» Purposes

 To support the development of irrigated agriculture, economically and environmentally sustainable, in order to minimize the risk in production and increase the offer of food for domestic and foreign markets; and

 To expand the storage capacity of rural properties. 

 To support fruit growing activities in temperate zones against the impacts of hail.

The operations will be made through accredited financial institutions.


» Clients

Rural producers (individuals or legal entities), and their cooperatives.


» Eligible Items

Fixed and semi-fixed investments for irrigation, storage, and protection of orchards against hail impacts, including retaining fences, comprising implementation, expansion, reform or recovery, adjustment or modernization of such items, collectively or individually.

The project supported must be located in the client’s rural property. When dealing with collective credit, it is accepted that the storage unit is built in a rural zone as close as possible to the production area of borrowers.

For individual financing, the warehouse must be setup in rural properties other than those where production takes place, provided that it is located in the countryside and does not hamper the warehousing and transport logistics of rural producers taking the loan.


» Interest Rate

6.75% p.a., including the accredited financial institution's spread of 3% p.a.


» Level of Participation

Up to 100%. 


» Financing Limit

Up to R$ 1 million per client, for individual undertaking, and up to R$ 3 million for collective undertaking, respecting the individual limit per participant for fixed and semi-fixed investments.

It is permitted the granting of more than one financing to the same client within the period between 07.01.2009 and 06.30.2010, when the activity supported requires it and is proven the payment capacity of the client; and the sum of the granted amounts does not surpass the credit limit for the Program.


» Term of Loan

Up to 96 months, including the grace period of 36 months.

The frequency of the principal's payment may be semesterly or annual. The date for the first amortization and the frequency of the principal's payment will be determined in accordance to the flow in which resources are received by the benefited property.

During the grace period, there will be no interest payments, which will be capitalized in the same frequency of payment of the principal that is agreed upon. The interest will be paid along with the principal during the amortization phase. 


» Guarantees and Collaterals

Pledge of credit rights from financial investments will not be allowed as collateral. 

For the financing of machine and equipment purchase, the goods must be guaranteed by trust property or pledge, to be kept until contract expiration.

Properties given as collateral must be insured on behalf of and in the interest of accredited financial institution, up to the final settlement of obligations.

For the Project Financing, the collaterals shall be at the accredited financial institution’s discretion, in compliance with the relevant BNDES standards.

See: Collaterals


» Expiration Date

June, 30, 2010, subject to budget limits.


» Application

The interested party should proceed to the accredited financial institution of preference that will offer information on the necessary documentation, analyze the possibility for the granting of credit and negotiate the guarantees. After approval by the institution, the operation will be forwarded for confirmation and subsequent release of resources by the BNDES.


» See

 Automatic BNDES
 Agricultural FINAME