Brasilagro - Companhia Brasileira de Agricedes Agrícolas (LND): Análise de Pestle [Jan -2025 Atualizado]

No cenário dinâmico da agricultura brasileira, Brasilagro surge como um jogador fundamental que navega interseções complexas de mercados globais, inovação tecnológica e desafios ambientais. Essa análise abrangente de pilotes revela as dimensões multifacetadas que moldam a trajetória estratégica da empresa, explorando como estruturas políticas, flutuações econômicas, expectativas sociais, avanços tecnológicos, restrições legais e imperativos ambientais influenciam coletivamente o ecossistema operacional de Brasilagro. Ao dissecar esses fatores externos críticos, iluminamos as intrincadas vias que definem o potencial de crescimento e resiliência sustentáveis ​​dessa empresa agrícola em um mundo cada vez mais interconectado.

Brasilagro - Companhia Brasileira de Agricades Agrícolas (LND) - Análise de Pestle: Fatores Políticos

Política Agrícola Brasileira Apoiando Agricultura Agricultura e Agricultura Orientada a Exportação em larga escala

O governo brasileiro implementou políticas específicas para apoiar a produção agrícola em larga escala:

Aspecto político	Detalhes específicos	Impacto financeiro
Linhas de crédito agrícola	Sistema Nacional de Crédito Rural (SNCR)	R $ 268,4 bilhões alocados para financiamento agrícola em 2023
Incentivos de exportação	Isenções fiscais para exportações agrícolas	Redução de aproximadamente 35% na tributação de exportação para mercadorias agrícolas

Incentivos do governo para o desenvolvimento agrícola da terra e práticas agrícolas sustentáveis

Os principais incentivos do governo incluem:

• Programa ABC (Agricultura de Baixo Carbono), fornecendo R $ 3,5 bilhões em créditos subsidiados
• Interactes fiscais para investimentos agrícolas sustentáveis
• Taxas de juros reduzidas para projetos de conservação ambiental

Instabilidade política potencial que afeta o investimento agrícola

Fatores de risco político para investimentos agrícolas:

Categoria de risco	Impacto potencial	Probabilidade
Políticas de reforma agrária	Potencial redistribuição de terras	Médio (estimada 25% de probabilidade)
Mudanças regulatórias	Potenciais modificações na tributação agrícola	Alta (estimativa de 45% de probabilidade)

Ambiente regulatório complexo

Complexidade regulatória no setor agrícola brasileiro:

• Licenciamento ambiental: 14 etapas regulatórias diferentes para o desenvolvimento da terra
• Tempo médio para a obtenção de licenças agrícolas: 18-24 meses
• Custos de conformidade estimados em 3-5% do investimento agrícola total

Brasilagro - Companhia Brasileira de Agrículos Agrícolas (LND) - Análise de Pestle: Fatores Econômicos

Papel significativo do Brasil nos mercados globais de commodities agrícolas

O Brasil é classificado como o maior exportador do mundo de soja, café, açúcar e carne bovina. Em 2023, as exportações agrícolas do Brasil atingiram US $ 125,4 bilhões, representando 14,3% do valor total de exportação do país.

Mercadoria	Volume de exportação (2023)	Participação de mercado global
Soja	95,4 milhões de toneladas	35.2%
Café	43,8 milhões de sacolas	28.5%
Açúcar	34,6 milhões de toneladas	22.7%

Preços flutuantes de commodities afetando os fluxos de receita da Brasilagro

A volatilidade dos preços das commodities influencia significativamente o desempenho financeiro de Brasilagro. Em 2023, os preços da soja variaram de US $ 12,50 a US $ 16,75 por bushel, criando incerteza substancial na receita.

