Agribusiness caucus seeks R$ 30 billion from pre-salt fund for debts

The agribusiness caucus in Congress wants to use at least R$ 30 billion from the pre-salt social fund to ease sector debts. The proposal was discussed at a Senate meeting on Wednesday (8), called by President Davi Alcolumbre at the request of Senator Tereza Cristina (PP-MS). Finance Minister Dario Durigan signaled support for an emergency credit line.

The meeting, held on Wednesday (8), included agribusiness-linked lawmakers, government leaders Jaques Wagner (PT-BA) and Randolfe Rodrigues (PT-AP), and Finance Minister Dario Durigan. It was requested by Senator Tereza Cristina, vice-president of the FPA (Parliamentary Front for Agribusiness).

Durigan said the government could provide an emergency credit line like a provisional measure that released R$ 12 billion last year. "We have a commitment here, within this effort to deal with indebtedness, to also extend a hand, a line for the agribusiness sector," the minister stated.

The program will leverage a bill approved in the Chamber in 2025, originally for producers hit by weather events like Rio Grande do Sul floods. Reported by Afonso Hamm (PP-RS), it was expanded to various debt refinancing. In the Senate, Renan Calheiros (MDB-AL) will be the rapporteur, adapting it for broader reach, per Tereza Cristina.

The senator described a "perfect storm" in the sector: droughts and floods in Rio Grande do Sul, high interest rates, low commodity prices, rising fertilizer costs from the Iran war, and issues with Chinese pesticides. Pre-salt fund use, with R$ 52.8 billion as of December 2025, would be limited to drought- and flood-hit producers, with no fiscal impact.

A working group was agreed upon in the CAE (Economic Affairs Committee) and prior congressional dialogue for decisions. Lawmakers also noted shortcomings in rural credit lines. The proposal is expected to be finalized in coming weeks.

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Brazilian deputies celebrate first-round approval of SUAS funding bill PEC 383/17 in the Chamber of Deputies.
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Brazil's Chamber of Deputies approves SUAS funding PEC in first round

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Brazil's Chamber of Deputies approved PEC 383/17 in first round on Wednesday (April 8), setting a 1% floor of net current revenue for the Unified Social Assistance System (SUAS). The bill still requires a second round in the Chamber and Senate review. It includes a gradual rollout for the federal government and immediate allocation for states and municipalities.

Banco Agrario has enabled a debt reprogramming process for agricultural producers in 158 municipalities affected by the climate emergency under Decree 175 of 2026.

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President Luiz Inácio Lula da Silva's government plans a new credit package allowing renegotiated debts to be paid over up to four years. The program, tentatively called Desenrola 2, covers credit cards, overdrafts and non-payroll personal loans. The announcement is expected by month's end.

The Chamber of Deputies' Finance Committee began on Tuesday the detailed discussion of President José Antonio Kast's reconstruction and economic reactivation megareform, amid tensions over more than 1,295 amendments filed by the opposition.

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Colombia's Ministry of Agriculture, led by Viceminister Geidy Ortega, held a working session with rice producers from Norte de Santander to address requests and share progress on support measures. Entities including UPRA, ADR, ICA, FINAGRO, and Banco Agrario participated, along with local secretariats. Advances in programs like FAIA and direct aid were highlighted.

The Federal District government ended 2025 with a R$1 billion shortfall in its cash reserves, complicating financial support for the Banco de Brasília (BRB). The state-owned bank faces losses from suspected fraudulent operations with Banco Master, under federal police investigation. Experts say Union assistance will likely be unavoidable to resolve the crisis.

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President Luiz Inácio Lula da Silva has instructed his aides to resume dialogue with Senate President Davi Alcolumbre following the rejection of Jorge Messias for the Supreme Court. Meetings took place this week to ease tensions between the executive and Congress. The episode highlighted accumulated friction between the institutions.

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