en.Wedoany.com Reported - The Brazilian federal government has issued a provisional measure authorizing the allocation of up to 10 billion reais to a financing line aimed at promoting domestically produced innovative agricultural machinery and equipment. As part of the Move Agricultura program, this measure seeks to expand rural producers' access to credit and drive the modernization of agricultural production. Provisional Measure No. 1,374, published this Wednesday (1st), amends Article 15-A of Law No. 11,540 of November 12, 2007, allowing for the creation of a special financing line within the 2026 fiscal year.
The financing operations will be managed by the Funding Authority for Studies and Projects (Finep), with decentralized credit operations conducted through development agencies, development banks, and accredited official financial institutions. Funds will be used for projects promoting agricultural technology based on domestically produced innovative equipment. Both individuals and legal entities may apply for credit, which is classified as agricultural credit under applicable law.
Minister of Agriculture and Livestock André de Paula stated that the true value of a public policy lies in enabling more Brazilians to access credit. The Move Agricultura program expands access to financing lines, allowing not only legal entities but also individual rural producers to purchase innovative agricultural machinery and equipment manufactured in Brazil. Credit only brings change when it creates opportunities. Including both individuals and legal entities as beneficiaries helps broaden the policy's reach, democratize access to credit, and enable rural producers of all sizes to invest in domestically developed innovative equipment, thereby contributing to the modernization of agricultural production.
The Move Agricultura program was launched by Vice President Geraldo Alckmin at the 20th Bahia Farm Show in Luís Eduardo Magalhães, Bahia. The program primarily provides credit for purchasing tractors, harvesters, planters, and other agricultural implements, with annual interest rates of up to 9.2%, a maximum repayment term of 60 months, and a grace period of 12 months. The program aims to accelerate the modernization of the agricultural machinery fleet, enhance the competitiveness of domestic production, and encourage the manufacturing of more technologically advanced national equipment.
Additionally, Provisional Measure No. 1,374 authorizes financial support in the form of economic subsidies for independent sugarcane producers in the Northeast region who have suffered losses due to additional U.S. tariffs on Brazilian exports or extreme climate events. The measure was signed by President Luiz Inácio Lula da Silva during the launch ceremony of the 2026/2027 Harvest Plan (Plano Safra) for family farming on Tuesday (30th).
