Resolution CMN No. 5152 — Adjusts Rules in Section 2 (Working Capital Credits) of Chapter 3 (Operations) 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. 5,152, OF JULY 3, 2024

Adjusts rules in Section 2 (Working Capital Credits) of Chapter 3 (Operations) of the Rural Credit Manual – 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 July 2, 2024, 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 Articles 48 and 49 of Law No. 8,171, of January 17, 1991,

R E S O L V E S:

Article 1. Section 2 (Working Capital Credits) of Chapter 3 (Operations) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“6-C - Regarding the scope of the interest rate reduction referred to in items 6-A and 6-E, the following requirements must be observed:

..................................................................................................................................

b) the following working capital operations cannot be submitted to the interest rate reduction referred to in items 6-A and 6-E:

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

“6-E - In the period from January 2, 2025, to June 30, 2025, the interest rate referred to in item 1.1-1 of Table 1 of MCR 7-4, for rural credit operations for working capital contracted by rural producers enrolled in the National Program for Support to Medium Rural Producers (Pronamp), and the interest rate referred to in item 1.1-1 of Table 1 of MCR 7-1, for working capital credit operations contracted by other rural producers, shall be reduced by 0.5 (zero point five) percentage points when the working capital credit is contracted with equalized resources, respecting the limits established for each financial institution, per agricultural year, according to a ministerial order of the Ministry of Finance, and with mandatory resources, as referred to in MCR 6-2, and the credit must be destined for productive activities classified under the following programs, with valid and active certification in the case of the programs referred to in items “a”, “b”, “c”, and “d”:

a) Integrated Production Program of the Ministry of Agriculture and Livestock (PI Brasil-Mapa), through a conformity certification issued by a certifying institution accredited by the National Institute of Metrology, Quality and Technology (Inmetro);

b) Good Agricultural Practices Program of the Ministry of Agriculture and Livestock (BPA-Mapa), through certification issued by a certifying institution with a program recognized by the Ministry of Agriculture and Livestock (Mapa);

c) Organic Production, through certification carried out by certifying institutions accredited by Mapa;

d) Organic Production, through certification carried out by participatory guarantee system organizations for organic conformity assessment, within the Participatory Guarantee System (SPG), accredited by Mapa;

e) Program for Financing Sustainable Agropecuary Production Systems (RenovAgro), including when named ABC Program, for borrowers who have contracted investment credit in the last five agricultural years in one of the subprograms of RenovAgro, provided that the working capital credit is destined for activities developed in an area totally or partially coincident with the area subject to RenovAgro financing and the working capital is related to the activity financed under the following subprograms:

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

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

III - implementation and improvement of no-till farming systems “on the straw” 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 destined for industrial use or charcoal production (RenovAgro Forests);

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

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

VIII - encouragement of the use of bioinputs, as well as production for own use, on rural properties, including the implementation or expansion of production units (RenovAgro Bioinputs);

IX - adoption of conservationist practices for the use, management, and protection of natural resources, including correction of soil acidity and fertility (RenovAgro Soil Management).” (NR)

“6-F - The interest rate reduction referred to in item 6-E may only be granted for a working capital operation destined for an enterprise whose product or activity has valid and active certification and is linked to one of the programs defined in item 6-E, and the financial institution must verify on the AgroBrasil + Sustentável platform of Mapa, at minimum, the following information:

a) certified rural producer:

I - name;

II - registration number in the Individual Taxpayer Registry (CPF) or the National Registry of Legal Entities (CNPJ);

b) certified product, activity, or enterprise:

I - certified product(s), activity(ies), or enterprise(s) within one of the institutions referred to in item 6-E;

II - registration number in the Rural Environmental Registry (CAR) of the rural property where the enterprise will be implemented, which must coincide with the registration number in the CAR of the property where the product, activity, or enterprise is certified;

III - municipality and Federative Unit of the certified product, activity, or enterprise to be financed;

c) incentive program for sustainable practices:

I - name of the certification program (PI–Brasil, BPA–Mapa, or Organic Production);

II - name of the certifying institution defined in item 6-E, according to the certification program;

III - validity date of the certification issued to the producer;

IV - status of the certification, which must be valid and active on the date of credit granting with the discount.” (NR)

“6-G - In working capital operations classified under item “e” of item 6-E, for the purpose of compliance with item 6-F:

a) the beneficiary must authorize, in accordance with MCR 2-10, the sharing of data from the eligible RenovAgro operation contracted in the previous five agricultural years, if the financial institution has not granted the aforementioned operation;

b) the authorization referred to in item “a” is waived if the eligible RenovAgro operation falls under the cases provided for in MCR 2-10-9;

c) the interest rate reduction is conditioned on the verification by the financial institution that the information from the working capital operation is compatible with the following information from the eligible RenovAgro operation contracted in the previous five agricultural years:

I - name, CPF or CNPJ registration number of the rural producer;

II - product/purpose(s);

III - financed activity(ies);

IV - geodetic coordinates of the enterprise(s);

V - registration number in the Rural Environmental Registry (CAR) of the rural property;

VI - municipality and Federative Unit of the product/activity/enterprise;

VII - RenovAgro Subprogram.” (NR)

“6-H - The interest rate reduction referred to in item 6-E will only be granted when the requirements referred to in items 6-E, 6-F, and 6-G are met on the date of contracting.” (NR)

“6-I - The financial institution may only grant the discount in the 2024/2025 agricultural year if the certifying institution or the participatory conformity assessment organization (Opac) is:

a) legally constituted within the Brazilian System for Organic Conformity Assessment, according to information published by Mapa, when it concerns the organic production system; and

b) listed in an interministerial order issued by Mapa and the Ministry of Finance, published on the Mapa website.” (NR)

Article 2. This Resolution enters into force on January 2, 2025.

GABRIEL
MURICCA GALÍPOLO
President of the Central Bank of Brazil substitute