Brazil authorizes banks to facilitate rural debt renegotiation

The Brazilian Ministry of Finance has released a new ordinance authorizing interest rate equalization for rural debt renegotiation operations, following Provisional Measure 1.376/2026. This move aims to unblock credit contracting that had been stalled in banks.

For corporate agriculture, ten financial institutions are authorized to operate, with Banco do Brasil set to offer the largest volume at approximately R$ 12.433 billion. Other major players include Sicoob (R$ 4.429 billion), Banrisul (R$ 3.960 billion), and Sicredi (R$ 2.5 billion).

For family farming, seven institutions will manage resources, with Sicredi leading the distribution at over R$ 1.191 billion, followed by Sicoob with R$ 362 million. Additionally, at the 4th Maranhense Family Farming Fair (FEMAF) in São Luís, the Banco do Nordeste (BNB) is offering specialized assistance for farmers to renegotiate debts or access new credit lines, including potential discounts of up to 90% on principal and interest under specific legal frameworks.