CMN Resolution No. 5330 — Authorizes Rural Credit Lines for Debt Composition and Extension of Maturity

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 23, 2026, having regard to the provisions of Article 4, caput, item VI, of Law No. 4,595 of December 31, 1964, and Articles 1, caput, 2, caput and § 4, 5, caput, 6, sole paragraph, and 7 of Provisional Measure No. 1,376 of July 15, 2026,

RESOLVES:

Article 1. Financial institutions are authorized, at their discretion and decision, to contract a rural credit line for the composition of rural debts for the settlement or amortization of debts owed by the beneficiaries referred to in § 1 of this article, relating to:

I - rural credit operations for working capital, marketing, and industrialization that have been subject to renegotiation or extension until May 31, 2026 and are in a compliant status on the date of contracting this credit line, contracted with directed, free, controlled, and uncontrolled resources, under the National Program for Strengthening Family Agriculture – Pronaf, the National Program for Supporting the Medium Rural Producer – Pronamp, and other rural credit lines, including those contracted with resources from the Constitutional Funds;

II - rural credit operations for working capital, marketing, and industrialization contracted until December 31, 2025, even if they have been subject to renegotiation or extension, in a non-compliant status from January 1, 2024, and remaining non-compliant on May 31, 2026, contracted with directed, free, controlled, and uncontrolled resources, under Pronaf, Pronamp, and other rural credit lines; and

III - installments of rural investment credit operations, due or due between January 1, 2024, and December 31, 2026, provided that the following conditions are cumulatively met:

a) originating from operations contracted until December 31, 2025, with directed, free, controlled, and uncontrolled resources, under Pronaf, Pronamp, and other rural credit lines; and

b) having entered a non-compliant status from January 1, 2024, and remaining non-compliant on May 31, 2026.

§ 1. The beneficiaries of the credit line referred to in this article are rural producers and agricultural production cooperatives, in the capacity of rural producers, who have registered, between 2019 and 2025, losses in two or more harvests that resulted in a reduction of at least 30% (thirty percent) of the expected gross agricultural income for the respective harvest or activity financed by the operations that were renegotiated or will be settled.

§ 2. The income loss referred to in § 1 must have been caused by extreme weather events, such as flash floods, waterlogging, floods, hailstorms, heavy rains, tornadoes, cold waves, frosts, gales, droughts, or prolonged dry spells, or by a reduction in the marketing prices of their financed agricultural products.

§ 3. The proof of the loss referred to in § 1 must be carried out by a report issued by a qualified professional as set forth in item 3 of Section 3 (Technical Assistance) of Chapter 1 (Preliminary Provisions) of the Rural Credit Manual – MCR, observed that:

I - the financial institution may request a second report if there are indications of irregularity in the presented report, regarding the conditions for the classification of the operation; and

II - the technical report must demonstrate the direct relationship between the losses referred to in § 1 or § 7 and the non-compliant, extended, or renegotiated operations that will be settled or amortized with the new debt composition credit operation.

§ 4. The credit line referred to in this article must observe the following conditions:

I - credit limit:

a) up to R$400,000.00 (four hundred thousand reais), for family farmers classified under Pronaf;

b) up to R$2,000,000.00 (two million reais), for mini-producers, small, and medium rural producers classified under Pronamp;

c) up to R$4,000,000.00 (four million reais), for other rural producers; and

d) the credit limits referred to in items “a” to “c” are cumulative per borrower, in one or more operations contracted in one or more financial institutions;

II - financial charges:

a) 6% p.a. (six percent per annum), when referring to family farmers classified under Pronaf;

b) 9% p.a. (nine percent per annum), when referring to mini-producers, small, and medium rural producers classified under Pronamp; and

c) 12% p.a. (twelve percent per annum), for other rural producers;

III - repayment term: up to eight years, with interest payment during the grace period and with the maturity of the first principal amortization installment two years after the contracting date;

IV - contracting period: until November 12, 2026; and

V - credit risk of the operation: borne by the financial institutions.

§ 5. The beneficiary classified under Pronaf with operations or installments eligible under this article whose value exceeds the limit established in item I, item “a”, of § 4, may contract another credit operation for the settlement or amortization of the balance, up to the limit of R$600,000.00 (six hundred thousand reais), with the application of the financial charge provided for in item II, item “b”, of § 4.

§ 6. The beneficiary classified under Pronamp with operations or installments eligible under this article whose value exceeds the limit established in item I, item “b”, of § 4, may contract another credit operation for the settlement or amortization of the balance, up to the limit of R$2,000,000.00 (two million reais), with the application of the financial charge provided for in item II, item “c”, of § 4.