Mercadoria	2023 Faixa de preço	Preço médio
Soja	$ 12,50 - $ 16,75/bushel	$ 14,62/bushel
Milho	$ 4,75 - US $ 6,25/bushel	US $ 5,50/bushel

Atratividade de investimento estrangeiro em terras agrícolas brasileiras

As terras agrícolas brasileiras atraem investimentos estrangeiros significativos. Em 2023, o investimento direto estrangeiro nos setores agrícolas brasileiros atingiu US $ 4,3 bilhões, com um preço médio da terra de US $ 3.750 por hectare.

Métrica de investimento	2023 valor
Investimento agrícola estrangeiro	US $ 4,3 bilhões
Preço médio da terra por hectare	$3,750
Taxa de crescimento de investimento estrangeiro	7.2%

Taxa de câmbio Volatilidade que afeta o comércio agrícola internacional

As flutuações da taxa de câmbio real (BRL) afetam a competitividade das exportações agrícolas. Em 2023, a taxa de câmbio BRL/USD variou entre 4,85 e 5,35, criando desafios comerciais significativos.

Par de moeda	2023 Faixa de taxa de câmbio	Taxa média
BRL/USD	4.85 - 5.35	5.10
BRL/EUR	5.30 - 5.85	5.57

Brasilagro - Companhia Brasileira de Agrículos Agrícolas (LND) - Análise de Pestle: Fatores sociais

Crescente demanda global por práticas agrícolas sustentáveis ​​e ambientalmente responsáveis

De acordo com o relatório do mercado global de agricultura sustentável, o tamanho do mercado foi avaliado em US $ 13,5 bilhões em 2022 e deve atingir US $ 23,7 bilhões até 2030, com uma CAGR de 7,2%.

Métricas de Agricultura Sustentável	2022 Valor	2030 Valor projetado
Tamanho do mercado global	US $ 13,5 bilhões	US $ 23,7 bilhões
Taxa de crescimento anual composta	7.2%	7.2%

Aumentar a conscientização do consumidor sobre a produção de alimentos e a sustentabilidade agrícola

De acordo com uma pesquisa de 2023 Nielsen IQ, 78% dos consumidores em todo o mundo estão dispostos a pagar um prêmio por produtos agrícolas produzidos de maneira sustentável.

Preferências de sustentabilidade do consumidor	Percentagem
Consumidores dispostos a pagar prêmios por produtos sustentáveis	78%
Consumidores priorizando o impacto ambiental	65%

Pressões sociais sobre o uso da terra e direitos indígenas em regiões agrícolas

No Brasil, aproximadamente 13,5% do território nacional é oficialmente reconhecido como terras indígenas, cobrindo 505 territórios indígenas a partir de 2023.

Métricas de terra indígenas	Valor
Porcentagem de território brasileiro	13.5%
Número de territórios indígenas	505

Mudanças demográficas que afetam o trabalho agrícola e a dinâmica da força de trabalho

A força de trabalho agrícola do Brasil sofreu mudanças significativas, com a população rural diminuindo de 32% em 2000 para aproximadamente 15,6% em 2022.

Indicadores de mudança demográfica	2000	2022
Porcentagem populacional rural	32%	15.6%
Idade média de trabalhadores agrícolas	45,5 anos	48,3 anos

Brasilagro - Companhia Brasileira de Agricedes Agrícolas (LND) - Análise de Pestle: Fatores tecnológicos

Tecnologias avançadas de agricultura de precisão que aprimoram o gerenciamento de culturas

Investimento em tecnologia agrícola de precisão: Brasilagro alocou R $ 12,5 milhões em 2023 para atualizações de infraestrutura tecnológica.

Tipo de tecnologia	Taxa de adoção	Melhoria de eficiência
Máquinas guiadas por GPS	78%	15,3% de aumento do rendimento da colheita
Sensores do solo	62%	22,7% de otimização de recursos
Tecnologia da taxa variável	55%	18,6% de redução de custo

Sistemas de monitoramento de satélite e drones para avaliação agrícola da terra

Cobertura de monitoramento de satélite: 185.000 hectares sob vigilância contínua de satélite em 2023.

