Inception date: 29 Apr 2019 | Removal date: 30 Jun 2019

State loan

On 29 April 2019, the BNDES has announced the allocation of an additional BRL 536 million (circa USD 136.2 million at the time of the announcement) to the Moderfrota credit line for the 2018/2019 budget. This amount sums up with the BRL 8,900 million (USD 2,260 million) allocated on 6 June 2018, increasing the total resources allocated to this credit line to BRL 9,436 million (circa USD 2,397 million).

The new resources will be available until the end of the application of 2018/2019 Agricultural and Livestock Plan

The Moderfrota credit lines are intended to financing the acquisition of tractors, harvesters, cutting platforms, sprayers, planters, seeders and equipment, both to rural producers and to cooperatives.