O Financiamento da Agropecuária Sustentável no Cerrado

The report finds that while agricultural credit flows to the Cerrado are significant, the current financial architecture fails to align with sustainability goals. Sustainable credit is limited, highly concentrated among large producers and a few financial institutions, and lacks sufficient territorial coverage, particularly in the Matopiba region. The authors recommend improving transparency through tools like the Brazilian Sustainable Taxonomy, increasing the share of financing linked to sustainability results, and scaling innovative blended finance mechanisms to mobilize private capital.

• Between the 2020/21 and 2023/24 agricultural years, subsidized rural credit for the Cerrado reached R$ 198 billion, representing approximately 36% of all rural credit in Brazil. The Matopiba region received R$ 48.59 billion during this period, accounting for over 32% of the financing volume despite generating only about 14.5% of the agricultural production value.
• Sustainable subsidized credit is limited and concentrated, representing only 5.7% of total rural credit in the Cerrado from 2020/21 to 2023/24. Access is skewed toward large producers, with the RenovAgro and ABC programs showing higher average loan values (approximately R$ 1.2 million per installment) compared to other programs (R$ 700 thousand to R$ 750 thousand). Territorial coverage is also low, with only 40% of the biome's municipalities recording contracts under RenovAgro/ABC.
• The rural credit market in Matopiba is dominated by a few institutions, primarily Banco do Brasil and banks managing Constitutional Financing Funds (FCFs) such as Banco do Nordeste and Banco da Amazônia. This concentration is most acute in sustainable credit, where 45.5% of municipalities have either only one institution offering RenovAgro/ABC or sustainable Pronaf contracts, or none at all.
• Blended finance mechanisms show potential for complementing public credit, with nine analyzed instruments ranging in scale from R$ 20 million to over R$ 1.5 billion. However, their impact is currently limited by structural barriers such as risk perceptions, market fragmentation, and sales pipeline restrictions.

APA

Afflalo, L., Assunção, J., Hoover, N., & Wallock, W. (2026). O Financiamento da Agropecuária Sustentável no Cerrado. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Sumario-Executivo-Financiamento-Agropecuaria-Sustentavel-Cerrado.pdf

Chicago

Afflalo, Lucas, Juliano Assunção, Natalie Hoover, and William Wallock. O Financiamento da Agropecuária Sustentável no Cerrado. Climate Policy Initiative, 2026. https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Sumario-Executivo-Financiamento-Agropecuaria-Sustentavel-Cerrado.pdf.

Wikipedia

{{cite report |last1=Afflalo |first1=Lucas |last2=Assunção |first2=Juliano |last3=Hoover |first3=Natalie |last4=Wallock |first4=William |title=O Financiamento da Agropecuária Sustentável no Cerrado |publisher=Climate Policy Initiative |date=March 2026 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Sumario-Executivo-Financiamento-Agropecuaria-Sustentavel-Cerrado.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{afflalo2026financiamento, author = {Afflalo, Lucas and Assunção, Juliano and Hoover, Natalie and Wallock, William}, title = {{O Financiamento da Agropecuária Sustentável no Cerrado}}, institution = {Climate Policy Initiative}, year = {2026}, month = mar, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Sumario-Executivo-Financiamento-Agropecuaria-Sustentavel-Cerrado.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }