Agronegócio ficará com pouco menos de 17% do novo crédito anunciado pelos bancos públicos contra crise do coronavírus

Agribusiness Will Get Just Under 17% Of The New Credit Announced By Public Banks To Combat The Coronavirus Crisis

Written by Roberta Souza

Published on 23/03/2020 at 09:43

agronegócio, coronavírus, exportações

Seja o primeiro a reagir!

Only 17% of Public Bank Aid Will Be Allocated to Agribusiness as a Measure Against the Coronavirus Crisis

Agribusiness, responsible for years for the good results in GDP, positive trade balance, and turnover of the Brazilian economy, will receive just under 17% of the new credit announced by public banks as a relief measure against the coronavirus pandemic.

Also See:

The total aid, in billions, will be distributed among the following sectors:

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

Companies – R$ 88 billion;

Purchase of small and medium bank portfolios – R$ 30 billion;

Individuals – R$ 24 billion;

Hospitals, states, and municipalities – R$ 6 billion;

Agribusiness – R$ 30 billion;

The negotiations to provide the capital should focus on expanding credit for working capital, deferring debt installments, and extending debt maturities. Of the R$ 30 billion released for agribusiness, R$ 25 billion come from Banco do Brasil and R$ 5 billion from Caixa Econômica Federal.

The difference in the amount granted between the two banks will not lead to a market dispute. Caixa does not anticipate future expansion of these credit lines, and the focus of the granted amount will be on micro and small businesses.

Agribusiness has access to credit lines with different particularities compared to other sectors, such as conditions and deadlines (linked to harvests). However, there is no impediment to obtaining capital under normal conditions.

According to CNA (National Confederation of Agriculture and Livestock of Brazil), agribusiness is responsible for 21% of Brazil’s GDP and for keeping the Brazilian trade balance in surplus. Annually, it records a positive balance that offsets the deficits of all other sectors.

In 2019, R$ 97 billion was the balance of Brazilian exports from the sector, products mainly destined for China, the European Union, and the United States (heavily affected by the Coronavirus).

Agribusiness Will Get Just Under 17% Of The New Credit Announced By Public Banks To Combat The Coronavirus Crisis

Only 17% of Public Bank Aid Will Be Allocated to Agribusiness as a Measure Against the Coronavirus Crisis

Also See:

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

After 14 years of waiting, a rammed earth mansion built in 1702 in the North Zone of São Paulo will become a park with leisure facilities and green areas, with a million-dollar investment.

With 2 unfinished nuclear reactors, up to 25 billion in costs, and proven fraud, the Nukegate case has left 800,000 consumers still paying today for energy that will never be produced.

Expedition 501: Scientists drill into the ocean floor and discover a giant reserve of fresh water hidden beneath the sea, extracting nearly 50,000 liters and revealing an invisible system that could reshape the map of water scarcity.

Larger than entire cities in Brazil: BYD is building a 4.6 km² complex in Bahia with a capacity for 600,000 vehicles per year, but the discovery of 163 workers in conditions analogous to slavery has shaken the entire project.

Agribusiness Will Get Just Under 17% Of The New Credit Announced By Public Banks To Combat The Coronavirus Crisis

Only 17% of Public Bank Aid Will Be Allocated to Agribusiness as a Measure Against the Coronavirus Crisis

Also See:

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Larger than entire cities in Brazil: BYD is building a 4.6 km² complex in Bahia with a capacity for 600,000 vehicles per year, but the discovery of 163 workers in conditions analogous to slavery has shaken the entire project.

Unable to pass through Hormuz, Brazil activated a plan B that uses Turkey as a gateway to the Middle East: the route through Gibraltar and the Mediterranean is longer and more expensive but ensures that chicken, beef, and corn continue to reach Arab markets.

You grew up hearing that the good coffee from Brazil goes all abroad and the bad coffee stays for Brazilians, but this story has completely changed, and the numbers show that in the 1980s, thirty percent of the coffee sold here was adulterated with corn and barley.

Engineer creates reforestation method that transforms small plots into dense forests in a few years using local biomass and can reduce environmental recovery costs.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

After 14 years of waiting, a rammed earth mansion built in 1702 in the North Zone of São Paulo will become a park with leisure facilities and green areas, with a million-dollar investment.

With 2 unfinished nuclear reactors, up to 25 billion in costs, and proven fraud, the Nukegate case has left 800,000 consumers still paying today for energy that will never be produced.

Expedition 501: Scientists drill into the ocean floor and discover a giant reserve of fresh water hidden beneath the sea, extracting nearly 50,000 liters and revealing an invisible system that could reshape the map of water scarcity.

Larger than entire cities in Brazil: BYD is building a 4.6 km² complex in Bahia with a capacity for 600,000 vehicles per year, but the discovery of 163 workers in conditions analogous to slavery has shaken the entire project.