Senate Approves Renegotiation of Rural Debts; Measure Goes to Sanction
Graduated in journalism from the Paulista State University Júlio de Mesquita Filho. Reporter for Revista Oeste since September 2024.
TL;DR
- The Senate approved Provisional Measure (MP) 1.376/2026, facilitating rural debt renegotiation.
- The default period eligible for renegotiation was extended from January 2024 to January 2021.
- Minimum loss percentages for certain development superintendencies were reduced.
- The use of collective reports to prove production losses was expanded, and new operations with Rural Product Notes were included.
- Provisions on e-cigarette regulation, free shops, and housing debt extensions were removed.
- Financing limits remain at R$ 400,000 (Pronaf), R$ 2 million (Pronamp), and R$ 4 million for other producers.
- Interest rates are set at 6%, 9%, and 12% annually, with potential reductions.
- The measure does not constitute debt forgiveness but rather renegotiation and longer payment terms.
- Congress was unable to lower interest rates but achieved extensions for repayment periods.