Resolution CMN No. 5,234 — Defines Financial Charges and Credit Limits for Credit Lines and Programs under Chapter 7 and Adjusts Rules for Rural Credit Interest Rate Calculation Methodology

Resolution No. 5,234

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

RESOLUTION CMN NO. 5,234, OF JULY 1, 2025

Defines the financial charges and credit limits for the credit lines and programs covered in Chapter 7 (Financial Charges and Credit Limits) and adjusts the rules of Section 4 (Methodology for calculating Rural Credit Interest Rates – TCR) of Chapter 2 (Basic Conditions) of the Manual of Rural Credit – MCR.

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 30, 2025, 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, Article 4, sole paragraph, of Decree No. 94,874, of September 15, 1987, Article 6 of Law No. 10,186, of February 12, 2001, and Article 3, §§ 3 and 4, of Law No. 11,326, of July 24, 2006,

R E S O L V E D:

Art. 1. Section 4 (Methodology for calculating Rural Credit Interest Rates – TCR) of Chapter 2 (Basic Conditions) of the Manual of Rural Credit – MCR shall enter into force with the following alterations:

“18 - ........................................................................................................................................

Effective interest rate (per year)	Program Factor
2.5% 3.0% 5.0% 8.0% 8.5% 10.0% 12.5% 13.5%	- 0.4788636 - 0.4180941 - 0.1750162 0.1896008 0.2503703 0.4326788 0.7365263 0.8580653

” (NR)

Art. 2. Section 1 (Financing without Linkage to a Specific Program) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

Table 1: Financial Charges for Financing without Linkage to a Specific Program
Purpose / Beneficiary	Effective interest rate up to (% p.a.)		Additional Conditions
Fixed-rate	Post-fixed (1)
1.1 - Operating Credits (MCR 3-2), Investment Credits (MCR 3-3), Marketing Credits (MCR 3-4), Industrialization Credits (MCR 3-5)
1 - Operating Credits (MCR 3-2), Marketing Credits (MCR 3-4), including those under the Special Financing for Stockpiling of Agricultural Products – FEE (MCR 3-4-11), and Industrialization Credits (MCR 3-5), with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization	14.0%	-	a) the provisions of MCR 3-2-6-A apply to operating credits contracted with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization.
2 - Investment Credits (MCR 3-3), when subsidized by the Union in the form of financial charge equalization – business investment	12.5%	5.69% + FAM	a) the post-fixed interest rate does not apply to financing with Rural Savings resources (MCR 6-4).
3 - Rural investment credit under the conditions applicable to the Agro-Industrial Investment Programs – InvestAgro (MCR 11), for all beneficiaries, in operations subsidized by the Union in the form of financial charge equalization	current financial charges for the Agro-Industrial Investment Programs – InvestAgro (MCR 7-7)	current financial charges for the Agro-Industrial Investment Programs – InvestAgro (MCR 7-7)	-
4 - all purposes, in rural credit operations with uncontrolled resources	-	-	a) financial charges freely agreed upon by the parties, observing that, in the case of Rural Savings resources, the basis should be: I - the basic remuneration applicable to savings deposits with an anniversary date on the day of signing the respective contract, plus effective interest rate; or II - fixed effective interest rate.

(1) Post-fixed interest rate composed of a fixed part plus the Monetary Update Factor – FAM.

Table 2: Credit Limits for Financing without Linkage to a Specific Program
Purpose / Beneficiary		Value		Additional Conditions
2.1 - Operating Credits (MCR 3-2)
1 - all beneficiaries		R$3,000,000.00		a) limit with controlled resources, per beneficiary, in each agricultural year and throughout the National System of Rural Credit – SNCR; b) credits for rural operating granted with resources: I - from regional financing constitutional funds; II - raised through the issuance of Agribusiness Credit Note (MCR 6-7) are not included in the calculation of the limit referred to in item “a”.
2 - poultry farming, swine farming, aquaculture, and fish farming operated under integration regime: exclusively with Mandatory Resources (MCR 6-2)		R$400,000,000.00		a) credit limit per integrator that is not classified as an agricultural production cooperative, per agricultural year and throughout the SNCR; b) the credit limit of R$240,000.00 (two hundred and forty thousand reais) per integrated rural producer, per agricultural year, per activity, and throughout the SNCR must be observed; c) the value contracted in accordance with item “b” impacts the limit referred to in item 1 and the credit limit of the National Program for Supporting Medium Rural Producers – Pronamp (MCR 7-4).
2.2 - Investment Credits (MCR 3-3)
1 - all beneficiaries, in operations with Mandatory Resources (MCR 6-2)		-		a) the use of Mandatory Resources for contracting investment operations is prohibited, except as provided in specific regulations.
2 - all beneficiaries for rural investment credit under the conditions applicable to the Agro-Industrial Investment Programs – InvestAgro (MCR 11) in operations subsidized by the Union in the form of financial charge equalization		current limits for the Agro-Industrial Investment Programs – InvestAgro (MCR 7-7)		-
3 - all beneficiaries, in operations subsidized by the Union in the form of financial charge equalization		R$1,000,000.00		a) limit per beneficiary and per agricultural year.
2.3 - Marketing Credits (MCR 3-4)
1 - Special Financing for Stockpiling of Agricultural Products – FEE and for discounting Rural Promissory Notes – DR and Rural Promissory Notes – NPR with Controlled Resources (MCR 6-1)		R$4,500,000.00		a) credit limit per borrower, cumulatively, in each agricultural year and throughout the SNCR, excluding marketing credits granted with resources from regional financing constitutional funds; b) the beneficiary may contract FEE for more than one product, provided that the limit per producer for each agricultural year is respected.
2 - FEE intended for seeds with Controlled Resources		R$25,000,000.00		a) limit per beneficiary, per agricultural year, and throughout the SNCR; b) the financing value cannot exceed the ceiling of 80% (eighty percent) of the quantity identified in the conformity term or seed certificate.
3 - Financing for processing and distribution of corn seeds, supervised or certified for seed producers (individuals and legal entities), according to MCR 4-2-11, with Controlled Resources		R$6,000,000.00		a) limit per beneficiary and agricultural year.
4 - Financing for Price Guarantee to the Producer – FGPP		none		a) the use of Mandatory Resources for contracting FGPP operations is prohibited, except as provided in specific regulations of this Manual.
5 - Financing for Price Protection in Futures and Options Market Operations with Controlled Resources (MCR 6-1):
I - rural producer		R$100,000.00		a) 100% (one hundred percent) of the value required in national commodity and futures exchanges, for the margin/daily adjustment account of the futures market, as well as for the value of premiums in the options market or over-the-counter market; b) respecting the maximum product quantities provided in MCR 4-5-1-“c”; c) independent of other limits established for marketing credits.
II - agricultural production cooperative		R$40,000.00 multiplied by the number of active members
2.4 - Industrialization Credits (MCR 3-5)
1 - rural producer for industrialization of agricultural products on their rural property	R$1,500,000.00			a) at least 50% (fifty percent) of the production to be processed or processed must be from the rural producer’s own production, from the production cooperative, or from members; b) limit per beneficiary, per agricultural year, and throughout the SNCR, excluding industrialization credits granted with resources from regional financing constitutional funds; c) according to Table 2 - Limits for Credits to Agricultural Production Cooperatives of the Section Credits to Agricultural Production Cooperatives (MCR 7-3).
2 - agricultural production cooperatives	R$400,000,000.00

Art. 3. Section 3 (Credits to Agricultural Production Cooperatives) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

Table 1: Financial Charges for Credits to Agricultural Production Cooperatives (MCR 5)
Purpose / Beneficiary		Effective interest rate up to (% p.a.)
1.1 - General and Marketing Credit (MCR 5-1)		14.0%
1.2 - Service to Members (MCR 5-2)		14.0%
1.3 - Integration of Partnership Shares (MCR 5-3)		14.0%
1.4 - Industrialization (MCR 5-5)		14.0%
Table 2: Limits for Credits to Agricultural Production Cooperatives (MCR 5)
Purpose / Beneficiary	Value	Additional Conditions
2.1 - General Provisions (MCR 5-1)
1 - General with Controlled Resources (MCR 6-1)	R$800,000,000.00	a) the credit limits granted to the same agricultural production cooperative under the Chapter Credits to Agricultural Production Cooperatives, unless otherwise specifically defined, refer to the sum of all financing with Controlled Resources, throughout the National System of Rural Credit – SNCR, per agricultural year; b) financing granted with resources: I - from the National Bank for Economic and Social Development – BNDES; II - from regional financing constitutional funds; and III - from the Coffee Economy Defense Fund – Funcafé are not counted towards this limit.
2 - Marketing (MCR 5-1-2-“b”-III): Rural Promissory Notes – DR, Rural Promissory Notes – NPR, Financing for Price Guarantee to the Producer – FGPP, and Financing for Coffee Acquisition – FAC	R$40,000,000.00	a) this limit considers the sum of the value of credits taken for the purposes of this item; b) in granting credits in the modalities of FGPP and FAC, the following limits must also be observed: I - 50% (fifty percent) of the annual capacity of the cooperative’s processing or industrialization unit; II - acquisition limit per producer established in the general regulations regarding these financings.
3 - Marketing (MCR 5-1-2-“b”-III): Futures and Options Market Operations	R$40,000.00 multiplied by the number of active members	a) 100% (one hundred percent) of the value required in national commodity and futures exchanges, for the margin/daily adjustment account of the futures market, as well as for the value of premiums in the options market or Over-the-Counter Market; b) respecting the maximum product quantities provided in MCR 4-5-1-“c”.
2.2 - Service to Members (MCR 5-2)
1 - marketing credit: advances to members for products delivered to the cooperative for sale	R$500,000.00	a) must follow the inflow flow of products into the cooperative, according to the cycle of members’ activities; b) limit per member, in the agricultural year and throughout the SNCR.
2 - operating credit for acquiring inputs for supply to members, for poultry farming, swine farming, aquaculture, and fish farming activities under integration regime	R$500,000.00	a) limit per member, in the agricultural year and throughout the SNCR.
3 - operating credit for acquiring inputs for supply to members, for other activities	R$500,000.00
4 - investment credit for acquiring goods for supply to members, for use in agricultural production activities, such as machinery, equipment, agricultural utensils, animals, and inputs for intensive soil correction and other goods eligible for investment credit	R$50,000.00	a) limit per member, in the agricultural year and throughout the SNCR.
5 - investment credit for acquiring goods for providing services exclusively in rural operations, such as machinery, equipment, agricultural utensils, and pure or high-lineage male breeders and other goods eligible for investment credit	R$40,000,000.00	a) limit per agricultural year, respecting the ceiling of R$20,000.00 per active member.
2.3 - Integration of Partnership Shares (MCR 5-3)	R$800,000,000.00	a) respecting the general limit provided in item 1 of the General Provisions of this table.
2.4 - Industrialization (MCR 5-5)	R$400,000,000.00	a) per agricultural year and throughout the SNCR; b) respecting the general limit provided in item 1 of the General Provisions of this table.

Art. 4. Section 4 (National Program for Supporting Medium Rural Producers – Pronamp) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

Table 1: Financial Charges for Financing of the National Program for Supporting Medium Rural Producers – Pronamp (MCR 8)
Purpose / Beneficiary	Effective interest rate up to (% p.a.)
Fixed-rate	Post-fixed(1)
1.1 - Operating Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	10.0%	a) the provisions of MCR 3-2-6-A apply to operating credits contracted with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization.
1.2 - Investment Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	10.0%	3.34% p.a. + FAM

(1) Post-fixed interest rate composed of a fixed part plus the Monetary Update Factor – FAM.

Table 2 - Credit Limits for Financing of the National Program for Supporting Medium Rural Producers – Pronamp
Beneficiary / Purpose	Value per beneficiary, in each agricultural year and throughout the National System of Rural Credit – SNCR	Additional Conditions
2.1 - Operating Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	R$1,500,000.00	a) the financial institution may grant operating credits to Pronamp beneficiaries under other lines with controlled resources, observing the financial charges and other current conditions for the respective credit line, respecting the limit per beneficiary of R$1,500,000.00 with controlled resources in the SNCR.
2.2 - Investment Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	R$600,000.00	a) per agricultural year; b) investment credit for collective enterprise must observe the individual limit of each participant.

Art. 5. Section 5 (Coffee Economy Defense Fund – Funcafé) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

Table 1: Financial Charges for Financing with Resources from the Coffee Economy Defense Fund – Funcafé
Beneficiary / Purpose			Effective fixed interest rate up to (% p.a.)
1.1 - Operating Credit (MCR 9-2)
1 - Coffee grower and agricultural production cooperative			13.0%
1.2 - Marketing Credit (MCR 9-3)
1 - Coffee grower and agricultural production cooperative			13.0%
1.3 - Financing for Coffee Acquisition – FAC (MCR 9-4)
1 - Coffee roasting industry, soluble coffee industries, processors, and exporters			14.5%
2 - Coffee growers’ cooperatives that perform processing, roasting, or export activities of coffee			14.5%
1.4 - Credit for Options Contracts and Operations in Futures Markets (MCR 9-5)
1 - Coffee grower and agricultural production cooperative			13.0%
1.5 - Credit for Working Capital for Soluble Coffee and Coffee Roasting Industries and for Production Cooperatives (MCR 9-6)
1 - Soluble coffee industry, Coffee roasting industry, and agricultural production cooperative			14.5%
1.6 - Credit for Recovery of Damaged Coffee Groves (MCR 9-7)
2 - Coffee grower with minimum loss of 10% of the crop due to weather events			13.0%
Table 2: Credit Limits for Financing with Resources from the Coffee Economy Defense Fund – Funcafé
Purpose / Beneficiary	Value per agricultural year	Additional Conditions
2.1 - Operating Credit (MCR 9-2)
1 - Coffee grower	R$3,000,000.00	a) the limit considers all values taken for operating with Controlled Resources (MCR 6-1) throughout the National System of Rural Credit – SNCR; b) respecting the individual limit of R$500,000.00 per active member of the production cooperative.
2 - Production cooperative	R$50,000,000.00
2.2 - Marketing Credit (MCR 9-3)
1 - Coffee grower	R$4,500,000.00	a) the limit considers, cumulatively, all values taken for marketing with Controlled Resources, in each harvest and throughout the SNCR; b) for credit to production cooperatives, the limit of R$4,500,000.00 per active member must be observed.
2 - Production cooperative	50% of the annual processing or industrialization capacity, per cooperative of rural producers that processes or industrializes the product
2.3 - Financing for Coffee Acquisition – FAC (MCR 9-4)
1 - Coffee roasting industry, soluble coffee industries, processors, exporters	R$40,000,000.00	a) respecting the limit of 50% (fifty percent) of the annual processing or industrialization capacity; b) observing the provisions of item 2 of the General Provisions of Table 2: Limits for Credits to Agricultural Production Cooperatives (MCR 7-3).
2 - Coffee growers’ cooperatives that perform processing, roasting, or export activities of coffee
2.4 - Credit for Options Contracts and Operations in Futures Markets (MCR 9-5)
1 - Coffee grower	R$80,000.00	a) independent of the limits of other financing lines with Funcafé resources or other sources of rural credit.
2 - Production cooperative	R$40,000.00 per active member who deposited coffee production in the cooperative for price protection
2.5 - Credit for Working Capital for Soluble Coffee and Coffee Roasting Industries and for Production Cooperatives (MCR 9-6)
1 - Soluble coffee industry	R$40,000,000.00	-
2 - Coffee roasting industry	R$5,000,000.00	-
3 - Production cooperative	R$50,000,000.00	a) the financing must observe the limit of 25% (twenty-five percent) of the volume of coffees, per harvest, received by September 30 of each year, multiplied by the prevailing minimum price.
2.6 - Credit for Recovery of Damaged Coffee Groves (MCR 9-7)
1 - Coffee grower with minimum loss of 10% (ten percent) of the crop due to weather events:		a) the limit may consider the area of more than one property.
a) uprooting	R$750,000.00	a) limited to R$25,000.00 per hectare of coffee crop to be recovered.
b) cutting	R$300,000.00	a) limited to R$6,000.00 per hectare of coffee crop to be recovered.
c) skeletonization	R$750,000.00	a) limited to R$15,000.00 per hectare of coffee crop to be recovered.
d) coppicing	R$750,000.00	a) limited to R$18,000.00 per hectare of coffee crop to be recovered.

Art. 6. Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall enter into force with the following alterations:

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Table 1: Financial Charges for Financing under the National Program for Strengthening Family Agriculture – Pronaf
Purpose / Beneficiary			Effective Interest Rate up to (% p.a.)					Compliance Bonus and Additional Conditions
Fixed Rate	Post-fixed(1)
1.1 - Credit for Beneficiaries of PNCF, PNRA, and PCRF and for Indigenous and Quilombola People (MCR 10-3)
1 - Working Capital Credit: beneficiaries classified in Group "A/C"			1.5%	-				-
2 - Investment Credit: beneficiaries classified in Group "A" whose financing project does not include remuneration for technical assistance			0.5%	-				a) compliance bonus of 40% (forty percent) on each principal installment paid by its due date.
3 - Investment Credit: beneficiaries classified in Group "A" whose financing project includes remuneration for technical assistance			0.5%	-				a) compliance bonus of 42.857% (forty-two and five hundred fifty-seven thousandths percent) on each principal installment paid by its due date.
4 - Credit for agricultural production cooperatives of family farming defined in MCR 10-3-1-A			3.0%	-
1.2 - Working Capital Credit (MCR 10-4)
1 - sociobiodiversity products: abiu, blackberry, andiroba, araticum, araçá, araçá-boi, araçá-pera, aroeira-pimenteira, ariá, arumbeva, extractive açaí, babaçu, bacaba, bacupari, bacuri, baru, cream potato, purslane, biribá, extractive rubber, buriti, butiá, extractive cocoa, cagaita, cajá, cashew, cerrado cashew, cambuci, cambui, camu-camu, Amazonian yam, spiny yam, carnaúba, Brazil nut/Brazil nut, cutia nut, chicken nut, Rio Grande cherry, chichá, caboclo chicory, sour coconut, copaíba, croá, cubiu, cupuaçu, yerba mate, physalis, mountain guava, guabiroba, guarana, grumixama, gueroba, jaborandi, jabuticaba, jaracatiá, jambu, jatobá, jenipapo, juçara, licuri, macaúba, major-gomes, mandacaru, mangaba, mapati, mini cucumber, murici, murumuru, ora-pro-nóbis, mangrove oyster, patauá, pajurá, pequi, peperomia, cerrado pear, piassava, pine nut, managed pirarucu, pitanga, pupunha, puxuri, sapote, seven-capotes, sorva, taioba, taperebá, tucumã, umari, umbu, urucum, uvaia, uxi and meliponiculture; 2 - products inserted in agroecological-based production systems or in transition to agroecological-based systems, according to methodology defined in a ordinance of the Ministry of Agrarian Development and Family Agriculture – MDA; 3 - organic production systems, according to Ordinance No. 52, of March 15, 2021, of the Ministry of Agriculture and Livestock – Map;			2.0%
4 - cultivation of rice, beans, cowpea, cassava, wheat, peanut, garlic, tomato, onion, yam, sweet potato, potato, pineapple, banana, cultivated açaí, cultivated cocoa, orange, tangerine, vegetables, medicinal, aromatic and condimental herbs; 5 - cultivation of corn, whose operations summed up reach a value of up to R$25,000.00 per borrower in each agricultural year; 6 - livestock working capital for beekeeping, dairy cattle farming, laying poultry farming, aquaculture and fishing, sheep and goat farming and ecologically sustainable extractive exploration;			3.0%	-				a) for collective operations, the effective interest rate will be determined by the individual value obtained by the criterion of proportional participation.
7 - acquisition of animals intended for rearing and fattening; operations intended for corn cultivation that, summed up, exceed the value of R$25,000.00, per borrower in each agricultural year; and other crops and breeding not classified in the previous purposes;			6.5%	-
8 - cultivation of soy, cotton and beef cattle farming.			8.0%	-
1.3 - Investment Credit – Pronaf Mais Alimentos (MCR 10-5)
1 - acquisition, installation or expansion related to: a) protected cultivation structures, including automation equipment for these crops; b) silos, warehouses and cold rooms intended for storing grains, fruits, tubers, bulbs, vegetables and fibers; c) milk cooling tanks and milking machines, d) aquaculture and fishing; e) semen, ova and embryos for genetic improvement of dairy cattle, including regarding artificial insemination and embryo transfer services; f) free-range laying poultry farming; g) goat and sheep farming; h) items related to connectivity systems in the countryside; and i) equipment adapted for people with disabilities, including all-terrain motorized wheelchairs			3.0%	-3.23 + FAM				-
2 - acquisition of machines, implements and equipment, including for irrigation systems, connectivity in the countryside and adapted for people with disabilities, including all-terrain motorized wheelchairs, by beneficiaries whose annual gross family income, as defined in MCR 10-2-1-"f", is less than R$150,000.00			2.5%	-3.70% + FAM				a) the credit limit of R$100,000.00 provided for in item 2.3-4 of Table 2 must be observed
3 - acquisition of tractors and associated implements, self-propelled combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing			5.0%	-1.35% +FAM				-
4 - family farming cooperative, as defined in MCR 10-6-3: service to members, in projects intended for cattle farming for financing: a) milk cooling tanks and milking machines; b) semen, ova and embryos for genetic improvement of bovine cattle, including regarding artificial insemination and embryo transfer services; c) formation and recovery of pastures, hayfields and other forage species, production and conservation of forage, silage and hay intended for animal feed; and d) acquisition of tractors and associated implements, provided they are intended for the purposes defined in letter "c".			8.0%	1.47% + FAM				-
5 - other enterprises and purposes of the Program			8.0%	1.47% + FAM
1.4 - Investment Credit – Pronaf Agroindustry (MCR 10-6)
1 - all beneficiaries and purposes of the Credit Line			8.0%	1.47% + FAM				-
1.5 - Investment Credit – Pronaf Floresta (MCR 10-7)
1 - all beneficiaries and purposes of the Credit Line			3.0%	-3.23% + FAM				-
1.6 - Investment Credit for Adaptation to Climate Change and Coexistence with the Semi-Arid Region – Pronaf Semiárido (MCR 10-8)
1 - all beneficiaries and purposes of the Credit Line			3.0%	-3.23% + FAM				-
1.7 - Investment Credit – Pronaf Mulher (MCR 10-9)
1 - beneficiaries classified in Groups "A", "A/C" and "B", including financing projects that adopt the methodology of the National Program for Guided Productive Microcredit – PNMPO			0.5%	-				a) the compliance bonuses established in letters "a" or "b" of Pronaf Rural Productive Microcredit (Group "B") of this table apply.
2 - beneficiaries whose annual gross family income, as defined in MCR 10-2-1-"f", is less than R$150,000.00: acquisition of machines, implements and equipment, including for irrigation systems, connectivity in the countryside and adapted for people with disabilities, including all-terrain motorized wheelchairs			2.5%	-				a) the credit limit of R$100,000.00 provided for in item 2.7-3 of Table 2 must be observed
3 - beneficiaries whose annual gross family income, as defined in MCR 10-2-1-"f", is higher than the income for classification in Group "B" and less than R$150,000.00, who do not hire permanent salaried workers: other purposes			3.0%	-
4 - other beneficiaries: a) adoption of conservationist practices for the use, management and protection of natural resources, including correction of soil acidity and fertility and acquisition, transport and application of inputs for these purposes; b) formation and recovery of pastures, hayfields and other forage species, production and conservation of forage, silage and hay intended for animal feed; c) implementation, expansion and renovation of water capture, storage and distribution infrastructure, including acquisition and installation of water reservoirs, electrical infrastructure and equipment for irrigation; d) acquisition, installation or expansion related to: I - protected cultivation structures, including automation equipment for these crops; II - silos, warehouses and cold rooms intended for storing grains, fruits, tubers, bulbs, vegetables and fibers; III - milk cooling tanks and milking machines; IV - aquaculture and fishing; V - semen, ova and embryos for genetic improvement of dairy cattle, including regarding artificial insemination and embryo transfer services; e) ecologically sustainable extractive exploration.			3.0%	-3.23% + FAM				-
5 - other beneficiaries: acquisition of tractors and associated implements, combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing			5.0%	-1.35% +FAM
6 - other beneficiaries: other enterprises and purposes of the Program			8.0%	1.47% + FAM				-
1.8 - Investment Credit – Pronaf Jovem (MCR 10-10)
1 - beneficiaries classified in Groups "A", "A/C" and "B", including financing projects that adopt the methodology of the National Program for Guided Productive Microcredit – PNMPO			0.5%	-				a) the compliance bonuses established in letters "a" or "b" of Pronaf Rural Productive Microcredit (Group "B") of this table apply.
1 - all purposes and beneficiaries of the Credit Line			3.0%	-3.23% + FAM				-
1.9 - Industrialization Credit – Pronaf Industrialization of Family Agroindustry (MCR 10-11)
1 - all purposes and beneficiaries of the Credit Line			8.0%	-				-
1.10 - Credit for Integration of Partnership Shares – Pronaf Partnership Shares (MCR 10-12)
1 - all purposes and beneficiaries of the Credit Line			8.0%	-				-
1.11 - Investment Credit – Pronaf Rural Productive Microcredit – Group “B” (MCR 10-13)
