Resolution CMN No. 5322 — Adjusts General Credit Norms for Rural Credit, Pronamp, Funcafé, and InvestAgro for the Agricultural Year 2026-2027

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, 2026, 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 Article 49, § 1, of Law No. 8,171 of January 17, 1991,

RESOLVES:

Article 1. Section 2 (Beneficiaries) of Chapter 1 (Preliminary Provisions) of the Rural Credit Manual – MCR shall be in effect with the following alterations:

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d) members of indigenous peoples, in accordance with applicable regulations.” (NR)

Article 2. Section 1 (General Provisions) of Chapter 2 (Basic Conditions) of the MCR shall be in effect with the following alterations:

“10-A - Agricultural operating credit operations that have not been covered by Proagro or by a rural insurance modality may only be renegotiated if the balance is reclassified to free and uncontrolled resource sources.” (NR)

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c) aquaculturists of federal waters who are not owners of rural property and whose financing project is linked to the aquaculture activity, upon presentation of the usage cession contract.” (NR)

“19 - For the granting of financing directed to the fishing activity, except for aquaculture (cultivation), the financial institution must require the beneficiary to present proof of active registration in the General Registry of Fishing Activity – RGP issued by the competent federal body, and, when it concerns financing for extractive fishing vessels, the Prior Fishing Permission – PPP or the Certificate of Registration and Authorization of Fishing Vessel must also be required, in accordance with specific norms of the federal public administration body responsible for issuing these documents.” (NR)

Article 3. Section 2 (Operating Credits) of Chapter 3 (Operations) of the MCR shall be in effect with the following alterations:

“6-E - In the period from July 1, 2026, to June 30, 2027, the interest rate referred to in item 1.1-1 of Table 1 of MCR 7-4, for rural operating credit operations contracted by rural producers classified under the National Program for Support to the Medium Rural Producer – Pronamp, and the interest rate referred to in item 1.1-1 of Table 1 of MCR 7-1, for operating credit operations contracted by other rural producers, shall be reduced by 0.5 (zero point five) percentage points when the operating credit is contracted with equalized resources, respecting the limits established for each financial institution, per agricultural year, in accordance with a decree of the Ministry of Finance, and with mandatory resources, as referred to in MCR 6-2, with the credit being destined to sustainable 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”:

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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 – Map;

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Article 4. Section 3 (Fishing and Aquaculture Activity) of Chapter 4 (Purposes and Special Instruments of Agricultural Policy) of the MCR shall be in effect with the following alterations:

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a) financeable items: expenses inherent to fishing and aquaculture, such as capture and cultivation; conservation of vessels and equipment; rigging and maintenance of vessels; acquisition of personal protective equipment – PPEs and materials intended for the safety and health of fishing and processing activities; purchase of inputs and utensils for conservation, processing, and marketing of fishery products; expenses with minor repairs and improvements in structures for unloading, storage, and community processing; and other expenses directly linked to the productive and commercial cycle of commercial fishing duly proven in a credit proposal;

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Article 5. Section 2 (Mandatory Resources) of Chapter 6 (Resources) of the MCR shall be in effect with the following alterations:

“10-A - It is admitted that up to 10% (ten percent) of the Pronaf sub-requirement may be fulfilled with industrialization and marketing operations supported by Pronaf.” (NR)

Article 6. Section 1 (Pronamp) of Chapter 8 (National Program for Support to the Medium Rural Producer – Pronamp) of the MCR shall be in effect with the following alterations:

“6 - The contracting of investment credit operations with equalizable resources under this program for the acquisition of animals for breeding or rearing is permitted, limited to 30% (thirty percent) of the total value of the investment project.” (NR)

Article 7. Section 1 (General Provisions) of Chapter 9 (Coffee Economy Defense Fund – Funcafé) of the MCR shall be in effect with the following alterations:

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f) .........................................................

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II - once released to the final beneficiaries of the credit lines, at the rate of 9% a.a. (nine percent per annum) applied to the nominal value of operating credit operations (MCR 9-2), marketing credit (MCR 9-3), credit for option contracts and operations in futures markets (MCR 9-5), and credit for the recovery of damaged coffee plantations (MCR 9-7); and 10.5% a.a. (ten and five-tenths percent per annum) applied to the nominal value of financing operations for the acquisition of coffee (MCR 9-4) and credit for working capital for soluble coffee industries and coffee roasting industries and for production cooperatives (MCR 9-6);

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Article 8. Section 4 (Program for Incentive to Modernization and Technological Innovation in Agricultural Production – Inovagro) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR shall be in effect with the following alterations:

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

I - implementation of systems for generation and distribution of renewable energy and implementation of electrical energy storage solutions for own consumption, provided that the technical investment project is compatible with the energy demand needs of the productive activity installed on the rural property or with the need foreseen in a technical investment project that requires this purpose;

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

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II - up to five years, when it concerns financing for the acquisition of dams and bulls of cattle or buffalo for dairy cattle, sheep, and goats;

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Article 9. Section 6 (Cooperative Development Program for Value Addition to Agricultural Production – Prodecoop) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR shall be in effect with the following alterations:

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

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III - implementation of systems for generation and cogeneration of energy, including solar energy, and implementation of electrical energy storage solutions and transmission lines, provided that the energy is used for own consumption, as an integral part of the agroindustry project;

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

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IX - systems for generation and cogeneration of energy, including solar energy, and implementation of electrical energy storage solutions and transmission lines, provided that the energy is used for own consumption, as an integral part of the agroindustry project;

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Article 10. Section 7 (Program for Financing Sustainable Agricultural Production Systems – RenovAgro) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR shall be in effect with the following alterations:

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

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XIX - implementation, improvement, and maintenance of systems for generation of renewable energy, such as the use of solar, biomass, and wind energy, and implementation of electrical energy storage solutions, provided that the energy is used for own consumption;

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Article 11. Section 9 (Program for Construction and Expansion of Warehouses – PCA) of Chapter 11 (Agricultural Investment Programs – InvestAgro) of the MCR shall be in effect with the following alterations:

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a) objective of the credit: support investments necessary for the expansion, modernization, reform, and construction of storage systems and cold rooms;

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Article 12. This Resolution enters into force on the date of its publication.

RODRIGO ALVES TEIXEIRA
Acting President of the Central Bank of Brazil