Resolution CMN No. 4825 — Adjusts Rules for the Price Guarantee Program for Family Agriculture (PGPAF) under Pronaf

RESOLUTION NO. 4,825, OF JUNE 18, 2020
Adjusts the rules of the Price Guarantee Program for Family Agriculture (PGPAF), within the scope of the National Program for Strengthening Family Agriculture (Pronaf).

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 June 17, 2020, in accordance with Articles 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Article 3, § 3, of Law No. 11,326, of July 24, 2006, and Decree No. 5,996, of December 20, 2006,

R E S O L V E S:

Article 1. Section 15 (Price Guarantee Program for Family Agriculture - PGPAF) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the Rural Credit Manual (MCR) shall henceforth be in effect with the following alterations:

“8 - The value referring to the price guarantee discount bonus of the PGPAF, throughout the National System of Rural Credit (SNCR), from 7/1/2020, is limited to:
a) R$5,000.00 (five thousand reais), per borrower, per financial institution, per calendar year (calendar year), applied to the sum of the value referring to the discount bonus for operating operations; b) R$2,000.00 (two thousand reais), per borrower, per financial institution, per calendar year (calendar year), applied to the sum of the value referring to the discount bonus for investment operations.” (NR)

Article 2. The guaranteed prices contained in Tables 2 and 3 of Annex I – Tables of guaranteed prices for products covered by the PGPAF of Section 15 (Price Guarantee Program for Family Agriculture - PGPAF), of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the MCR shall henceforth be in effect with the alterations contained in the annex to this Resolution.

Article 3. This Resolution enters into force on July 1, 2020.

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

This text does not replace that published in the DOU of 6/19/2020, Section 1, p. 21, and in Sisbacen.

Resolution No. 4,825, of June 18, 2020 Page 2 of 3
Annex
Table 2 - Guaranteed prices in effect on operating and investment operations with maturity from 7/10/2020 to 7/9/2021

Products	Regions and States	Unit	Guaranteed Price (R$/unit)
Pineapple	Brazil	kg	0.64
Cotton lint	Northeast (except BA-Sul) and North	15 kg	72.00
Garlic	South	kg	7.44
	Center-West, Northeast and Southeast		6.06
Banana	Brazil (except SC and MT)	20 kg	17.76
	SC and MT		7.60
Rubber	Brazil	Kg	2.40
Cultivated Cocoa (kernel)	Center-West and North	kg	7.39
	Northeast and ES		7.39
Cashew nut	Northeast and North	kg	3.98
Arabica Coffee	Brazil	60 kg	364.09
Robusta Coffee	Brazil (except RO)	60 kg	242.31
	RO		210.13
Yerba Mate	South	kg	8.61
Sunflower	Center-West, Southeast, South	60 kg	57.12
Orange	Brazil	40.8 kg	15.53
Milk	Southeast and South	liter	1.08
	Center-West (except MT)		1.06
	North and MT		0.96
	Northeast		1.10
Castor bean (pod)	Brazil	60 kg	108.21
Honey	Brazil	kg	8.54
Corn	Northeast (except BA, MA and PI)	60 kg	24.89
Sisal (processed raw fiber)	BA, PB and RN	kg	2.55
Sorghum	Northeast	60 kg	19.07
Wheat	South	60 kg	43.39
	Southeast		47.74
	Center-West and BA		49.69
Triticale	Center-West, Southeast and South	60 kg	25.28

Resolution No. 4,825, of June 18, 2020 Page 3 of 3
Table 3 - Guaranteed prices in effect on operating and investment operations with maturity from 7/10/2020 to 1/9/2021

Products	Regions and States	Unit	Guaranteed Price (R$/unit)
Corn	North (except RO and TO)	60 kg	24.27
Sorghum	North (except RO and TO)	60 kg	19.07