1 - all purposes and beneficiaries of the Credit Line			0.5%	-				a) compliance bonus of 25% (twenty-five percent) on each debt installment paid by its due date; b) compliance bonus of 40% (forty percent) on each debt installment paid by its due date when the PNMPO methodology is adopted and only for financing intended for enterprises located in the semi-arid region of the coverage area of the Superintendency for the Development of the Northeast – Sudene and in the area of operation of the Superintendency for the Development of the Amazon – Sudam, and only when the project involves financing of items related to the following actions: I - productive systems with water reserve; II - productive systems with food reserve for animals; III - recovery and strengthening of regional food crops; IV - recovery and strengthening of cattle farming and small breeding; V - agroindustry for diversification and value addition to production; VI - irrigated agriculture; VII - agroecological or organic production systems; VIII - ecologically sustainable extractive exploration; IX - productive backyards, as defined by Decree No. 11.642, of August 16, 2023, and in norms established by the Ministry of Agrarian Development and Family Agriculture – MDA.
1.13 - Investment Credit – Pronaf Agroecology (MCR 10-14)
1 - all purposes and beneficiaries of the Credit Line			3.0%	-3.23% + FAM				-
1.14 - Investment Credit – Pronaf Bioeconomy (MCR 10-16)
1 - for silviculture, understanding silviculture as the act of implanting or maintaining forest plantations generating different products, timber and non-timber; and			8.0%	1.47% + FAM				-
2 - for other purposes			3.0%	-3.23% + FAM				a) financing for the acquisition of tractors and associated implements, combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing, when related to the enterprises and purposes of this item, must observe the financial charge defined in item 1.
1.15 - Investment Credit – Pronaf Guided Productive (MCR 10-17)
1 - all purposes and beneficiaries of the Credit Line			3.0%	-3.23% + FAM				a) fixed compliance bonus of R$4,500.00, which can be increased to R$6,000.00 when the credit is intended for financing of enterprises in municipalities of the North region, granted proportionally to each debt installment (principal and charges) paid by the due date.
Table 2 - Credit Limits for Financing under the National Program for Strengthening Family Agriculture – Pronaf, respecting the debt limits defined in MCR 10-1-34
Purpose/Beneficiary			Value					Additional Conditions
2.1 - Credits for Beneficiaries of PNCF, PNRA and PCRF and for Indigenous and Quilombola People (MCR 10-3)
1 - Working Capital Credit: beneficiaries classified in Group "A/C"			R$20,000.00					a) limit per agricultural year; b) the same beneficiary can contract only 3 (three) working capital credits under this line; c) after reaching the limit of 3 (three) operations, the beneficiary who chooses to contract a new working capital credit under Pronaf is subject to the conditions provided for other Pronaf working capital lines.
2 - Investment Credit: beneficiaries classified in Group "A" whose financing project does not include remuneration for technical assistance			R$50,000.00					a) total limit per beneficiary; b) this limit can be divided into up to 3 (three) operations, according to the technical project, upon proof of payment capacity and, in case of more than one operation, the normal situation and correct application of resources of the previous operation; c) the sum of credits is limited to the maximum limit in effect at the time of the first operation; d) after reaching the operation limit defined in items 2 or 3, the beneficiary who chooses to contract a new investment credit under Pronaf is subject to the conditions provided for other Pronaf investment lines.
3 - Investment Credit: beneficiaries classified in Group "A" whose financing project includes remuneration for technical assistance			R$52,500.00
4 - Credit for agricultural production cooperatives of family farming defined in MCR 10-3-1-A			R$1,000,000.00					a) total limit per agricultural year for each cooperative, applicable to one or more working capital or investment operations, considering one or more financial institutions; b) the limit of R$20,000.00 per associate classified in Pronaf according to MCR 10-2-3-"a" and "c" criteria, listed in the National Registry of Family Agriculture – Ricaf, must be observed, regardless of the limits established in Table 2.1 - Credits for Beneficiaries of PNCF, PNRA and PCRF and for Indigenous and Quilombola People (MCR 10-3) of MCR 7-6; c) to access new credit operations of this line, the cooperative must be in compliance with the National Rural Credit System – SNCR.
2.2 - Working Capital Credit (MCR 10-4)
1 - all Pronaf beneficiaries, except those classified in groups "A" and "A/C"			R$250,000.00					a) limit per agricultural year; b) within the financing limit defined in this item, the borrower can contract a new working capital operation in the same harvest, provided that the subsequent credit is intended for a different crop than the previously financed one or for livestock working capital operations; c) the following are not counted for the purpose of classification in this limit: I - financing contracted under the Pronaf Family Agroindustry Working Capital line (MCR 10-11); II - expenses defined in MCR 2-3-1; III - financing intended for working capital of tobacco cultivation carried out outside the scope of Pronaf.
2.3 - Investment Credit – Pronaf Mais Alimentos (MCR 10-5)
1 - construction or renovation of housing in a rural property owned by the borrower or a third party			R$100,000.00					a) limit per agricultural year; b) when construction or renovation occurs on a third-party property, the Individual Taxpayer Registry – CPF numbers of both must appear in a valid Pronaf Family Agriculture Registry – CAF document showing Pronaf classification according to MCR 10-2 criteria, noting that each borrower can have only one "pending" operation for this purpose; that the economic viability of activities developed in the borrower's productive unit for credit payment must be defined in the technical project; and that, in case the financing object is carried out on a third-party rural property, the owner must guarantee the credit operation and agree to formally cede to the borrower the location of construction or the housing to be renovated, for a period of not less than 25 (twenty-five) years.
2 - pig farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming			R$450,000.00					a) limit per agricultural year; b) financing of renovation, including for accessibility adaptations, or expansion of permanent improvements and installations, machines, equipment, including irrigation, and agricultural implements and storage structures, for common use, is admitted in the form of collective credit, provided that the individual limit per participating beneficiary is observed and that the sum of the values of individual operations and the beneficiary's participation in the collective operation does not exceed the limit of up to R$450,000.00 for pig farming, poultry farming, aquaculture, crustacean farming and fruit farming per beneficiary and per agricultural year, or up to R$250,000.00 for other enterprises and purposes; c) in operations to serve members, the following must also be observed: I - the limit of R$50,000.00 per associate with a valid CAF showing Pronaf classification according to MCR 10-2 criteria, listed in the cooperative's Ricaf, according to the technical project and the economic-financial feasibility study of the enterprise; and II - the provisions of MCR 5-1-4 and MCR 5-2-13, depending on the purpose of the investment credit; d) the individual credit limit of R$50,000.00, related to operations to serve members, is independent of the limits for individuals or legal entities under this line.
3 - land regularization of the rural property			R$30,000.00
4 - acquisition of machines, implements and equipment, including for irrigation systems, connectivity in the countryside and adapted for people with disabilities, including all-terrain motorized wheelchairs for beneficiaries whose annual gross family income, as defined in MCR 10-2-1-"f", is less than R$150,000.00			R$100,000.00
5 - family farming cooperative, as defined in MCR 10-6-3: service to members, in projects intended for cattle farming for financing: a) milk cooling tanks and milking machines; b) semen, ova and embryos for genetic improvement of bovine cattle, including regarding artificial insemination and embryo transfer services; c) formation and recovery of pastures, hayfields and other forage species, production and conservation of forage, silage and hay intended for animal feed; and d) acquisition of tractors and associated implements, provided they are intended for the purposes defined in letter "c"			R$8,000,000.00
6 - other enterprises and purposes			R$250,000.00
2.4 - Investment Credit – Pronaf Agroindustry (MCR 10-6)
1 - individual			R$210,000.00					a) limit per agricultural year; b) in the case of a rural family enterprise, the individual limit of R$210,000.00 per co-owner or partner must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; c) in the case of a family farming cooperative, the limit of R$75,000.00 per associate with a valid CAF showing Pronaf classification according to MCR 10-2 criteria, listed in the cooperative's Ricaf, must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; d) the individual credit limit of R$75,000.00, related to operations with cooperatives, is independent of the limits for individuals or legal entities under this line; e) other conditions: I - up to 30% (thirty percent) of the financing value can be destined for investment in the agricultural production subject to benefit, processing or marketing; II - up to 15% (fifteen percent) of the financing value of each agroindustrial unit can be applied to the central management support unit, in the case of network agroindustry projects, or, when it is the case of isolated agroindustries, for payment of services such as accounting, product development, quality control, technical, managerial and financial assistance; III - it is admitted that, in the individual investment plan or project, there is provision for the use of part of the financing resources for collective use enterprises.
2 - legal entity - rural family enterprise: milk producer condominium			R$8,000,000.00

