» Purpose

Support production development of fruit varieties with domestic and external market potential, specially under Programa de Produção Integrada de Frutas (Fruit Integrated Production Program) - PIF BRASIL, as well as processing, industrialization, standardization and other investments necessary to enhance the quality standard and trade conditions of fruit output; and

Foster beekeeping, aquaculture, fishing, poultry farming, floriculture, horticulture, ship and goat raising, frog breeding, silk farming, hog raising, rabbit breeding, chinchilla breeding, dairy cattle breeding and animal defense, mainly the Programa Nacional de Controle e Erradicação da Brucelose e Tuberculose (Control and Eradication of Brucellosis and Tuberculosis National Program) - PNCEBT and implementation of bovine and hartebeest traceability system.

The operations will be carried out through accredited financial institutions.


» Clients

Rural producers (individuals or legal entities) and their cooperatives, who may even transfer the benefits to cooperative members.


» Eligible Items

Fixed and semi-fixed investments related to:

Modality I:

implementation , and reform of orchards, and enhancement or conversion of fruit varieties. It is granted funding for defraying the investment project expenses, which shall be limited to 35% of the investment amount, in respect to the course from maintenance expenses until first harvest; 

activities of cashew tree top replacement, new croplands (in non-irrigated and irrigated lands) and of sapling production, provided that early dwarf cashew tree varieties are used, as well as of cashew and peduncle processing units implementation;

cocoa crop specific technical project, produced by the Comissão Executiva do Plano da Lavoura Cacaueira (Cocoa Crop Plan Executive Commission) — CEPLAC, to the extent necessary to recover degraded areas and to the grafting, stand recovery and enhancement of infrastructure to this matter understood as construction and reforming barges, dryers, fermentation facility, coolers, storehouses and warehouses;

installation of agribusiness unit for processing and fruit transformation in chocolates, juices, wines, jellies, liquors, vinegars, sweets and other; and

installation, extension and modernization of vegetables warehousing units  and fruit and its derivates preparation, cleaning, standardization and wrapping systems; and

equipment and facilities implementation for orchards protection against hailstorms.

Modality II:

construction and modernization of works, equipment, waste treatment, as well as other works and equipment necessary to water and food supply to ship and goat raising, hog raising, poultry farming and silk farming activities;

improvements and equipment required to fixed and migratory beekeeping and purchase of equipment required to implement a traceability system for bee products, implementation or reform of honey collection units (honey houses), honey production and extraction, such as beehives, hives, protection equipment and honey collection equipment, honey and bee products processing and bottling;

procurement of machines, engines, reversers, winches, fish cooling and storing systems; support structure facilities and equipment, including to ships sailing, general fishing appliances; procurement of nets, cables and material for producing small ship anchors; shipping and communication equipment, and echosounders; nurseries, dams, tanks and channel construction; topography and levelling services, specifically designed to fish, shrimp and mollusk raising in aquaculture system, as well as to young fish breeding and food in first lifecycle, which is related to defraying associated to investment, installation, extension and modernization of works, as well as preparation, cleaning, standardization and storage systems for fish, shrimp and mollusks produced in aquaculture system;

Acquisition of sheep and goat breeders and spawners; 

frog breeding development;

construction of silage facilities, fertilizer, limestone and liquid manure distributor, silage machine, artificial insemination material and equipment, feed ration mixer, milking machine, chopper, alternative power generation equipment, cooling tank, crusher and forage wagons;

replacement of bovine or hartebeest breeders for rural farmers that: 
  . had joined in certification of properties free or monitored against brucellosis or tuberculosis; or the ones whose properties participate in official epidemiological survey related to said diseases; 
  . had animals slaughtered due to positive response to brucellosis and tuberculosis detecting tests; 
  . comply with all requirements related to Normative Instruction 6, of 08.01.2004, of Secretaria de Defesa Agropecuária do Ministério da Agricultura, Pecuária e Abastecimento (Defense Department of Ministry of Agriculture, Farming and Supply), and other normative instructions related to it;

sanitary and/or environmental compliance project related to activities object of this Program;

building, implementation, and modernization of improvements, purchase of equipment for general use, including animal management and contention, and alternative power sources for electricity, as well as other projects concerning food and water supply, and sewage treatment systems related to animal breeding activities supported by this Program;
;

investments necessary to implement bovine and hartebeest traceability system.

implementation or improvement of flower crops, preferably those intended to be exported, including installation, enlargement and modernization of improvements and flower preparation, cleaning, standardization and packing systems.


» Interest Rate

6.75% per year, including the compensation of the accredited financial institution which is 3% per year.


» Level of Participation

Up to 100%  


» Financing Limit

for individual projects – up to R$ 250,000 per client, in any of the modalities;

for collective projects – up to R$ 750,000 per project, observing the individual limit per participant, for fixed and semi-fixed investments set forth in modalities I and II;

for replacement of master heifers or buffalos, when it comes to financing in PNCEBT - up to R$ 100,000 per client, and up to R$ 2,000 per animal.

The limit for individual projects may rise to R$ 500,000 per client, in each modality, provided that the financed activity is located in cities in the state of Santa Catarina that were declared public calamities or in a state of emergency. Applicants must also prove they have suffered damages to production equipment due to excessive rains from October 1 to December 10, 2008.

More than one credit to the same borrower is allowed, up to June 30th, 2009, when applicable to the assisted activity, and if it is proven that the Beneficiary is capable of repayment. The sum of the amounts must not exceed the credit limits set out for the Program.


» Term of Loan

up to 96 months, accrued of grace period of up to 36 months for financing in modalities I and II.

Principal payment periodicity may be semiannual or annual, to be defined according to the granted property funding receipt flow. When it comes to financing of dairy cattle breeding, repayments may also be monthly.

During grace period, interest rate are not to be incurred, which shall be capitalized in same principal payment periodicity that is agreed upon, except to operation with MONTHLY periodicity which interests are quarterly capitalized. During repayment stage, interests shall be paid together with principal.


» Guarantees and Collaterals

In the financing of isolated machines and equipment, the fiduciary property or pledge must be constituted upon the assets object of the financing to be kept until the end of the contract payment. The assets making up the guarantee must be insured in favor and under the interest of the accredited financial institution, until the end of the payment of the obligations.

In the financing of projects, the guarantees will be left up to the accredited financial institution criteria, respecting the rules pertinent to the Central Bank of Brazil.

It will not be permitted as guarantee, the constitution of pledge of the credit rights deriving from the financial investment.

See: Collaterals


» Expiration Date

August 14th, 2009, respecting the budgetary limits. 


» Application

The interested party must go to the accredited financial institution of his/her preference which will inform what the necessary documentation is, will analyze the possibility of credit granting and will negotiate the guarantees. After approval by the institution, the operation will be forwarded for homologation and subsequent release of resources by BNDES.


» See

Automatic BNDES