Chamber approves rural debt MP after agreement with agriculture and inclusion of "jabutis"
Chamber approves MP for renegotiation of rural debts with changes proposed by the agricultural bloc and "jabutis". Read on Gazeta do Povo.
TL;DR
- The Chamber of Deputies approved MP 1.376/2026 for renegotiating debts of rural producers impacted by climate events (2019-2025).
- Key changes include extending the default period from Jan 1, 2024, to Jan 1, 2021, and the reference date for default from May to Oct 2026.
- Minimum gross income reduction requirements were lowered for certain regions (Sudam, Sudene, Sudeco).
- Refinancing now covers Cédulas de Produto Rural (CPRs) issued to entities beyond financial institutions, including cooperatives and suppliers.
- Collective loss reports are now permitted for micro, mini, small, and medium producers, not just for Pronaf and Pronamp.
- Operations including rural working capital, group Pronaf loans, and CCBs for debt renegotiation are now eligible.
- Repayment terms are up to eight years with two years of grace, with interest rates set at 6% (Pronaf), 9% (Pronamp), and 12% (Others) annually, with varying loan limits.
- The measure aims to curb the rise in rural credit default, which increased significantly due to successive droughts and floods.
- Included 'jabutis' alter rules for airport duty-free shops, regulate e-cigarettes under Anvisa, and extend deadlines for FCVS real estate contracts.
- Provisions for electric/hybrid vehicle financing and FNDCT loan amortization were removed.