3 - legal entity - rural family enterprise: other purposes			R$450,000.00
4 - legal entity - family agriculture cooperative, including those governed by MCR 10-18-14			R$50,000,000.00
2.5 - Investment Credit – Pronaf Floresta (MCR 10-7)
1 - exclusively for agroforestry system projects, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$100,000.00						a) limit per agricultural year; b) the same family production unit may contract up to 2 (two) loans under the Pronaf Floresta; c) the second loan is conditioned on the payment of at least 2 (two) installments of the first loan and the submission of a technical assistance report confirming the regularity of the financed enterprise and its payment capacity; d) for beneficiaries classified in Groups “A”, “A/C” and “B”, the option provided in MCR 10-1-23 regarding the risk of the operation applies.
2 - purchase of machinery, equipment, and implements linked to the purposes described in MCR 10-7-1-"b", for beneficiaries whose annual gross family income, as defined in MCR 10-2-1-“f”, is less than R$150,000.00, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$60,000.00
3 - other purposes, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$40,000.00
4 - beneficiaries classified in Groups “A”, “A/C” and “B”: all purposes			R$25,000.00
2.6 - Investment Credit for Adaptation to Climate Change and Coexistence with the Semi-Arid Region – Pronaf Semiárido (MCR 10-8)
1 - purchase of machinery, implements, and equipment, including equipment adapted for people with disabilities, including motorized all-terrain wheelchairs, and irrigation systems, provided they are linked to the purposes described in MCR 10-8-1-"b”, for beneficiaries whose annual gross family income, as defined in MCR 10-2-1-“f”, is less than R$150,000.00			R$60,000.00						a) limit per agricultural year; b) at least 50% (fifty percent) of the credit value must be allocated to the implementation, construction, expansion, recovery, or modernization of water infrastructure for human, animal, or agricultural activity consumption, except for operations for the purchase of machinery, equipment, and implements; the remaining credit value must be allocated to planting, cultural treatments, and implementation, expansion, recovery, or modernization of other production and agricultural/non-agricultural services infrastructure, in accordance with the release schedule in the technical project or simplified proposal; c) the same family production unit may maintain up to 2 (two) loans active under this line, with the second loan conditioned on the payment of 1 (one) installment of the previous loan and the submission of a technical assistance report confirming the regularity of the financed enterprise and its payment capacity; d) the option provided in MCR 10-1-23 regarding the risk of the operation may be applied.
2 - other purposes and beneficiaries of the Credit Line			R$40,000.00
2.7 - Investment Credit – Pronaf Mulher (MCR 10-9)
1 - beneficiaries classified in Groups "A", "A/C" and "B"	R$4,000.00							a) for beneficiaries classified in Groups "A", "A/C" and "B", the limit is per agricultural year and per woman per Family Agricultural Production Unit – UFPA, subject to the following conditions: I - for the UFPA beneficiary who contracted, by June 30, 2023, 4 (four) or more operations in this Group and Group "B", the sum of loans with default bonus entitlement, considering the set of working capital and investment operations, shall not exceed R$10,500.00 or, when the PNMPO methodology is applied, R$24,000.00; II - for the UFPA beneficiary who contracted up to 3 (three) operations by June 30, 2023, in this Group and Group "B", the sum of loans with default bonus entitlement, considering the set of working capital and investment operations, shall not exceed R$12,000.00 or, when the PNMPO methodology is applied, R$36,000.00; III - operations with default bonus entitlement contracted under Group "B" by another beneficiary of the UFPA do not impact the credit limit with default bonus entitlement of Pronaf Mulher; IV - upon reaching the credit limit per beneficiary, per agricultural year, the granting of new credits is conditioned on the prior settlement of previous loans, except in the case of operations extended by authorization of the National Monetary Council – CMN; V - the beneficiary whose UFPA has already reached the limit of operations with default bonus entitlement, if she proves that she continues to be classified in Groups "A", "A/C" and "B", by presenting to the financial agent a valid National Registry of Family Agriculture – CAF document showing classification in Pronaf according to MCR 10-2 criteria, becomes eligible for new credits, subject to the provisions of item IV of this clause, under the same conditions as the Rural Productive Microcredit Section – Group “B” (MCR 10-13), except regarding the default bonus, which in this case will no longer apply; b) in financing for construction or renovation of housing, the additional condition of clause "b" of item 1 of the line Investment Credit – Pronaf Mais Alimentos (MCR 10-5) in this table must be respected; c) in financing for the purposes provided for in items 4 and 5, the additional condition of clause "b" regarding items 2 and 3 of the line Investment Credit – Pronaf Mais Alimentos (MCR 10-5) in this table may be applied; d) the same UFPA may maintain up to 2 (two) loans active under Pronaf Mulher; e) contracting a new loan is conditioned on the settlement or payment of at least 3 (three) installments of the previous loan and the submission of a technical assistance report confirming the regularity of the financed enterprise and its payment capacity; f) limit per agricultural year for the purposes provided for in items 3, 4 and 5.
2 - beneficiaries classified in Groups "A", "A/C" and "B" whose financing projects adopt the methodology of the National Program of Oriented Productive Microcredit – PNMPO	R$15,000.00
3 - beneficiaries whose annual gross family income, as defined in MCR 10-2-1-“f”, is higher than the limit provided for Group “B” and less than R$150,000.00 and who do not hire permanent salaried labor, including financing projects that adopt the PNMPO methodology	R$100,000.00
4 - beneficiaries whose annual gross family income, as defined in MCR 10-2-1-“f”, is less than R$150,000.00: purchase of machinery, implements, and equipment including for irrigation systems, field connectivity, and equipment adapted for people with disabilities, including motorized all-terrain wheelchairs	R$100,000.00
5 - other beneficiaries: construction or renovation of housing	R$100,000.00
6 - other beneficiaries: swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding), and fruit farming	R$450,000.00
7 - other beneficiaries: other purposes	R$250,000.00
2.8 - Investment Credit – Pronaf Jovem (MCR 10-10)
1 - youth aged between 16 and 29 years, member of a family unit classified in Pronaf, except Groups “A”, “A/C” and “B”	R$35,000.00							a) limit per agricultural year; b) only 3 (three) loans may be granted for each beneficiary, with the contracting of a new loan conditioned on the prior settlement of the previous one, subject to each loan to the provisions of clause "a"; c) the option provided in MCR 10-1-23 regarding the risk of the operation applies.
