With the coronavirus pandemic, many farmers began to feel an impact on production, especially for the people of Rio Grande do Sul, as, together with the coronavirus, the drought helped even more with debt losses.
so that the farmers secure, they can renegotiate financing. With negotiation with family farmers, who are registered with Pronaf (Program for Strengthening Family Agriculture), they can access the special line of credit.
Credit Debt Financing
The financing, following the resolution, gives credit rights of up to R$ 20 thousand, with an interest rate equivalent to 4.6% pa, the term of up to 36 months to pay the debt. Those who are registered with Pronamp (National Support Program for Medium Rural Producers). The credit right goes up to R$ 40 thousand, with an interest rate of 6% pa, with a period of 36 months to pay.
However, there are still unique cooperatives in agricultural production, these have suffered a lot with the drought and drought, they can also receive the benefit. Financing credit up to R$ 65 million is released, with interest between 6% and 8% pa
Banks have already been authorized to increase the due date of overdue installments or even close to winning. The president of Fetag (Federation of Agricultural Workers in Rio Grande do Sul, Carlos Joel da Silva, the interest is beyond what the institution was expecting. He added that he was already waiting due to the difficulty they were going through, the sale decreased and the cost of production increased.
By calculations, a large part of the municipalities are in emergencies, a total equivalent to more than half of the region. In farming, for example, soybeans reached 45% in a cultural part. In comparison, the yield of corn was 30% lower, the same percentage value as the apple crop.
Despite the high dollar, the covid-19 pandemic helped a lot for the debt situation.
On the other hand, Fetag does not support the limit that the resolution imposed, as the resolution only clarifies those farmers who belong to the affected municipalities who will benefit.
