Provisional Measure 1.376/2026 introduces new lines of credit for rural debt.

Government authorizes renegotiation of agricultural liabilities and guarantee fund for climate events.

Provisional Measure No. 1,376/2026 was published on July 15, 2026, with immediate effect. The measure authorizes the creation of credit lines to cover debts in the rural sector and the participation of the Federal Government in a guarantee fund aimed at producers affected by adverse weather events.

The program covers financing, marketing, and industrialization operations, including debts that have been in default since January 2024 and remained in that condition until May 31, 2026, as well as investment installments and Rural Product Certificates (CPRs) registered with an entity authorized by the Central Bank. Operations registered as Federal Government Debt are excluded from the program.

Access requires proof of losses through a technical report, with a minimum reduction of 30% in expected gross income in two or more harvests between 2019 and 2025. There is also an exceptional regime, with broader limits and deadlines, for producers with losses in three or more harvests and a minimum reduction of 40% in income.

Points that require attention in the analysis.

Three aspects are central for those evaluating the framework: the 120-day deadline for contracting the new lines of credit; the dependence on complementary regulation by the National Monetary Council, which will still define operational conditions; and the maintenance of credit risk in financial institutions, which makes the quality of the application documentation a decisive factor for approval.

It is also worth highlighting the limits set for Pronaf and Pronamp, the line of credit with unrestricted funds for amounts exceeding the standard limit, and the sanctioning regime provided for in Article 9, which applies to both the producer and the professional responsible for the report in case of fraud.

The contracting of the new lines of credit does not prevent the taking out of new rural credit operations nor does it justify registration in restrictive databases, according to article 3 of the Provisional Measure.

Our office is monitoring the progress of the matter and the regulations to be issued by the CMN (National Monetary Council).

By Guilherme Caprara