Home Banking Santander Sees Year Of Harvest and Good Margins For Grain Producers In 2019

Santander Sees Year Of Harvest and Good Margins For Grain Producers In 2019

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Santander Brasil believes that 2019 will be another year of a record harvest of grains, with great margins for the rural producer. “Last year, we started the harvest with a bad planting window. In that year, on the contrary, we will start inside the window. In addition, producers’ margins are good and will remain robust, even at a relatively high freight cost, “explains Paulo Cesar Bertolane, Executive Superintendent of Agribusiness at the Bank.

With good prospects, Santander Brasil continues to expand its service to the sector. After inaugurating, in two years, 22 Agro stores, it intends to open between 10 and 20 business spaces only in 2019. “Three of them have already been transformed into traditional agencies – Campo Novo do Parecis (MT), Vilhena (RO) and Alta Floresta (MT), helping in the expansion of the Bank in the Country, “says the executive.

The cities included in the study were Cristalina (GO), Naviraí (MS), Posse (GO), Campo Novo do Parecis (MT), Canarana (MT), Paragominas (PA), Balsas (MA), Primavera do Leste (MT), Unai (MG), Maracaju (MS), Redencao (PA), Alta Floresta (MT), Mineiros (GO),Nova Mutum (MT), Vilhena (RO), Chapadao do Sul (MS), Sao Gabriel D’Oeste (MS), Cianorte (PR), Caceres (MT), Juara (MT), Gurupi (TO) e Pato Branco (PR)), the latter being scheduled to be inaugurated in February.

Since 2016, Santander has been reinforcing the structure of service to the sector. The Bank’s expanded credit portfolio (which considers the Bank’s Mandatory and Free Resources, BNDES, Funcafe and CPR and CDCA) increased by 145% between December 2015 and October 2018, from R $ 6.401 billion to R $ 15.686 billion, according to Febraban data. Only in 2017, when the amount reached R $ 13.03 billion, growth was 42% compared to 2016.

Santander, for the first time, had the largest volume of funds among public and private banks for the credit lines of the Coffee Economy Defense Fund (Funcafé). For the 2018/19 crop, the government provided about R $ 338.6 million – almost 7% of the total – for Santander to offer credit to domestic coffee producers and processors.

In partnership with Bunge and The Nature Conservancy (TNC), the Bank also has a US $ 50 million financing line to promote an expansion of soybean cultivation in areas without deforestation or conversion of native vegetation. These are long-term loans to producers who commit to this approach in the Cerrado, Brazil’s largest oil-exporting region.