§ 7. Exceptionally, for rural producers and agricultural production cooperatives, in the capacity of rural producers, who have registered, between 2019 and 2025, losses in three or more harvests caused by extreme weather events, such as flash floods, waterlogging, floods, hailstorms, heavy rains, tornadoes, cold waves, frosts, gales, droughts, or prolonged dry spells, and which resulted in a reduction of at least 40% (forty percent) of the expected gross agricultural income for the respective harvest financed by the operations that were renegotiated or will be settled, proven by a report issued by a qualified professional, the credit line referred to in this article must also observe the following specific conditions:

I - credit limit:

a) up to R$500,000.00 (five hundred thousand reais), for family farmers classified under Pronaf;

b) up to R$2,500,000.00 (two million and five hundred thousand reais), for mini-producers, small, and medium rural producers classified under Pronamp; and

c) up to R$8,000,000.00 (eight million reais), for other rural producers;

II - financial charges:

a) 5% p.a. (five percent per annum), when referring to family farmers classified under Pronaf;

b) 8% p.a. (eight percent per annum), when referring to mini-producers, small, and medium rural producers classified under Pronamp;

c) 11% p.a. (eleven percent per annum), for other rural producers;

III - repayment term: up to ten years, with interest payment during the grace period and with the maturity of the first principal amortization installment two years after the contracting date;

IV - the beneficiary classified under Pronaf with operations or installments eligible under the caput of this article whose value exceeds the limit established in item I, item “a”, of this paragraph may contract another credit operation for the settlement or amortization of the balance, up to the limit of R$500,000.00 (five hundred thousand reais), with the application of the financial charge provided for in item II, item “b”, of this paragraph;

V - the beneficiary classified under Pronamp who holds operations or installments eligible under the caput of this article whose value exceeds the limit established in item I, item “b”, of this paragraph may contract another credit operation for the settlement or amortization of the balance, up to the limit of R$1,500,000.00 (one million and five hundred thousand reais), with the application of the financial charge provided for in item II, item “c”, of this paragraph;

VI - the credit limits referred to in item I, items “a” to “c”, of this paragraph are cumulative to the limits of item I of § 4, per borrower, in one or more operations carried out in one or more financial institutions; and

VII - in cases where the borrower qualifies simultaneously under § 1 and this paragraph, the maximum credit value per borrower referred to in this article, in one or more operations carried out in one or more financial institutions, cannot exceed the limit defined in item I, observed the provisions of items IV and V of this paragraph.

§ 8. When referring to rural credit operations backed by resources from the Constitutional Financing Funds of the Northeast – FNE, North – FNO, and Center-West – FCO, classified under the criteria established in items I, II, and III of the caput, contracted by beneficiaries who qualify under § 1 or § 7, the composition operation referred to in this article must maintain this source of resources and observe:

I - the conditions defined in items III and IV of § 4 and item III of § 7; and

II - the risk, interest rates, and credit limits for rural investment operations and other conditions applicable to the Constitutional Funds according to the sizes of rural producers in effect on the date of contracting.

§ 9. Respecting the percentages of exigibilities and sub-exigibilities defined in the MCR for each of the sources, in contracting the credit line referred to in this article, the financial institution:

I - may maintain backed by mandatory resources referred to in MCR 6-2 up to the total balance on July 22, 2026, of the operations settled or amortized that are backed by these resources;

II - may use uncontrolled directed resources or uncontrolled free resources, at its discretion, observing the interest rates defined in §§ 4 and 7; and

III - must observe the equalization limits established in a ordinance of the Ministry of Finance.

§ 10. In contracting the new operation whose beneficiaries are eligible under Pronaf or Pronamp, the use of resources from the source referred to in item I of § 9 must be prioritized.

§ 11. When referring to rural credit operations backed by resources from the Coffee Economy Defense Fund – Funcafé, classified under the criteria established in items I, II, and III of the caput, contracted by beneficiaries who qualify under § 1 or § 7, the composition operation referred to in this article must maintain this source of resources and observe the conditions defined in § 4 and § 7.

§ 12. When the beneficiary classified under the credit line referred to in this article is an agricultural production cooperative, in the capacity of rural producer, the credit limit may be up to R$50,000,000.00 (fifty million reais), observing the interest rate for other rural producers referred to in item II, item “c”, of § 4 or the interest rate for other rural producers referred to in item II, item “c”, of § 7, as applicable.

§ 13. For the purposes of this article, the harvests referred to in §§ 1 and 7 must be considered as calendar years.

§ 14. The contracting of the credit line referred to in this article for the settlement or amortization of the rural credit operations referred to in item I of the caput that have been contracted under:

I - resources of the Social Fund, referred to in Article 47-A of Law No. 12,351 of December 22, 2010; and

II - Provisional Measure No. 1,314 of September 5, 2025, is prohibited, except when referring to operations carried out with uncontrolled free resources and uncontrolled directed resources of the financial institutions, observing the limits per borrower established in item I of § 4 and item I of § 7 of this article, allowing the preservation, in the new operation, of the benefit for the calculation of presumed credit granted in the manner defined in Article 6 of Provisional Measure No. 1,314 of September 5, 2025.

