Brazil's National Monetary Council (CMN) has approved the regulatory framework for the special line of rural debt renegotiation (MP 1.376/2026), granting producers until November 12 to contract new loans designed to restructure up to R$100 billion in distressed agricultural credit. The measure, which offers debtors a crucial two-year grace period and up to eight years for installment payments, is a critical relief valve for the agribusiness sector, but its implementation places the full credit risk squarely on the shoulders of the financial institutions, impacting lenders like Banco do Brasil (**BBAS3**). The CMN resolution grants banks the full autonomy to decide whether or not to offer the credit line, making this not a mandate, but a significant new portfolio management challenge for Brazil's primary rural lenders.