SICOOB Releases Over R$ 21 Billion for Rural Producers and Seeks to Expand Its Market Share

Written by Bruno Teles

Published on 14/02/2023 at 16:09

Produtores rurais – SICOOB (Foto/divulgação)

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Sicoob, One of the Most Important Supporters of Agricultural Production in Brazil, Expanded Its Releases by 21% During the First Seven Months of the 22/23 Harvest Plan. This Expansion Represented the Release of R$ 21 Billion for Rural Producers, an Increase of 55% Compared to the Same Period of the Previous Harvest.

As a result, the bank recorded 8.5 percentage points of market share, while the previous year it was at 7.6%. The Sicoob Financial Cooperative has 7 million members, of which 440 thousand are rural producers. The total amount of resources available to structure, invest, finance, and market the production of members is R$ 19 billion in rural credit and R$ 1.4 billion in CPRF.

The average ticket for the Institution for the current harvest is R$ 224,000, while for Pronaf this amount is reduced to R$ 69,800. Farmers are the Main Focus of Sicoob. 19% of producers are served by Pronaf, 25% by Pronamp, and 56% by free and controlled own resources, BNDES, FCO, and Funcafé.

Currently, 41% of the operations are directed toward livestock activities, while 59% are allocated to agriculture. Among the main crops are coffee, soybeans, corn, and sugarcane. Agribusiness is essential for the Economic Growth of Brazil. Sicoob, through its commitment to rural producers regardless of size, has moved approximately R$ 37 billion in the current harvest.

ARTICLE CONTINUES BELOW

Grains Produced in São Paulo Are Expected to Reach a New Record of 9.5 Million Tons. This Is a Milestone that Reflects the Commitment of Farmers and Producers in the State to High Quality and Agricultural Production.

The corn harvest of 2022/2023 in São Paulo shows a smaller planted area; however, the average productivity is expected to grow significantly. The rice will also have a larger harvest due to increased productivity, rising from 4,125 kg/ha to 5,686 kg/ha. This improvement in results will bring benefits to the agricultural production of the state, promoting a cycle of continuous growth.

Beans performed well in the first season, producing 2,347 kg/ha, which is 5.2% more than the previous season. However, the total production was 167.6 thousand tons – 9.4% less than the previous year. Meanwhile, corn had its production cycle extended due to low temperatures, yielding 4.19 million tons – 3.1% below last year’s harvest.

Regarding soybeans, conditions varied from region to region. In the southwest of the state, production was affected by low temperatures and light. In the northwestern part of São Paulo and in Assis, the crops are in excellent condition, with concerns only about white mold and rust. The estimated production is 3.99 million tons – 4.4% lower than the previous harvest.

SICOOB Releases Over R$ 21 Billion for Rural Producers and Seeks to Expand Its Market Share

Grains Produced in São Paulo Are Expected to Reach a New Record of 9.5 Million Tons. This Is a Milestone that Reflects the Commitment of Farmers and Producers in the State to High Quality and Agricultural Production.

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SICOOB Releases Over R$ 21 Billion for Rural Producers and Seeks to Expand Its Market Share

Grains Produced in São Paulo Are Expected to Reach a New Record of 9.5 Million Tons. This Is a Milestone that Reflects the Commitment of Farmers and Producers in the State to High Quality and Agricultural Production.

Meet the Story of Diego Ozelame, Rural Producer and Member of Sicoob São Miguel do Espumoso/RS

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

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