§ 15. The provisions of this article do not apply to rural credit operations forwarded to the Union's Active Debt.

Article 2. Financial institutions are authorized, at their discretion and decision, to create a rural credit line, with free or directed resources of the financial institutions, intended for debt composition for the beneficiaries provided for in Article 1, § 1, for the settlement or amortization of debts that qualify under Article 1, caput, whose values exceed the limits provided for in Article 1.

§ 1. For the contracting of the credit line referred to in this article, financial institutions may use the following sources of free or directed resources:

I - Agribusiness Credit Letter – LCA;

II - Rural Savings – PR; or

III - other free resources.

§ 2. The credit line referred to in this article must observe the following conditions:

I - financial charges: free negotiation between the parties, with fixed or floating interest rates;

II - repayment term: up to eight years, with interest payment during the grace period and with the maturity of the first principal amortization installment two years after the contracting date;

III - contracting period: until November 12, 2026; and

IV - risk of the operation: borne by the financial institutions.

§ 3. The contracting of the credit line referred to in this article for the settlement or amortization of rural credit operations contracted under:

I - resources of the Social Fund, referred to in Article 47-A of Law No. 12,351 of December 22, 2010; and

II - Provisional Measure No. 1,314 of September 5, 2025, is prohibited.

§ 4. The operation referred to in this article may fulfill the exigibility of Rural Savings referred to in MCR 6-4-2 and of LCA referred to in MCR 6-7-2.

Article 3. The contracting of the financings referred to in Articles 1 and 2 of Provisional Measure No. 1,376 of July 15, 2026:

I - will not constitute an impediment for the contracting of new rural credit operations, observed the discretion and decision of the financial institution, nor a reason for the registration of the rural producer or production cooperative in restrictive registers; and

II - will not cover values settled or amortized until July 14, 2026, inclusive, even through indemnification by the Agricultural Activity Guarantee Program – Proagro or coverage by rural insurance policies.

Article 4. Financial institutions are authorized to extend, for up to thirty days, the maturities of principal and interest installments of rural credit operations in a compliant status on July 14, 2026, with maturities until August 14, 2026, observing the following conditions, cumulatively:

I - the operations must qualify under the criteria referred to in Article 1, caput, of Provisional Measure No. 1,376 of July 15, 2026;

II - the borrower must qualify under the criteria defined in Article 1, § 1 or § 7, of Provisional Measure No. 1,376 of July 15, 2026, and must request the contracting of one of the special financing lines referred to in Article 1 or Article 2 of Provisional Measure No. 1,376 of July 15, 2026; and

III - the operations must be corrected by normal contractual charges, the source of resources must be maintained, and the formalization of an amendment is waived.

Article 5. The contracting of the credit lines referred to in Articles 1 and 2 must observe the internal policies of the granting financial institution, and the contracted operations must have the classification of the financial asset risk evaluated as a new operation.

Sole Paragraph. In contracting the operations referred to in the caput, the possibility of reviewing the guarantees for their:

I - reduction, in case of excess; or

II - expansion, when insufficient to cover the new operation, is ensured.

Article 6. Rural Product Certificates – CPR with financial settlement issued by rural producers in the manner of Law No. 8,929 of August 22, 1994, for the settlement or amortization of CPR issued by rural producers in favor of financial institutions in the manner defined by Article 6 of Provisional Measure No. 1,376 of July 15, 2026, may fulfill the exigibility of Rural Savings referred to in MCR 6-4-11 and of LCA referred to in MCR 6-7-7-“b”.

Article 7. The rural producer or production cooperative that, through deliberate action or omission, presents, uses, or benefits from a report, technical report, declaration, or any other document containing false or fraudulent information to prove crop or income loss, with the purpose of obtaining the financings referred to in Provisional Measure No. 1,376 of July 15, 2026, will be subject, without prejudice to applicable civil, administrative, and criminal sanctions, to the following penalties:

I - immediate loss of the benefit eventually granted;

II - full restitution of the values received unduly, plus monetary update, legal interest, and other charges provided by law; and

III - prohibition from contracting subsidized rural credit operations or receiving public incentives for a period of up to five years, observed due legal process.

§ 1. The legally qualified professional who issues, signs, homologates, or validates a technical report, opinion, report, or document containing false, fraudulent, or incompatible information with the reality of the property or the crop or income loss will be jointly liable for the damages caused to the treasury, without prejudice:

I - to administrative sanctions applicable by the competent body or entity;

II - to communication to the respective professional council for the investigation of ethical infractions and application of applicable penalties; and

III - to civil liability for damages caused.

§ 2. The application of the penalties provided for in this article does not waive the obligation to fully repair the damages caused to the treasury and to the financial institutions.

Article 8. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO

President of the Central Bank of Brazil