Brazil's CMN Approves New Rural Debt Renegotiation Rules for Farmers

The Conselho Monetário Nacional (CMN) approved Resolution 5.330/2026, activating the provisional measure MP 1.376/2026 that creates a new credit framework for producers and agricultural cooperatives to refinance rural debts incurred between 2019 and 2025. Eligible beneficiaries – farmers under Pronaf, Pronamp, other producers and cooperatives – must prove a loss of at least 30 % in two harvests (or 40 % in three harvests) due to climate events or price drops.

The program sets differentiated limits and interest rates: up to R$ 400 000 for Pronaf farmers at 6 % a year, up to R$ 2 million for Pronamp at 9 %, and up to R$ 4 million for other producers at 12 %, with repayment terms of eight to ten years and a two‑year grace period. More severe loss cases receive higher caps (e.g., up to R$ 500 000 for Pronaf at 5 % interest) and longer terms. The credit can be used to settle or amortise existing rural credit contracts and Cédulas de Produto Rural (CPRs). The deadline to contract the new financing is 12 November.

In parallel, the CMN regulated a R$ 10 billion Finep “Move Agrícola” line that funds agricultural machinery and precision‑farming technology, offering up to R$ 30 million per beneficiary at a blended interest of up to 7.12 % per year. Government estimates suggest more than R$ 100 billion of rural debt could be renegotiated nationwide under the new rules.