2 - youth aged between 16 and 29 years, member of a family unit classified in Groups “A”, “A/C” and “B”	R$4,000.00							a) for beneficiaries classified in Groups "A", "A/C" and "B", the limit is per agricultural year and per youth per Family Agricultural Production Unit – UFPA, subject to the following conditions: I - the sum of loans with default bonus entitlement shall not exceed R$12,000.00 or, when the PNMPO methodology is applied, R$24,000.00; II - youth who, by June 30, 2024, have accessed Group “B” of Pronaf (MCR 10-13) or Group “B” of Pronaf Mulher (MCR 10-9) are barred from accessing Pronaf Jovem; III - operations with default bonus entitlement contracted under Group "B" by another beneficiary of the UFPA do not impact the credit limit with default bonus entitlement of Pronaf Jovem; IV - upon reaching the credit limit per beneficiary, per agricultural year, the granting of new credits is conditioned on the prior settlement of previous loans, except in the case of operations extended by authorization of the National Monetary Council – CMN; V - the beneficiary whose UFPA has already reached the limit of operations with default bonus entitlement, if he proves that he continues to be classified in Groups "A", "A/C" and "B", by presenting to the financial agent a valid National Registry of Family Agriculture – CAF document showing classification in Pronaf according to MCR 10-2 criteria, becomes eligible for new credits, subject to the provisions of item IV of this clause, under the same conditions as the Rural Productive Microcredit Section - Group “B” (MCR 10-13), except regarding the default bonus, which in this case will no longer apply.
3 - youth aged between 16 and 29 years, member of a family unit classified in Groups “A”, “A/C” and “B” whose financing projects adopt the methodology of the National Program of Oriented Productive Microcredit – PNMPO	R$8,000.00
2.9 - Industrialization Credit – Pronaf Industrialization of Family Agroindustry (MCR 10-11)
1 - physical person - rural producer	R$75,000.00							a) limits per agricultural year, applicable to one or more operations; b) the limit of R$75,000.00 per partner with a valid CAF showing classification in Pronaf according to MCR 10-2 criteria, listed in the Registration Record in the National Registry of Family Agriculture – Ricaf, issued for the rural family enterprise or cooperative, must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; c) financing to the central cooperative must benefit at least two singular cooperatives affiliated with it, observing the limit of R$75,000.00 per partner with a valid CAF showing classification in Pronaf according to MCR 10-2 criteria, listed in the Ricaf, issued for the cooperative, regarding products delivered by the singular cooperatives, as well as their storage, conservation, and sale, provided that the products have not been subject to financing granted to the same singular cooperatives under this line, respecting the technical project and the economic-financial feasibility study of the enterprise.
2 - legal entity - rural family enterprise	R$250,000.00
3 - legal entity - singular family agriculture cooperative, including those governed by MCR 10-18-14	R$33,000,000.00
4 - legal entity - central family agriculture cooperative	R$55,000,000.00
2.10 - Credit for Integration of Partnership Shares – Pronaf Partnership Shares (MCR 10-12)
1 - rural producer	R$75,000.00							a) limits per agricultural year; b) the same partner may maintain up to 2 (two) operations contracted under this credit line; c) credit for cooperatives must observe the limit of R$75,000.00 per partner with a valid CAF who is a participant in the financed project.
2 - family agriculture agroproduction cooperative, including those governed by MCR 10-18-14	R$55,000,000.00
2.11 - Investment Credit – Pronaf Rural Productive Microcredit – Group “B” (MCR 10-13)
1 - beneficiaries: Family Agricultural Production Unit – UFPA whose financing projects adopt the methodology of the National Program of Oriented Productive Microcredit – PNMPO	R$12,000.00							a) limits per agricultural year, subject to the following conditions for granting the default bonus: I - for the UFPA that contracted, by June 30, 2023, 4 (four) or more operations in this group, the sum of loans with default bonus entitlement, considering the set of working capital and investment operations, shall not exceed R$10,500.00 or, when the PNMPO methodology is applied, R$24,000.00; II - for the UFPA that contracted up to 3 (three) operations, by June 30, 2023, in this group, the sum of loans with default bonus entitlement, considering the set of working capital and investment operations, shall not exceed R$12,000.00 or, when the PNMPO methodology is applied, R$30,000.00; b) upon reaching the credit limit per UFPA, per agricultural year, the granting of new credits under this credit line is conditioned on the prior settlement of previous loans, except in the case of operations extended by authorization of the National Monetary Council – CMN; c) the UFPA that has reached the credit limit with default bonus entitlement, if it proves that it continues to be classified in Group "B", by presenting to the financial agent a valid National Registry of Family Agriculture – CAF document showing classification in Pronaf according to MCR 10-2 criteria, becomes eligible for new credits in this group, under the same conditions of this credit line, except regarding the default bonus, which in this case will no longer apply, and subject to the provisions of clause "b"; d) a single extra limit of up to R$3,000.00 per UFPA will be granted for financing the construction or renovation of sanitary facilities in the borrower's residence, with a 40% (forty percent) bonus, which must not be included in the limits provided for in items I and II of clause “a”; e) the UFPA must choose between financing item 1 or item 2 in the same agricultural year.
2 - beneficiaries: UFPA whose financing projects adopt the PNMPO methodology, when presenting a technical project or simplified proposal to finance: a) agroecological basis production systems, or systems in transition to agroecological basis systems, according to standards established by the Ministry of Agrarian Development and Family Agriculture – MDA; b) organic production systems, according to standards established by the Ministry of Agriculture and Livestock – Map; and c) productive backyards for rural women, as defined by Decree No. 11,642, of August 16, 2023, and in standards established by the MDA.	R$20,000.00
3 - other beneficiaries: UFPA	R$4,000.00
2.12 - Investment Credit – Pronaf Agroecology (MCR 10-14)
1 - swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding), and fruit farming		R$450,000.00						a) limit per agricultural year.
2 - other purposes		R$250,000.00
2.13 - Investment Credit – Pronaf Bioeconomy (MCR 10-16)
1 - all purposes		R$250,000.00				a) limit per agricultural year.
2.14 - Investment Credit – Pronaf Oriented Productive (MCR 10-17)
1 - family rural producers whose enterprise is located in the areas of operation of the Constitutional Financing Funds of the Northeast – FNE, of the North – FNO, and of the Center-West – FCO		Minimum of R$25,000.00 and maximum of R$55,000.00						a) limits per operation and agricultural year; b) the same family production unit may maintain up to 2 (two) loans active under this credit line, with the second loan only able to finance Technical Assistance and Rural Extension – Ater and be entitled to the default bonus in values proportional to the additional years of technical assistance previously financed, and, furthermore, upon submission of a technical assistance report confirming the regularity of the financed enterprise and its payment capacity.