Monitorando a tecnologia	Área monitorada (hectares)	Frequência de avaliação
Imagem de satélite de alta resolução	135,000	Quinzenal
Vigilância por drones	50,000	Semanalmente

Biotecnologia agrícola emergente e técnicas de melhoria genética de culturas

Investimento de pesquisa de biotecnologia: R $ 8,7 milhões dedicados à pesquisa de melhoria genética em 2023.

Tipo de colheita	Foco de modificação genética	Melhoria projetada de rendimento
Soja	Resistência à seca	25% aumentaram a resiliência
Milho	Resistência a pragas	30% reduziu o uso de pesticidas

Plataformas digitais para gerenciamento de dados agrícolas e tomada de decisão

Investimento de plataforma digital: R $ 5,3 milhões gastos em sistemas de gerenciamento de dados em 2023.

Recurso da plataforma	Taxa de adoção do usuário	Melhoria da eficiência da decisão
Monitoramento de culturas em tempo real	85%	40% de tomada de decisão mais rápida
Análise preditiva	72%	35% de alocação de recursos aprimorada

Brasilagro - Companhia Brasileira de Agrículos Agrícolas (LND) - Análise de Pestle: Fatores Legais

Regulamentos ambientais rigorosos que regem o uso da terra agrícola

O Código Florestal do Brasil (Lei 12.651/2012) exige requisitos legais específicos para a preservação da terra:

Bioma	Requisito de reserva legal	Área de preservação permanente
Amazon	80% da terra	35% da área de propriedade total
Cerrado	35% da terra	20% da área de propriedade total
Floresta Atlântica	20% da terra	30% da área de propriedade total

Estrutura legal complexa de propriedade e aquisição da terra

Restrições de propriedade da terra estrangeira:

Categoria	Ter uma propriedade máxima	Requisito legal
Indivíduo estrangeiro	50 módulos	Permissão de residência brasileira
Entidade corporativa estrangeira	Limitado pela Constituição Brasileira	Registro com Incra

Requisitos de conformidade para práticas agrícolas sustentáveis

Principais métricas de conformidade legal:

• Licenciamento ambiental: obrigatório para todas as operações agrícolas
• Rastreamento de emissão de carbono: necessário para propriedades com mais de 1.000 hectares
• Protocolos de conservação do solo: Monitoramento rigoroso pelo MAPA (Ministério da Agricultura)

Regulamentos comerciais internacionais que afetam as exportações agrícolas

Regulamento de exportação	Requisito de conformidade	Penalidade por não conformidade
Certificado fitossanitário	Obrigatório para todas as exportações agrícolas	Exportar suspensão
MAPA EXPORTAÇÃO DE EXPORTAÇÃO	Verificação necessária da documentação	Multas financeiras até R $ 100.000
Padrões agrícolas da OMC	Protocolos rígidos de qualidade e rastreabilidade	Restrições comerciais

Brasilagro - Companhia Brasileira de Agrículos Agrícolas (LND) - Análise de Pestle: Fatores Ambientais

Impacto das mudanças climáticas na produtividade agrícola e gestão da terra

De acordo com o relatório nacional de mudanças climáticas do Brasil, as regiões agrícolas no Brasil estão sofrendo aumentos de temperatura de 1,4 ° C entre 2000-2022. As áreas operacionais de Brasilagro em Mato Grosso e Bahia tiveram reduções de 12,6% no rendimento das culturas devido à variabilidade climática.

Região	Aumento da temperatura (° C)	Impacto do rendimento da colheita (%)
Mato Grosso	1.6	-14.3
Bahia	1.2	-10.9

Ênfase crescente em práticas agrícolas sustentáveis ​​e regenerativas

Brasilagro investiu R $ 22,7 milhões em tecnologias agrícolas sustentáveis. Os esforços de seqüestro de carbono cobrem 37.500 hectares com potencial deslocamento anual de carbono de 215.000 toneladas métricas.

