ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL

The white paper proposes increasing credit limits for Brazilian rural producers who comply with the Forest Code, specifically those without environmental liabilities or those with approved regularization programs. It argues that this alignment would use public subsidies to provide public goods (environmental conservation), improve international trade competitiveness, and accelerate agricultural modernization. The authors suggest reinstating rules from previous Central Bank resolutions (4.106/2012 and 4.226/2013) to implement these limits. Analysis of 2016/2017 data shows that 14% of the total credit volume across ten analyzed lines was granted in contracts exceeding 95% of their limits, indicating a significant potential impact for producers who could benefit from expanded limits.

• The document recommends expanding credit limits for producers who are in compliance with the new Forest Code, including those without environmental liabilities or those with approved Environmental Regularization Programs.
• Integrating rural credit with the Forest Code is presented as a viable policy because it requires no additional funds from the National Treasury, does not conflict with the technical conception of rural credit, and maintains existing distribution channels.
• Data from the 2016/2017 agricultural year indicates that 14% of the total credit volume across ten analyzed lines was granted in contracts with values above 95% of the limits, suggesting that many producers would benefit from expanded limits.
• Specific credit lines showed high concentrations of contracts near their limits in 2016/2017, with 'Recursos Obrigatórios' for funding reaching 45%, and 'Recursos Obrigatórios' for investment and 'Moderagro' both exceeding 30%.
• Historical evidence suggests that linking credit to environmental rules is effective; for example, a 2008 Central Bank resolution conditioning credit in the Amazon to environmental compliance led to a 15% reduction in deforestation between 2008 and 2011.
• The proposal aligns with the European Union's Common Agricultural Policy (CAP), where over 95% of expenditures are direct payments to producers conditioned on providing public goods such as forest conservation and biodiversity.

APA

Assunção, J., & Souza, P. (2019). ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf

Chicago

Assunção, Juliano, and Priscila Souza. ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL. Climate Policy Initiative, 2019. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf.

Wikipedia

{{cite report |last1=Assunção |first1=Juliano |last2=Souza |first2=Priscila |title=ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL |publisher=Climate Policy Initiative |date=February 2019 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{assuno2019alinhamento, author = {Assunção, Juliano and Souza, Priscila}, title = {{ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL}}, institution = {Climate Policy Initiative}, year = {2019}, month = feb, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }