Resolution CMN No. 5079 — Adjusts Norms in BNDES Resource Programs Codified in Chapter 11 of the Rural Credit Manual (MCR)

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

RESOLUTION
CMN No. 5,079, OF JUNE 29, 2023

Adjusts norms in Programs with BNDES Resources codified in Chapter 11 of the Rural Credit Manual (MCR).

The Central Bank of Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on June 29, 2023, considering the provisions of art. 4, item VI, of Law No. 4,595, of 1964, arts. 4 and 14 of Law No. 4,829, of November 5, 1965, and arts. 48 and 49 of Law No. 8,171, of January 17, 1991,

R E S O L V E S:

Art. 1 Section 3 (Irrigated Agriculture and Protected Cultivation Financing Program – Proirriga) of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual (MCR) shall enter into force with the following alteration:

“1 - ..................................................................................................................

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d) repayment:
up to 10 (ten) years, including up to 2 (two) years of grace;

...............................................................................................................” (NR)

Art. 2 Section 4 (Program for the Modernization of Agriculture and Conservation of Natural Resources – Moderagro) of Chapter 11 of the MCR shall enter into force with the following alterations:

“1 - ..................................................................................................................

a) .....................................................................................................................

I - support and foster the sectors of production, processing, industrialization, packaging and storage of products from beekeeping, aquaculture, poultry farming, chinchilla farming, rabbit farming, floriculture, fruit farming, olive farming, horticulture, sheep and goat farming, frog farming, sericulture, swine farming, dairy cattle farming, and palm trees, yerba mate, hops, nuts, fishing and sugarcane for cachaça production;

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

I - up to 10 (ten) years, including up to 2 (two) years of grace, respecting the provisions of item II;

...............................................................................................................” (NR)

Art. 3 Section 6 (Cooperative Development Program for Value Addition to Agribusiness Production – Prodecoop) of Chapter 11 of the MCR shall enter into force with the following alteration:

“1 - ..................................................................................................................

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e) repayment:
up to 10 (ten) years, including up to 2 (two) years of grace, also admitting the granting of equal grace period for the payment of interest, if the project demonstrates this need;

...............................................................................................................” (NR)

Art. 4 Section 7 (Program for Adaptation to Climate Change and Low Carbon Emissions in Agribusiness – ABC+ Program) of Chapter 11 of the MCR shall be renamed “Program for Financing Sustainable Agribusiness Production Systems (RenovAgro)”.

Art. 5 Section 7 of Chapter 11 of the MCR shall enter into force with the following alterations:

“1 - The Program for Financing Sustainable Agribusiness Production Systems (RenovAgro) is subject to the following specific conditions:

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c) .....................................................................................................................

I - recovery of degraded pastures (RenovAgro Recovery and Conversion);

II - implementation and improvement of organic agribusiness production systems (RenovAgro Organic);

III - implementation and improvement of no-till systems “on the residue” for grains, sugarcane and vegetables (RenovAgro No-Till System);

IV - implementation and improvement of integrated crop-livestock, crop-forestry, livestock-forestry or crop-livestock-forestry systems and agroforestry systems (RenovAgro Integration);

V - implementation, maintenance and improvement of commercial forest management, including those intended for industrial use or charcoal production (RenovAgro Forests);

VI - adequacy or regularization of rural properties in relation to environmental legislation, including recovery of legal reserve (LR), permanent preservation areas (APP) and restricted use area, recovery of degraded areas and implementation and improvement of sustainable forest management plans (RenovAgro Environmental);

VII - implementation, improvement and maintenance of waste management systems from animal production for energy generation and composting (RenovAgro Waste Management);

VIII - implementation, improvement and maintenance of oil palm forests, primarily in degraded productive areas (RenovAgro Palm);

IX - encouragement of the use of bio-inputs, as well as production for own use, on rural properties, including the implementation or expansion of production units (RenovAgro Bio-inputs);

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XI - adoption of conservation practices for the use, management and protection of natural resources, including correction of soil acidity and fertility (RenovAgro Soil Management);

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d) .....................................................................................................................

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III - relocation of internal roads of rural properties for erosion control and environmental adequacy;

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VI - acquisition, transport, application and incorporation of agricultural correctives (lime and others) and remineralizers registered with the Ministry of Agriculture and Livestock (MAPA);

...............................................................................................................” (NR)

“2 - ..................................................................................................................

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c) for organic agriculture: registration in the National Register of Organic Producers or declaration of project conversion monitoring issued by a certifier accredited by MAPA;

...............................................................................................................” (NR)

“3 - For the financeable items referred to in item XIII of item “d” of item 1, it must be observed that:

a) the genetic material (semen, embryos and oocytes) to be acquired with the financing must come from donors with a certificate of registration and performance evaluation for dairy activity or, alternatively, for beef cattle, the Special Identification and Production Certificate (CEIP) must be presented;

b) in the acquisition of dams and sires, the genealogical registration certificate issued by institutions authorized for this purpose must be presented, whereby:

I - for dams and sires with aptitude for beef cattle, the animals must be registered in the Genealogical Registration Book of breeder associations authorized by MAPA and have a performance evaluation attesting superiority in the breed in at least one characteristic, or possess CEIP; and

II - for dams and sires with aptitude for dairy cattle, the sires must be registered in the Genealogical Registration Book of breeder associations authorized by MAPA and have a performance evaluation attesting that they are positive for milk production, and the dams must have been evaluated, in at least one closed lactation, in official milk control.” (NR)

Art. 6 Section 8 (Program for Incentive to Technological Innovation in Agribusiness Production – Inovagro) of Chapter 11 of the MCR shall enter into force with the following alteration:

“1 - ..................................................................................................................

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e) repayment:
up to 10 (ten) years, including up to 2 (two) years of grace, whereby, when it concerns financing for the acquisition of dams and sires in the form of item X of item “c”, the repayment for these items must occur within 5 (five) years, and the payment of the first installment must occur within 12 (twelve) months after contracting.” (NR)

Art. 7 Section 9 (Program for Construction and Expansion of Warehouses – PCA) of Chapter 11 of the MCR shall enter into force with the following alteration:

“1 - ..................................................................................................................

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e) repayment:
up to 12 (twelve) years, including up to 2 (two) years of grace.” (NR)

Art. 8 This Resolution enters into force on July 3, 2023.

Roberto de Oliveira Campos Neto

President of the Central Bank of Brazil