Brazilian state-run lender Banco do Brasil BMFBOVESPA:BBAS11 said on Friday it will allocate 210 billion reais ($40.5 billion) to finance the 2026/27 crop year, reinforcing its role as the country's main agricultural lender.
Commercial agriculture will get 170 billion reais for production costs, investment, commercialization and industrialization, the lender said in a statement.
Small and medium-sized producers will receive about 40 billion reais of the total.
In the previous crop year, Banco do Brasil disbursed 209 billion reais across about 500,000 operations.
The lender is typically a pillar of the country's Safra Plan, a key government program providing farmers with subsidized loans.
The government announced the 2026/27 edition of the plan earlier this week, with a total amount of about 610 billion reais in financing.
Banco do Brasil's agribusiness portfolio stood at 418.4 billion reais at the end of the first quarter, up 3% year on year.
is a top global supplier of grains, coffee, meat, cotton and sugar.
($1 = 5.1851 reais)