CMN Resolution No. 5329 Defines Financial Charges for Rural Financing with Constitutional Funds

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 an extraordinary session held on July 14, 2026, considering the provisions of Article 4, sole paragraph, item VI, of Law No. 4.595 of December 31, 1964, Articles 4 and 14 of Law No. 4.829 of November 5, 1965, and Article 1 of Law No. 10.177 of January 12, 2001,

R E S O L V E S:

Article 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:

“4- .....................................................................

.........................................................................

e) ......................................................................

I - eighty-five hundredths for rural producers and their production cooperatives with annual gross revenue up to R$4,800,000.00 (four million and eight hundred thousand reais), provided that the debt installment is paid by the respective due date;

II - eighty-five hundredths for rural producers and their production cooperatives with annual gross revenue above R$4,800,000.00 (four million and eight hundred thousand reais) up to R$16,000,000.00 (sixteen million reais), provided that the debt installment is paid by the respective due date;

III - ninety hundredths for rural producers and their production cooperatives with annual gross revenue above R$16,000,000.00 (sixteen million reais) up to R$90,000,000.00 (ninety million reais), provided that the debt installment is paid by the respective due date;

IV - ninety-five hundredths for rural producers and their production cooperatives with annual gross revenue above R$90,000,000.00 (ninety million reais), provided that the debt installment is paid by the respective due date; and

V - one whole, in other cases;

...................................................................” (New)

Article 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 15/7/2026 to 30/6/2027

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 working capital or associated capital

Up to R$4.8 million

0.4861598

9.46%

8.87%

3.76%

3.19%

From R$4.8 to R$16 million

0.5640607

10.10%

9.41%

4.36%

3.71%

From R$16 to R$90 million

0.7316440

11.47%

10.87%

5.66%

5.09%

Above R$90 million

0.8970760

12.82%

12.45%

6.93%

6.59%

2 - Working capital or capital for circulation and marketing

Up to R$4.8 million

0.5597329

10.06%

9.38%

From R$4.8 to R$16 million

0.6347487

10.68%

9.90%

From R$16 to R$90 million

0.7752429

11.82%

11.19%

Above R$90 million

0.9422525

13.18%

12.80%

3 - Operations destined to:

a) 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 certified national or international 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) financing of projects for technological innovation in 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

0.3808492

8.61%

8.14%

2.94%

2.50%

Constitutional Fund of the Northeast – FNE

1 - Investment, including working capital or associated capital

Up to R$4.8 million

0.4846270

8.03%

7.65%

2.40%

2.04%

From R$4.8 to R$16 million

0.5635198

8.44%

8.00%

2.79%

2.37%

From R$16 to R$90 million

0.7323252

9.32%

8.94%

3.62%

3.26%

Above R$90 million

0.8974794

10.18%

9.95%

4.44%

4.22%

2 - Working capital or capital for circulation and marketing

Up to R$4.8 million

0.5590116

8.42%

7.98%

From R$4.8 to R$16 million

0.6311421

8.79%

8.30%

From R$16 to R$90 million

0.7749023

9.54%

9.14%

Above R$90 million

0.9357987

10.38%

10.14%

3 - Operations destined to:

a) 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 certified national or international 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) financing of projects for technological innovation in 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

0.4553240

7.88%

7.52%

2.25%

1.91%

Constitutional Fund of the North – FNO

1 - Investment, including working capital or associated capital

Up to R$4.8 million

0.4879418

8.21%

7.80%

2.56%

2.18%

From R$4.8 to R$16 million

0.5643153

8.63%

8.16%

2.97%

2.52%

From R$16 to R$90 million

0.7313234

9.56%

9.15%

3.84%

3.46%

Above R$90 million

0.8921408

10.45%

10.20%

4.69%

4.45%

2 - Working capital or capital for circulation and marketing

Up to R$4.8 million

0.5621938

8.62%

8.15%

From R$4.8 to R$16 million

0.6258384

8.97%

8.45%

From R$16 to R$90 million

0.7814141

9.83%

9.40%

Above R$90 million

0.9490859

10.76%

10.50%

3 - Operations destined to:

a) 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 certified national or international 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) financing of projects for technological innovation in 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

0.4539980

8.02%

7.64%

2.39%

2.03%

(*) Post-fixed rate composed of the fixed part contained in the table, plus the Monetary Update Factor – FAM.” (New)

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

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil