CMN Resolution No. 5340 — Authorizes the composition of rural debts not covered by CMN Resolution No. 5,330

The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on September 4, 2026, considering the provisions of Article 4, caput, 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 5 of Law No. 10,186 of February 12, 2001,

RESOLVES:

Article 1. Financial institutions are authorized, at their convenience and decision, to create a rural credit line for the composition of the following debts arising from rural credit operations:

I - those extended in accordance with Article 4 of CMN Resolution No. 5,330 of July 23, 2026, which have entered a state of default after the thirty-day period provided for therein due to the non-formalization of the composition provided for in Article 1 of said CMN Resolution; or

II - those renegotiated or extended until May 31, 2026, which have a maturity date between August 15, 2026, and the date of publication of this Resolution and which entered a state of default during this period.

§ 1. The composition referred to in the caput must be contracted by November 12, 2026, and must observe:

I - the credit limits, financial charges, repayment terms, and other classification criteria and financing conditions provided for in Article 1 of CMN Resolution No. 5,330 of July 23, 2026;

II - the classification criteria and other provisions of Article 2 of CMN Resolution No. 5,330 of July 23, 2026, when applicable, for amounts exceeding the limits provided for in Article 1 of CMN Resolution No. 5,330 of July 23, 2026; and

III - the provisions of Articles 3 and 7 of CMN Resolution No. 5,330 of July 23, 2026.

§ 2. The credit limits taken under the auspices of this article, in one or more operations contracted in one or more financial institutions, are cumulative to the credit limits referred to in Article 1 of CMN Resolution No. 5,330 of July 23, 2026, provided that the sum of the amounts taken by the borrower in both credit lines cannot exceed the limits referred to in Article 1 of CMN Resolution No. 5,330 of July 23, 2026.

§ 3. The average balances of the operations referred to in this article used to meet the exigibilities and sub-exigibilities of Mandatory Resources (MCR 6-2) cannot, cumulatively, exceed the limit of 40% (forty percent) referred to in Article 1, § 9, item I, letter “b”, of CMN Resolution No. 5,330 of July 23, 2026; for compliance purposes, the balance exceeding said limit shall be disregarded.

Article 2. Financial institutions are authorized, at their convenience and decision, to create a rural credit line for the composition of the following debts arising from rural credit operations using uncontrolled free resources or uncontrolled directed resources, for the settlement or amortization of rural credit operations not covered by Article 1 of CMN Resolution No. 5,330 of July 23, 2026, or for which the controlled resources intended for the composition of said operations have been exhausted:

I - rural credit operations for working capital, marketing, and industrialization that have been the subject of renegotiation or extension until May 31, 2026, and are in a state of compliance 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 Support for 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 the subject of renegotiation or extension, in a state of default from January 1, 2024, and which remained in default 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 maturing 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 state of default from January 1, 2024, and which remained in default on May 31, 2026.

§ 1. Beneficiaries of the credit line referred to in this article are rural producers and agricultural production cooperatives, in the capacity of rural producer, 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, flooding, inundations, hailstorms, heavy rains, tornadoes, cold waves, frosts, gales, droughts, or 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, provided that:

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

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

§ 4. 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 date of contracting;

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

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

Article 3. The contracting of the credit lines referred to in Articles 1 and 2 shall observe the internal policies of the granting financial institution, and the contracted operations must have the financial asset risk classification evaluated as a new operation.

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

I - reduction, in case of excess; or

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

Article 4. The following rural credit operations contracted within the scope of the Constitutional Financing Funds of the Northeast – FNE, North – FNO, and Central-West – FCO, which are renegotiated in accordance with the terms defined in applicable legislation, must have the financial asset risk classification evaluated as a new operation, observing the other conditions provided for in Article 3:

I - working capital, marketing, and industrialization that have been the subject of renegotiation or extension in the period from June 1, 2026, to July 15, 2026, and are in a state of compliance on the date of contracting this credit line, contracted under Pronaf, Pronamp, and other rural credit lines; and

II - working capital, investment, marketing, and industrialization contracted until December 31, 2025, even if they have been the subject of renegotiation or extension, in a state of default from January 1, 2024, and which remained in default on July 15, 2026, contracted under Pronaf, Pronamp, and other rural credit lines.

Sole Paragraph. The provisions of this article apply to operations whose renegotiation in accordance with the terms defined in the MCR is carried out until October 31, 2026.

Article 5. This Resolution enters into force on the date of its publication.

AILTON DE AQUINO SANTOS
Acting President of the Central Bank of Brazil