PGPAF bonus with new guarantee prices includes banana, yam, and yerba mate in the month of July in Brazil

Published 2024년 7월 9일

Tridge summary

In July, three additional crops, bananas, yams, and yerba mate, were included in Brazil's Price Guarantee Program for Family Farming (PGPAF) under the National Program for Strengthening Family Farming (Pronaf). This program provides bonus discounts on financing for crops whose received prices were below the set guarantee. The program's standards were adjusted, and the list of benefiting states for some crops was changed. Meanwhile, beans, sunflowers, and mangoes are no longer receiving the bonus as market prices have recovered. The ordinance, which details the product guarantee prices and bonus percentages, is published by the Ministry of Agrarian Development and Family Agriculture.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Three more products were included in the Price Guarantee Program for Family Farming (PGPAF) in July. Bananas, yams and yerba mate are now on the list of crops entitled to bonus discounts on financing from the National Program for Strengthening Family Farming (Pronaf). The percentage is calculated by the National Supply Company (Conab) and the complete list of products covered was published this Tuesday (9), in the Official Gazette of the Union. The program benefits crops whose values received by the producer were below the guarantee. The highlight this month are the new prices that came into force as of CMN Resolution No. 5,154, of 07/02/24. The document adjusted the program's standards and approved the current indices for funding and investment operations for the period from 07/10/2024 to 07/9/2025. Among the 15 items included in this month's list, there were changes in some of the benefiting states. In relation to the previous month, bananas were increased in the states of ...

Source: Conab