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Brazil’s BNDES makes available US$1 billion for small rural producers

RIO DE JANEIRO, BRAZIL - The National Bank for Economic and Social Development (BNDES) will make available to small rural producers R$5.1 (US$1) billion of the 2021/2022 Crop Plan.

The resources are available until June 30, 2022. According to the bank's president, Gustavo Montezano, this is the first time that the institution allocates to the National Program for Strengthening Family Agriculture (Pronaf) R$1 to every R$4 made available in the Crop Plan.

The resources for Pronaf have expanded by 58%. In the previous harvest, small farmers received R$3.3 billion.

In total, the . . .

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