, and 21 of Law No. 4,829, of November 5, 1965, and considering the provisions of Law No. 13,288, of May 16, 2016,

R E S O L V E D:

Art. 1 Section 6 (Poultry, Swine, and Fish Farming Operated Under an Integration Regime) of Chapter 4 (Special Agricultural Policy Objectives and Instruments) of the Rural Credit Manual – MCR shall enter into force with the following changes:

“1 Financing of operating expenses for poultry, swine, and fish farming operated under an integration regime is permitted, using Mandatory Resources, as provided in MCR 6-2, and uncontrolled resources, as provided in MCR 6-1-3, respecting the other general rural credit norms that do not conflict with the provisions of this section and the provisions set forth in Law No. 13,288, of May 16, 2016.” (NR)

“2 The budget, plan, or project must:

a) be prepared in line with the provisions set forth in Law No. 13,288, of May 16, 2016; and

b) contain a list discriminating individually, by name and registration number in the Individual Taxpayer Registry – CPF or Corporate Taxpayer Registry – CNPJ, the financing amount planned for each integrated party, observing that the total amount of credit granted to the integrator must be equal to the sum of these values.” (NR)

“4 In enterprises operated under an integration regime by agricultural production cooperatives, the provisions of Chapter 5 (Credit to Agricultural Production Cooperatives) of this manual apply.” (NR)

“5 The financial institution must ensure that the integration object of the financing complies with the requirements set forth in Law No. 13,288, of May 16, 2016, among them:

a) existence of an integration contract, observing the conditions set forth in Law No. 13,288, of May 16, 2016;

b) act, supporting document, or other formal record evidencing the existence and functioning of the Commission for Monitoring, Development, and Conciliation of Integration – Cadec, or similar, which may be meeting reports, minutes, or declaration issued by a responsible representative;

c) provision, in the integration system where technologies employed are defined and supervised by the integrator:

I - of a technical project for facilities and complementary works;

II - of a plan for disposal of packaging for pesticides, disinfectants, and veterinary products; and

III - of a management plan for other activity waste and final disposal of dead animals;

d) that the financial costs of inputs supplied in advance by the integrator are not higher than the interest rates raised;

e) existence of Pre-Contractual Information Document – DIPC, to be provided by the integrator prior to formalization of the integration contract;

f) existence of documentation proving that the parameters indicated by the integrator in the DIPC were validated by the Cadec in an economic-financial feasibility study of the technical projects.” (NR)

“6 For operations contracted from July 1, 2025, the financial institution will register, at the time of contracting, the list referred to in item “b” of item 2 in the System of Rural Credit and Proagro Operations – Sicor.” (NR)

“7 The credit instrument must provide, for purposes of possible inspection actions regarding these operations, the obligations of the integrator and the integrated parties regarding the need to conserve proof of:

a) acquisition of inputs;

b) provision of services; and

c) delivery of finished animals.” (NR)

Art. 2 Section 3 (Free) of Chapter 6 (Resources) of the MCR shall enter into force with the following changes:

“5 ............................................................................................................................

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k) Price Guarantee Financing for the Producer – FGPP and financing for activities of poultry, swine, and fish farming operated under an integration regime must observe the conditions established in MCR 4-1 and MCR 4-6, respectively.” (NR)

Art. 3 Section 7 (Agribusiness Letter of Credit – LCA) of Chapter 6 (Resources) of the MCR shall enter into force with the following changes:

“7 ............................................................................................................................

a) at least 50% (fifty percent) must be applied in rural credit operations, whereby, in the case of Price Guarantee Financing for the Producer – FGPP and financing for activities of poultry, swine, and fish farming operated under an integration regime, the conditions established in MCR 4-1 and MCR 4-6, respectively, must be observed;

.........................................................................................................................”
(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