Art. 7. Section 7 (Agro-Industrial Investment Programs – InvestAgro) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall be amended as follows:

Table 1:
Financial Charges for Financing of Agro-Industrial Investment Programs – InvestAgro

Beneficiary / Purpose	Effective interest rate up to (% p.a.)
Fixed Rate	Post-fixed Rate(1)

1.1. Program for Capitalization of Agro-Industrial Cooperatives – Procap-Agro (MCR 11-2)

1 - rural producers, physical or legal persons, and cooperatives, singular and central, of agro-production, agro-industrial, aquaculture, or fishing, federations, and confederations that act directly in the manufacture of inputs and in the processing and industrialization of production, provided they are formed exclusively by cooperatives of agro-production, agro-industrial, aquaculture, or fishing: integration of partnership shares and working capital	13.5%	6.63% + FAM

1.2. Program for Financing Irrigated Agriculture and Protected Cultivation – Proirriga (MCR 11-3)

1 - all financeable items	12.5%	5.69% + FAM

1.3. Program for Incentive to Modernization and Technological Innovation in Agro-Production – Inovagro (MCR 11-4)

1 - rural producers and their production cooperatives, including for pass-through to their partners	12.5%	5.69% + FAM

1.4. Program for Modernization of the Fleet of Agricultural Tractors and Associated Implements and Combines – Moderfrota (MCR 11-5)

1 - rural producers and production cooperatives with annual gross operating income or revenue of up to R$45,000,000.00, including in this limit the sum of the income of the economic group to which they belong	13.5%	6.63% + FAM
2 - rural producers classified in the National Program for Supporting Medium Producers – Pronamp	12.5%	5.69% + FAM

1.5. Program for Cooperative Development for Value Addition to Agro-Production – Prodecoop (MCR 11-6)

1 - singular cooperatives of agro-production, agro-industrial, aquaculture, or fishing 2 - central cooperatives formed exclusively by cooperatives of agro-production, agro-industrial, aquaculture, or fishing 3 - partners, for integration of partnership shares linked to the project to be financed	13.5%	6.63% + FAM

1.6. Program for Financing Sustainable Agro-Production Systems – RenovAgro (MCR 11-7)

1 - rural producers and their cooperatives, including for pass-through to partners: adequacy or regularization of rural properties in accordance with environmental legislation, including recovery of legal reserve – RL, permanent preservation areas – APP, and restricted use areas, recovery of degraded areas, and implementation and improvement of sustainable forest management plans (RenovAgro Environmental); and recovery of degraded pastures (Renovagro Recovery and Conversion), financing of animals as provided in MCR 11-7-1-“d”-XIII is prohibited	8.5%	1.94% + FAM
2 - rural producers and their cooperatives, including for pass-through to partners: other purposes	10.0%	3.34% + FAM
1.7. Program for Construction and Expansion of Warehouses – PCA (MCR 11-9)
1 - rural producers and their production cooperatives whose total capacity of storage units existing on the date of credit contracting, per beneficiary, does not exceed 12,000 tons: financing of one or more grain storage units that together do not exceed 12,000 tons	8.5%	1.94% + FAM
2 - rural producers and their production cooperatives: other investments	10.0%	3.34% + FAM

(1) Post-fixed interest rate composed of a fixed part plus the Monetary Update Factor – FAM.

Table 2: Credit Limits for Financing of Agro-Industrial Investment Programs – InvestAgro

Beneficiary / Purpose	Value	Additional Condition

2.1. Program for Capitalization of Agro-Industrial Cooperatives - Procap-Agro (MCR 11-2)

1 - rural producers, physical or legal persons: integration of partnership shares	R$45,000.00	a) global credit limit per partner and per cooperative, across the entire National Rural Credit System – SNCR, observing MCR 11-2-2-“j”; b) independent of credits obtained in other official programs.
2 - agro-production cooperatives: integration of partnership shares of social capital in central cooperatives exclusively of agro-production, agro-industrial, aquaculture, or fishing	R$65,000,000.00
3 - cooperatives, singular and central, of agro-production, agro-industrial, aquaculture, or fishing, federations, and confederations that act directly in the manufacture of inputs and in the processing and industrialization of production, provided they are formed exclusively by cooperatives of agro-production, agro-industrial, aquaculture, or fishing: working capital	R$65,000,000.00	a) independent of credits obtained for integration of partnership shares, observing MCR 11-2-3-“d”.

2.2. Program for Financing Irrigated Agriculture and Protected Cultivation – Proirriga (MCR 11-3)

1 - all financeable items: individual enterprise	R$3,500,000.00	a) per agricultural year, independent of other credits granted under resources controlled (MCR 6-1) of rural credit, respecting the individual limit per participant, in the case of collective credit.
2 - all financeable items: collective enterprise	R$10,500,000.00

2.3. Program for Incentive to Modernization and Technological Innovation in Agro-Production – Inovagro (MCR 11-4)

---

1 - rural producers and their production cooperatives: individual enterprise	R$4,000,000.00	a) per agricultural year, regardless of other credits granted under the auspices of resources controlled by rural credit, respecting the individual limit per participant, in the case of collective credit; b) associated operating financing is admitted, in accordance with MCR 11-4-1-“c”-IX.
2 - rural producers and their production cooperatives, for the acquisition of animals: individual enterprise	R$400,000.00
3 - rural producers and their production cooperatives: collective enterprise	R$12,000,000.00
2.4. Tractor Fleet and Associated Implements and Combines Modernization Program – Moderfrota (MCR 11-5)
1 - rural producers and their agricultural and livestock production cooperatives with annual gross operating income or revenue of up to R$45,000,000.00, including in this limit the sum of the income of the economic group to which they belong	85% (eighty-five percent) of the value of the goods subject to financing	a) per agricultural year; b) in the case of machinery that uses biometane as fuel, this limit may be increased to up to 100% (one hundred percent) of the value of the goods subject to financing, provided that the financing project establishes that the methane used as fuel must be produced from excrement and waste originating from animal production.
2 - for producers who qualify as beneficiaries of the National Program for Support to Medium Rural Producers – Pronamp	100% (one hundred percent) of the value of the goods subject to financing	a) per agricultural year
2.5. Cooperative Development Program for Value Addition to Agricultural and Livestock Production – Prodecoop (MCR 11-6)
1 - single agricultural, agro-industrial, aquaculture, or fishing production cooperatives; 2 - central cooperatives formed exclusively by agricultural, agro-industrial, aquaculture, or fishing production cooperatives; 3 - members, for the integration of quota shares linked to the project to be financed	R$150,000,000.00	a) in one or more operations, observing the financing cap of 90% (ninety percent) of the project value; b) associated operating financing is admitted, in accordance with MCR 11-6-1-“d”- V.
2.6. Financing Program for Sustainable Agricultural and Livestock Production Systems – RenovAgro (MCR 11-7)
1 - rural producers and their cooperatives, including for onward lending to members	R$5,000,000.00	a) per agricultural year, regardless of other credits granted under the auspices of resources controlled by rural credit; b) financing of the items referred to in MCR 11-7-1-“d”-XIII and XIV and MCR 11-7-1-“e” is admitted, within the limits established therein; c) when dealing with collective projects intended for the utilization of biogas for electricity generation and biometane production, the credit limit may be increased to R$20,000,000.00, per agricultural year, respecting the individual limit per participant of R$5,000,000.00, and observing the following conditions: I - biogas and biometane must be produced solely from excrement and waste originating from the animal production of the participants in the collective project; II - the electricity and biometane produced must be destined exclusively for own use.
2.7 - Program for Construction and Expansion of Warehouses – PCA (MCR 11-9)
1 - rural producers: grain storage	R$50,000,000.00	a) per agricultural year, regardless of other credits granted under the auspices of resources controlled by rural credit.
2 - production cooperatives: grain storage	R$200,000,000.00
3 - rural producers and their production cooperatives: other items referred to in MCR 11-9-2-“b”	R$25,000,000.00

Art. 8º This Resolution enters into force on July 1, 2025.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil