» Purpose

To help property owners repair environmental damage to property that is engaged in agribusiness, as well as the protection of native forests and remaining ecosystems.


» Clients

Companies, individual businesspeople, associations and foundations with head offices and administration in Brazil, engaged in agribusiness.


» Type of Financial Support

Direct and indirect non-automatic.


» Eligible Efforts

Support Brazilian agribusiness-oriented properties in an effort to repair environmental damage, through institutes of forest replenishment and exemption, as provided for in item III, Paragraph 6 of art. 44 of Law Nº. 4,771/65 (Forest Code).


» Eligible Items

1. Purchase of rural properties with surplus native forest, provided that the environmental authorities consider the property appropriate for forest replenishment, compared to rural properties with environmental damage, by instituting permanent forest easements to the latter;

2. Acquisition of permanent rural easements for rural properties with surplus native forest, provided that the environmental authorities consider such properties appropriate for forest replenishment, compared to rural properties with environmental damage; and

3. Acquisition of rural estate located in Conservancy Units, provided that the environmental authorities consider such properties appropriate for exemption, provided that the property is later donated to public authorities, pursuant to Article 44, Paragraph 6 of the Forest Code. 

The following transactions will not be financed:

a) negotiation of Forest Reserve Shares (CRF) or forest easements instituted for forest replenishment purposes;

b) Acquisition of forest easements instituted in properties acquired under this Program, pursuant to item 1.


» Minimum Financing Amount

• Direct operation: R$ 10 million;

• Non-automatic indirect operation: R$ 1 million.

» Interest Rate

Direct operation: Financial Cost + BNDES Basic Spread + Credit Risk Rate

Non-automatic indirect operation: Financial Cost + BNDES Basic Spread + Financial Intermediation Rate + Accredited Financial Institution Spread.


» Financial Cost

Long Term Interest Rate - TJLP


» BNDES Basic Spread

1.8% p.a..


» Accredited Financial Institution Spread

Negotiated between the Accredited Financial Institution and the Client.


» Financial Intermediation Rate

0.5 p.a.


» Credit Risk Rate

Up to 3.57% p.a. (according to client’s credit risk).


» Level of Participation

• Up to 100% (one hundred percent) of eligible items for low and medium-income cities located in Northern or Northeastern regions.

• Up to 90% (ninety percent) of eligible items for other cities located in Northern or Northeastern regions and for low and medium-income cities located in other regions.

• Up to 80% in the other cities.


» Term of Loan

Up to 15 years, determined by the payment capacity of the Client or rural producers with environmental damage yet to be repaired, at the BNDES’ discretion.


» Grace Period

Up to 12 months, according to the harvest period and cash flow of the client or rural producers with environmental damage yet to be repaired, at the BNDES’ discretion.


» Due Dates

Semi-annually or annually, according to the cash flow of the client or rural producers with environmental damage yet to be repaired, at the BNDES’ discretion.


» Guarantees and Collaterals

Set upon operation analysis.
See also: Guarantees and Collaterals.

For projects presented by non-profit entities run by rural producers, a personal guarantee is required from the Anchor Company of the group of rural properties with environmental damage yet to be repaired, even if the anchor company does not belong to the same business group as the client. In operations where the Anchor Company is the guarantor, security interests may not be required, provided that the surety meets the criteria set forth in Resolution Nº. 1,573/2008 - BNDES, of March 18, 2008.

The Anchor Company is any company that is part of the production chain and acquires the production of a given group of rural producers.


» Expiration Date

May 31, 2012


» Applications

Financial support applications may be submitted to the BNDES by means of an Inquiry Letter - filled out according to the instructions found in the Information Guide for Previous Inquiry - sent by the applicant or the accredited financial institution to:

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento - AP
Departamento de Prioridades - DEPRI
Av. República do Chile, 100 - Protocolo - Térreo
20031-917 - Rio de Janeiro /RJ.