EN 
PT_BR 
Although the 2026/2027 Harvest Plan makes available R$610 billion for financing the next harvest, with R$525.1 billion for agribusiness and R$84.9 billion for family farming, analyzing the Central Bank's data regarding the release of rural credit resources in Brazil from June to August 2026, compared to the same period in previous years, it was observed that the release was the lowest in the last 5 years. R$85.7 billion was released in the period from June to August 2026, compared to R$95.5 billion in the months of June to August 2021, a decrease of 10.31%, returning to the pre-pandemic period.
In relation to the year 2025 (June to August 2025), the decrease was 21%, when R$108.32 billion was released. The year 2023 was, in the 11-year period, the year in which we had the largest release of rural credit resources in the period from June to August, with R$143.9 billion released. In relation to this period, the decrease from June to August 2026 was 40.4%.
The biggest impact on the drop in the release of rural credit resources was caused by the reduction in resources allocated to operating costs, a decrease of 22% from June to August 2026 compared to the same period in 2025. The release of resources for investment fell by 20% and for marketing by 8%.
Analyzing the release of rural credit resources by state, among the 10 states with the highest release of resources, Goiás was the state with the largest drop, considering the release of resources in the period from June to August 2026 compared to June to August 2025, a decrease of 43.21% (R%). This represents R$ of 4.99 billion in 2026 versus R$ of 8.79 billion in 2025. Goiás was followed by Santa Catarina with a decrease of 40.41%, Mato Grosso do Sul with a decrease of 23.81%, and Mato Grosso with a decrease of 21.01%
The top 10 states in the release of rural credit resources in the months of June to August of 2026 (RS, PR, MG, MT, SC, SP, GO, BA, MS and ES) accounted for 85.6% of all resources released (R$ 73.34 billion), a reduction of 20.7% compared to the same period of the previous year.
Last 8 years for Goiás
Specifically in the state of Goiás, the rural credit resources released from June to August 2026 are only higher than those for the same period in 2019 (June to August 2019), meaning the lowest release of resources in 8 years. In 2019, R$ 4.61 billion was released, compared to R$ 4.99 billion in the same period of 2026. In all other years, during the June to August period, the release of rural credit resources was higher than in 2026.
The largest drop in funds released in Goiás, from June to August 2026, was in operating expenses, which fell 43.81% compared to the same period in 2025, from R$5.79 billion to R$3.25 billion. Investment funds fell 37.31%, from R$1.74 billion to R$1.09 billion, and marketing funds fell 15%, from R$602 million to R$510 million.
Agricultural producers in Goiás were the most impacted by the reduction in the release of rural credit resources in the three accumulated months from June to August 2026, with a reduction of 48.31% (R$%). This represents a decrease of R$2.64 billion in 2026 compared to R$5.11 billion in 2025. Livestock farming saw a reduction of 36.11% (R$%), from R$3.68 billion in June to August 2025 to R$2.35 billion in June to August 2026.
Based on the IBGE's Municipal Livestock Survey for the year 2025, the 20 largest grain producers in Goiás were: Rio Verde, Jataí, Caiapônia, Cristalina, Campo Alegre de Goiás, Mineiros, Catalão, Piracanjuba, Goiatuba, Ipameri, Montividiu, Paraúna, Silvânia, Doverlândia, Luziânia, Chapadão do Céu, Acreúna, Santa Helena, Bom Jesus, and Perolândia, considering the production of the main crops: soybeans, corn, sunflower, sorghum, beans, rice, and wheat.
Of the total rural credit resources released in Goiás during the analyzed period in 2026, R$ 4.99 billion, the 20 largest agricultural municipalities in Goiás alone accounted for 29.43% of all the resources released, or R$ 1.47 billion. When comparing the period from June to August 2026 with the same period in 2025, the decrease in the release of rural credit resources in these 20 municipalities was 53.9%. This represents a decrease of 49.3% in resources released for operating expenses and 50.4% in resources released for investment expenses.
Santa Helena, Acreúna, Chapadão do Ceú, Catalão, and Luziânia were the municipalities that experienced the largest reductions in the release of rural credit resources in the accumulated period from June to August 2026, compared to the same period in 2025. The decreases were 86.1%, 83.4%, 78.5%, 74.4%, and 74.3%, respectively.
Rio Verde and Jataí, which ranked 1st and 2nd in resource allocation, experienced a decrease of 491% and 46.5% respectively in rural credit resources from 2025 to 2026. Rio Verde went from a total of R$699.8 million in resources released between June and August 2025 to R$356.6 million between June and August 2026. Jataí, on the other hand, went from R$317.6 million in the analyzed period in 2025 to R$169.9 million in the same period of 2026. All 20 largest agricultural producing municipalities in Goiás experienced a decrease in the release of rural credit resources during the analyzed period.
What are the reasons for this significant drop in the release of rural bank credit in Brazil as a whole, and specifically in the state of Goiás?
This decline can be explained by a combination of factors: high interest rates, increased indebtedness of rural producers, increased risk of default, falling and volatile agricultural prices, increased production costs, greater selectivity and criteria for the release of funds by banks, greater collateral requirements, extreme weather events, changes in funding sources, and reduced demand for investment are the main factors.
Therefore, we observe an increase in financing, such as CPR (Rural Product Certificate), Barter, Trading companies and agribusinesses, resellers and input manufacturers, LCA (Agribusiness Credit Bill), CRA (Agribusiness Receivables Certificate), and investment funds and own resources. In many cases, this comes with less favorable conditions regarding interest rates, terms, and guarantees. And this has led to producers increasingly taking on debt to plant the next crop.
The current scenario is even more sensitive in activities exposed to climate and market risks, requiring greater attention in the formulation of public policies that guarantee the continuity and sustainability of agricultural production.
