IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2017 | Removal date: 30 Jun 2018
Still in force

State loan

Furthermore, the government of Brazil also increased the budget for the Program Inovagro enclosed in the 2017/2018 Agricultural and Livestock Plan launched on June 7, 2017. The new budget was set at USD 384 million (BRL 1.26 billion) while the budget provided in the 2016/2017 Agricultural and Livestock Plan was  USD 379.5 million (BRL 1,245 million). In addition, the minimum interest rate has been decreased from 8.5% to 6.5%. Beneficiaries can apply up to USD 335,328 (BRL 1.1 million) for a 10-year deadline to invest in new technologies to boost the productivity. 

The government of Brazil also increased the budget for the Moderfrota credit lines. The new budget was set at USD 2.8 billion (BRL 9.2 billion) while the budget provided in the 2016/2017 Agricultural and Livestock Plan was USD 1.5 billion (BRL 5.05 billion). In addition, the minimum interest rate has been decreased from 8.5% to 7.5% while the maximum interest rate has been kept at 10.5%.

Beneficiaries can obtain credit lines of up to 90% of the total value of the agricultural machinery that is to be purchased, and the credits last for a maximum of 10 years.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
8432 Agricultural, horticultural or forestry machinery for soil preparation or cultivation; lawn or sportsground rollers.
843280 Other machinery
843290 Parts
8433 Harvesting or threshing machinery, including straw or fodder balers; grass or hay mowers; machines for cleaning, sorting or grading eggs, fruit or other agricultural produce, other than machinery of heading 84.37.
843311 Powered, with the cutting device rotating in a horizontal plane
843340 Straw or fodder balers, including pickup balers
843351 Combine harvesterthreshers
843359 Other
843360 Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce
843390 Parts
8436 Other agricultural, horticultural, forestry, poultrykeeping or beekeeping machinery, including germination plant fitted with mechanical or thermal equipment; poultry incubators and brooders.
843610 Machinery for preparing animal feeding stuffs
843621 Poultry incubators and brooders
843629 Other
843680 Other machinery
843691 Of poultrykeeping machinery or poultry incubators and brooders
843699 Other

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