en.Wedoany.com Reported - Sicredi, a cooperative financial institution, announced on Thursday (2nd) that it will provide BRL 72.1 billion in credit to rural producers during the 2026/2027 Harvest Plan (Plano Safra), an increase of 4.4% compared to the previous cycle.

The cooperative financial institution, with over 10 million members, plans to allocate funds through approximately 340,000 transactions. In terms of fund allocation, Sicredi expects to allocate BRL 27.6 billion for operational costs, BRL 15.4 billion for investments, and BRL 2 billion for sales and industrialization. Additionally, the institution plans to provide BRL 18 billion in credit through Rural Product Notes (CPR) and BRL 9 billion in foreign currency credit operations.

Regarding distribution targets, Sicredi expects to allocate BRL 13.3 billion for family farming, BRL 14.6 billion for medium-sized producers, and BRL 17.1 billion for other producers. The institution claims to be the private financial institution that grants the most rural credit in the country, with its agricultural credit portfolio reaching BRL 121 billion as of May.

Earlier this week, the government announced that the 2026/2027 Harvest Plan will provide BRL 525.1 billion in financing for medium and large producers, an increase of 1.7% over the previous plan; during the same period, the 2026/2027 Family Farming Harvest Plan will provide BRL 97.3 billion in funds.