Resolution CMN No. 5219 — Defines Special Conditions for Working Capital Financing for Agricultural Cooperatives under Pronaf and Procap-Agro

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

RESOLUTION
CMN NO. 5,219, OF MAY 29, 2025

Defines special conditions for working capital financing destined for agricultural cooperatives within the scope of the National Program for Strengthening Family Agriculture – Pronaf and the Program for Capitalization of Agricultural Cooperatives – Procap-Agro.

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 May 29, 2025, considering the provisions of Articles 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 3, §§ 3 and 4, of Law No. 11,326, of July 24, 2006,

R E S O L V E S:

Article 1. Section 18 (Transitional Norms) of Chapter 10 (National Program for Strengthening Family Agriculture – Pronaf) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“12 - Financing of working capital under the auspices of Section 6 (Investment Credit for Income Aggregation – Pronaf Agroindústria) of this Chapter is admitted, until June 30, 2026, subject to the general conditions of Pronaf and the following special conditions:

a) beneficiaries: agricultural production cooperatives of family agriculture defined in MCR 10-6-3, that:

I - have industrial or storage units located in municipalities of the state of Rio Grande do Sul, with a declaration of emergency situation or state of public calamity recognized by the Federal Government from April 26 to July 31, 2024, due to floods, inundations, intense rains, mudslides, gales, landslides, or flooding;

II - demonstrate payment difficulties, in 2025 and 2026, for part of the value of their short-term debts;

III - present projects for financial restructuring and management of their assets and modernization of the cooperative’s governance validated by the National Service for Learning of Cooperativism of the State of Rio Grande do Sul – Sescoop/RS, which demonstrate the economic viability of the cooperative and, considering the resources of the working capital credit line, the ability to pay the entirety of their debts maturing during the financing period, and must inform the amounts of financing obtained from this credit line and under negotiation with other financial institutions; and

IV - have the projects referred to in item III approved by the set of creditor financial institutions representing, at least, 50% (fifty percent) of the value of credits maturing in 2025 and 2026;

b) repayment: up to 10 (ten) years, including up to 24 (twenty-four) months of grace period;

c) credit limit: up to R$120,000,000.00 (one hundred and twenty million reais), per cooperative, considering all operations contracted in one or more financial institutions, subject to the limit of R$90,000.00 (ninety thousand reais) per associate with active DAP or valid CAF-Pronaf related in the DAP issued for the cooperative or in the RICAF of the cooperative, regardless of the limits established in Table 2.4 – Investment Credit – Pronaf Agroindústria (MCR 10-6) of MCR 7-6;

d) financial charges: 8% (eight percent) per year, to be charged, including, during the grace period; and

e) source of resources and remuneration of the financial institution: exclusively equalized resources, as defined in a portaria of the Ministry of Finance.” (NR)

“13 - Agricultural production cooperatives of family agriculture are authorized to contract financing under the auspices and conditions of the line referred to in item 3 of Section 10 (Transitional Norms) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR, subject to the credit limit per cooperative and per associate established in MCR 10-18-12-“c”. ” (NR)

Article 2. Section 10 (Transitional Norms) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR shall enter into force with the following alterations:

“3

• Financing of working capital under the auspices of Section 2 (Program for Capitalization of Agricultural Cooperatives – Procap-Agro) of this Chapter is admitted, until June 30, 2026, subject to the general conditions of rural credit and the following special conditions:

a) beneficiaries: agricultural production cooperatives that:

I

• have industrial or storage units located in municipalities of the state of Rio Grande do Sul, with a declaration of emergency situation or state of public calamity recognized by the Federal Government from April 26 to July 31, 2024, due to floods, inundations, intense rains, mudslides, gales, landslides, or flooding;

II

• demonstrate payment difficulties, in 2025 and 2026, for part of the value of their short-term debts;

III

• present projects for financial restructuring and management of their assets and modernization of the cooperative’s governance validated by the National Service for Learning of Cooperativism of the State of Rio Grande do Sul – Sescoop/RS, which demonstrate the economic viability of the cooperative and, considering the resources of the working capital credit line, the ability to pay the entirety of their debts maturing during the financing period, and must inform the amounts of financing obtained from this credit line and under negotiation with other financial institutions; and

IV

• have the projects referred to in item III approved by the set of creditor financial institutions representing, at least, 50% (fifty percent) of the value of credits maturing in 2025 and 2026;

b) repayment: up to 10 (ten) years, including up to 24 (twenty-four) months of grace period;

c) credit limit: up to R$120,000,000.00 (one hundred and twenty million reais), per cooperative, considering all operations contracted in one or more financial institutions, subject to the limit of R$90,000.00 (ninety thousand reais) per associate of the cooperative, regardless of the limits established in Table 2.1 Program for Capitalization of Agricultural Cooperatives – Procap-Agro (MCR 11-2) of MCR 7-7;

d) financial charges: 10% (ten percent) per year, to be charged, including, during the grace period; and

e) source of resources and remuneration of the financial institution: exclusively equalized resources, as defined in a portaria of the Ministry of Finance.” (NR)

Article 3. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil