Farmers in Rio Grande do Sul Receive Extension on Rural Credit Due to Floods
Yesterday, in a decision aimed at helping farmers affected by the recent floods in Rio Grande do Sul, the federal government extended the deadline for repayments on rural credits for producers in the region. The measure, which was announced by the Minister of Agriculture, Livestock, and Food Supply, was met with approval from the agricultural sector and associations.
The floods, which occurred in several municipalities in the state, caused significant damage to crops and livestock, resulting in major economic losses for many farmers. Many of these producers were in the process of repaying their rural credits, which were arranged through public banking institutions, such as the Brazilian Development Bank (BNDES) and the Agricultural Development Bank (BANRURAL).
The extension of the deadline for repayment of these credits is expected to provide some relief to the affected farmers, who will now have more time to recover from the losses caused by the floods. The measure also aims to help these producers to maintain their productive activities and meet their financial obligations, even in the face of this unexpected disaster.
According to the Minister, this decision will benefit around 500 farmers in the state of Rio Grande do Sul, whose credits were affected by the floods. Each of these producers will receive an extension of 12 months to pay their debts, which were previously expected to be settled sooner.
By approving this measure, the government demonstrates its commitment to supporting the agricultural sector, particularly in the face of natural disasters such as floods. The agricultural sector is a key player in the national economy and plays an important role in the growth and development of the country.
The extension of the deadline for repayment of rural credits is not the only measure taken by the government to support farmers in Rio Grande do Sul. In recent days, various government agencies have mobilized to provide assistance to those affected by the floods, such as the delivery of food and emergency equipment, as well as psychosocial support to families affected by the disaster.
In conclusion, the extension of the deadline for repayment of rural credits for farmers affected by the floods in Rio Grande do Sul is a welcome measure that will help these producers to recover from the losses caused by this disaster. It is a testament to the government’s commitment to supporting the agricultural sector and the population of the state, and will undoubtedly help to promote economic recovery and growth in the region.
The National Monetary Council (CMN) held an extraordinary meeting on Tuesday to discuss measures to help rural producers in Rio Grande do Sul affected by floods, landslides, and storms that hit the state in April, May, and June. The council decided to provide more time for rural producers to pay off debts and adjust loan installments.
For rural producers who had outstanding loan installments with banks or financial institutions, the CMN decreed an extension of the payment deadline for installments that matured between May 1st and December 13th to December 16th. This will benefit producers who meet the criteria for the discounts regulated by Decree 12,138, which aims to help rural businesses affected by natural disasters.
For those who had already filed for discounts and had their requests approved by the Rural Credit Operations Analysis Commission by September 30th but had not received a response from financial institutions by November 25th, the CMN will grant the requested discounts. For those whose requests were denied, the council authorized a new agreement with the financial institution without deductions. However, they must request by December 13th. The loan installments will be extended, but without discounts.
The CMN is composed of the Minister of Finance, Fernando Haddad, the President of the Central Bank, Roberto Campos Neto, and the Minister of Planning and Budget, Simone Tebet. The council’s decision aims to provide temporary relief to rural producers who have been affected by natural disasters, allowing them more time to recover and rebuild their businesses.
The measures will benefit farmers and rural producers who were severely impacted by the recent natural disasters in Rio Grande do Sul. The affected region includes areas hit by floods, landslides, and storms, which had devastating effects on the local economy. The CMN’s decision will provide some relief to these individuals and companies, allowing them to better manage their debts and focus on rebuilding and recovering their businesses.
The extension of the loan installments will give rural producers more time to recover from the disaster and re-structure their finances. The CMN’s decision is part of the government’s efforts to support those affected by natural disasters and ensure the continuity of agricultural activities in the region.
