The Vice President of the Republic, Geraldo Alckmin, announced this Sunday (26) the creation of a New R$10 billion credit line for the modernization of agricultural machinery and implements.The announcement was made during the opening of Agrishow, in Ribeirão Preto (SP). The resources are part of a new modality of the program. MOVE Brazil"This is aimed at the agricultural sector. 'There are R$ 10 billion to finance tractors, implements, harvesters, all agricultural machinery. Through Finep itself, directly, or through partners: cooperatives, private banks and Banco do Brasil,' said Alckmin. He highlighted that the resources will be available within three weeks, 'with much lower interest rates to finance the modernization and replacement of machinery and equipment.'"
Renegotiation of rural debts
The vice-president also stated that the government is preparing a program to renegotiate rural debts, a measure that, according to him, aims to include both defaulting and current producers. The objective is to expand the sector's investment capacity and competitiveness. "The government will address this issue. For those who are in default and even for those who are current, there will be a commitment to renegotiating debts," he anticipated. The new line follows the model of MOVE Brasil, launched for the renewal of the truck fleet in January of this year. According to the vice-president, the credit was exhausted in about 60 days.
Credit and innovation
The new MOVE Brasil program will utilize resources from the surplus of the National Fund for Scientific and Technological Development, managed by Finep, focusing on national content, innovation, and research and development. Financing is expected to be available within 20 to 30 days. For the first time, agricultural cooperatives will be able to directly access Finep credit to finance machinery, equipment, and digital agriculture solutions.
This text was translated by machine from Brazilian Portuguese.