CMN reduces Pronaf interest rates to 3% per year for financing cattle farming cooperatives.

THE National Monetary Council (CMN) approved, at an ordinary meeting held yesterday (26), the reduction of the interest rate of Pronaf (National Program for Strengthening Family Farming) More Food, from 8% to 3% per year, for cooperatives in the sector with a focus on operations genetic improvement of cattle. 

The measure is aimed at financing such as semen acquisition, eggs and embryos, in addition to artificial insemination and embryo transfer.

According to Ministry of FinanceThe interest rate approved by the CMN is already being used in financing for genetic improvement. family farmersNow, with this decision, the tax rate will apply to cooperatives in the sector.

Renovagro

The CMN also approved the financing of the listed items of isolated form through RenovagroAccording to a statement released by the Ministry of Finance, the contribution is currently limited to 30% of the investment loan amount, and now, with the change, it can be… funded separately by the program. 

This text was translated by machine from Brazilian Portuguese.