Federal Government Launches Safra Plan This Wednesday (3)

President Luiz Inácio Lula da Silva (PT) said that “there is an extraordinary policy of state financing” for Brazilian agribusiness

The federal government will launch this Wednesday (3) the 2024/25 Harvest Plan for corporate and family farming. According to the Minister of Agriculture, Carlos FavaroThe 2024/25 harvest will have resources of R$ 475.56 billion to finance small, medium and large producers.

Value of the 2024-25 Collection Plan

The total value of resources made available to producers in the period from July 2024 to June 30, 2025 will be R$ 582 billion.

This initial amount (R$475.56 billion) is 9% higher than that offered in the previous harvest, which was R$435.8 billion. Of this total, R$400.585 billion will be allocated to corporate agriculture and R$74.98 billion to family agriculture.

The launch will take place in two phases: in the morning, the package for family farming; The corporate part of the 2024/25 Harvest Plan will be announced in the afternoon, at the Palácio do Planalto.

Lula talks about the Safra Plan

This was stated by President Luiz Inácio Lula da Silva (PT). “there is an extraordinary policy of state funding” for agri-food.

“There will be two major financing programs, subsidized interest, so that people can continue to work, because I think we have to take into account that agribusiness today is responsible for much of the wealth of this country, and it is important that it continues like this”the president explained.

The cost of interest equalization under the Safra Plan will increase by 23%, to a total of R$ 16.7 billion. For corporate agriculture, the National Treasury will allocate R$ 6.3 billion for interest equalization, compared to R$ 5.1 billion for the current harvest.

For family farming, the investment will be R$ 10.4 billion (in the previous plan the value was R$ 8.5 billion).

The federal government must also add rural credit sources to be applied in the Rural Product Certificates (CPR) in the final issue of the 24/25 collection plan. The total value, therefore, of the resources made available to producers will be in the order of R$ 582 billion.

As I anticipated last week, President Lula announces this Wednesday, 7/2, the 2024/2025 Harvest Plan. The ceremony will take place in Brasilia, at the Palácio do Planalto, starting at 3:00 p.m.

— deniseassis (@deniseassis3) July 2, 2024

Source: Terra

Rose

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