Prática sustentável	Investimento (r $)	Cobertura da terra (hectares)
Agricultura no plantio direto	12,500,000	25,000
Seqüestro de carbono	10,200,000	37,500

Estratégias de Gerenciamento de Recursos Hídricos e Conservação

Brasilagro implementa técnicas de irrigação de precisão, reduzindo o consumo de água em 34,5% nas operações agrícolas. A conservação anual da água equivale a 8,7 milhões de metros cúbicos.

Técnica de gerenciamento de água	Economia de água (%)	Volume anual salvo (m³)
Irrigação por gotejamento	28.6	5,600,000
Monitoramento de precisão	5.9	3,100,000

Preservação da biodiversidade em paisagens agrícolas

Brasilagro mantém 42% das propriedades de terras como reservas de ecossistemas nativos. Os esforços de conservação protegem 15 espécies ameaçadas em 67.500 hectares de habitat natural preservado.

Métrica de conservação	Área total (hectares)	Espécies ameaçadas de extinção protegidas
Reservas do ecossistema nativo	67,500	15
Porcentagem de preservação	42%	N / D

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) - PESTLE Analysis: Social factors

Increasing global consumer demand for organic, traceable, and ESG-compliant food products.

You need to recognize that the global consumer mindset has fundamentally shifted; it's no longer just about yield, but about provenance and sustainability (ESG). The Brazilian organic food market is a clear indicator of this trend, showing explosive growth that BrasilAgro must capitalize on. The market reached a size of USD 3.7 Billion in 2024 and is projected to skyrocket to USD 15.5 Billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 16.5% over the forecast period.

This isn't a niche anymore. Consumers are actively seeking products free from synthetic pesticides and genetically modified organisms (GMOs). The challenge, and the opportunity, is pricing: 83% of organic food consumers in Brazil still perceive these products as more expensive than conventional alternatives, which means you have to justify that premium through impeccable traceability and certification. That's where the ESG (Environmental, Social, and Governance) compliance becomes a competitive edge, not just a compliance cost.

• Organic market CAGR (2025-2033): 16.5%
• 2024 Market Size: USD 3.7 Billion
• Consumer perception: 83% say organic is more expensive

Acute labor shortages in rural areas accelerate the necessity for large-scale mechanization and automation.

The labor market in rural Brazil is at a critical juncture, and it's forcing the hand of large-scale operators like BrasilAgro toward automation. Rural-to-urban migration has created an acute labor shortage, with a staggering 70% of rural properties reporting difficulties in hiring qualified personnel as of early 2025. This shortage is compounded by employee turnover in the agricultural sector, which has increased by 35% in the last decade alone.

The solution is capital investment in smart farming. The Brazil agricultural machinery market reached a valuation of USD 3.2 Billion in 2025, directly reflecting this accelerated mechanization drive. The government is even pushing this, with the New Industry Brazil initiative allocating BRL 546.6 Billion to boost agro-industrial chains through 2029, with specific targets to increase family farming mechanization rates from 25% to 28% by 2026. You defintely need to be ahead of that curve, not just meeting it.

Metric (2025 Data)	Value/Amount	Strategic Implication for BrasilAgro
Rural Properties Reporting Hiring Difficulty	70%	Mandates investment in high-capacity, automated equipment.
Brazil Agricultural Machinery Market Value	USD 3.2 Billion	Confirms the strong market for mechanization solutions.
Government Program Allocation (New Industry Brazil)	BRL 546.6 Billion (Total by 2029)	Signals long-term government support for technological adoption.

Social pressure and NGO scrutiny on land use and Indigenous/Quilombola community rights near development projects.

Land use in Brazil is a high-stakes social and political issue, and the scrutiny from non-governmental organizations (NGOs) and international bodies is intense. For a company focused on land acquisition and development, managing this social license to operate is paramount. Recent government actions highlight the political sensitivity, such as the demarcation of ten Indigenous lands announced in November 2025, which brings the total Indigenous land area to approximately 117.4 million hectares, or about 13.8% of Brazil's territory.

The rights of Quilombola communities-descendants of formerly enslaved people-are also a major focus. Brazil is home to 1,330,186 Quilombola people across over 7 thousand communities. The government signed an Action Plan for the National Quilombola Titling Agenda in April 2025, acknowledging the need to expedite a process that can take 15 to 20 years. Any development near these areas faces immediate, high-profile social pressure and legal risk. Your land portfolio strategy must now incorporate a rigorous social due diligence (SDD) process that goes beyond simple legal title.

Urbanization drives domestic food demand, but also increases the political focus on food inflation.

Brazil is highly urbanized, meaning domestic food demand is concentrated in cities, but this concentration also makes food price volatility a political flashpoint. The Extended National Consumer Price Index (IPCA) for the Food and Beverages group rose 1.17% in March 2025, contributing 45% of the monthly inflation index. This is a huge political problem because it directly impacts the average citizen's wallet.

The political focus on food inflation is clear: by March 2025, 58% of Brazilians reported reducing food purchases due to rising prices, and among the poorest strata, this figure rose to 67%. The cumulative IPCA over 12 months was 5.53% in April 2025, with food and beverages outpacing the general index, rising 7.25% over the same period (February 2025 data). This pressure means the government will continue to focus on policies that prioritize domestic supply and price stability for essential food crops, sometimes conflicting with export-focused, large-scale agriculture.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) - PESTLE Analysis: Technological factors

Widespread adoption of precision agriculture tools, including satellite monitoring of over 185,000 hectares.

The core of BrasilAgro's operational efficiency in the 2025 fiscal year hinges on its advanced use of precision agriculture (PA) technologies, essentially treating every square meter of land as a unique investment. You can't manage what you don't measure, and for a large-scale operator, that means moving beyond simple field-level data.

The company's significant scale allows for the cost-effective deployment of these tools across its vast holdings. For the 2025/2026 crop year, BrasilAgro estimates a total planted area of 172,610 hectares, which is the direct area benefiting from satellite monitoring and data-driven input application. This is a massive area to manage, and satellite-based monitoring is the only way to do it efficiently. This technology provides real-time data on vegetation health (NDVI), soil conditions, and water stress, enabling surgical-like management of resources.

Here's the quick math: optimizing inputs across 172,610 hectares means even a small percentage reduction in fertilizer or water use translates into millions of dollars in savings and a significant environmental benefit.

AI adoption is projected to increase crop yields by up to 20% by 2025 through optimized input use.

Artificial Intelligence (AI) is the engine translating raw satellite data into actionable decisions, moving agriculture from reactive to predictive. For the Brazilian market, AI adoption is projected to boost average crop yields by 15% to 20% by 2025, while also cutting input costs by up to 25% through smart resource management.

BrasilAgro is already mapping this national trend into its own forecasts. The company projects a total grain and cotton production of 442,587 tons for the 2025/2026 cycle, which is a substantial 21% increase from the estimated 366,059 tons in the prior 2024/2025 crop year. That 21% jump aligns perfectly with the upper bound of the industry's AI-driven yield increase projections. It's not just luck; it's optimized planting, targeted pest control, and predictive analytics at scale.

Metric	2024/2025 Estimate (Tons)	2025/2026 Projection (Tons)	Projected Increase
Total Grain & Cotton Production	366,059	442,587	21%
Soybean Output	(Not explicitly provided, using 2025/2026 projection)	64,872	(Specific increase not provided, but factored in 21% total)
Corn Output (First Crop)	(Not explicitly provided, using 2025/2026 projection)	99,230	(Specific increase not provided, but factored in 21% total)

Continued investment in biotechnology for crops like soy and corn to enhance drought and pest resistance.

Biotechnology is the silent partner to digital tech, providing the resilient seeds that make the precision input decisions worthwhile. The Brazilian agricultural biotechnology market in 2025 is focused on genetically improved crop varieties, especially soy and corn, tailored for the country's unique environmental challenges.

For BrasilAgro, which relies heavily on these two crops, this means:

• Drought-Tolerant Varieties: Mitigating the impact of inconsistent rainfall, a critical risk factor noted in the 2025/2026 forecasts.
• Pest-Resistant Seeds: Reducing the need for chemical pesticides, which lowers input costs and supports the company's environmental responsibility goals.
• Higher Yield Potential: Biotech seeds are the foundation that allows precision agriculture to extract maximum output from every hectare.

This biological investment is defintely a necessary hedge against the increasing climate volatility that has impacted past crop years, like the 3% reduction in planted area reported in the 2024/2025 crop year due to adverse weather.

Digital literacy gaps remain a barrier for smaller producers, but large operators benefit from data platforms.

The technology landscape is not uniform across Brazil, creating a clear competitive advantage for large, sophisticated operators like BrasilAgro. While the company benefits from scalable, insightful analytics for thousands of plots, smaller producers face significant structural barriers.

The primary obstacles come down to access and education. Barriers include high upfront costs for equipment and software, plus a significant digital literacy gap. Honestly, the data shows the scale of the problem: approximately 80% of rural producers in Brazil have only primary education, which is a major hurdle for adopting complex digital platforms. Back in 2017, about 3.5 million rural establishments-around 70%-still lacked internet access, though connectivity is improving.

This digital divide is a strategic opportunity for BrasilAgro. It means the company's investment in data platforms, skilled agronomists, and IT infrastructure creates a deep, defensible moat, allowing them to achieve superior yields and lower costs compared to the majority of the market. Smallholders are struggling to adopt, but large corporate farms are flying with data.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) - PESTLE Analysis: Legal factors

New General Environmental Licensing Act (Law No. 15,190/2025) Aims to Streamline Licensing, But Faces Legal Challenges

You're watching Brazil's regulatory environment closely, and the new General Environmental Licensing Act, Federal Law No. 15,190/2025, is a major shift. This law, enacted on August 8, 2025, is meant to bring a national standard to what was a fragmented system, which is defintely a win for predictability. But it's not a simple green light.

The core benefit for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) is the potential for faster development. The law introduces new, streamlined licenses and, critically, exempts certain low-impact agricultural activities from the licensing requirement altogether, provided the property is compliant with environmental laws. This cuts bureaucracy for your core business of cultivating species and managing extensive or semi-intensive livestock. Still, the law faced 63 presidential vetoes and is already seeing a high potential for judicialization-legal challenges that could slow down its implementation. The law itself won't fully enter into force until February 2026, which is 180 days after its publication.

• Law No. 15,190/2025 enacted on August 8, 2025.
• Exempts licensing for extensive/semi-intensive livestock on compliant properties.
• New Special Environmental License (LAE) is already in force via Provisional Measure No. 1,308/2025.

Increased Severity of Criminal Sanctions for Operating a Potentially Polluting Activity Without a Valid License

While the new licensing law aims to simplify things, the flip side is a sharp increase in the risk of non-compliance. The same law amends the Environmental Crimes Act, significantly raising the stakes for operating without a valid environmental license. This is a clear signal: the government wants fast, compliant projects, but they will punish non-compliance more harshly. You need to be certain your internal compliance is flawless, especially when converting land.

Here's the quick math on the risk: The penalty for operating a potentially polluting activity without a license now includes imprisonment of six months to two years, or a fine, or both. That prison sentence is doubled if the activity required an Environmental Impact Study (EIA). This is a material risk for any large-scale land development, so internal audits must be a priority for all land acquisitions and conversions in the 2025 fiscal year.

EU Deforestation Regulation (EUDR) Takes Full Effect in December 2025, Requiring Proof of Deforestation-Free Supply Chains for Soy and Cattle Exports

The European Union Deforestation Regulation (EUDR) is no longer a distant threat; it's a near-term reality. For large operators like BrasilAgro, the regulation becomes binding on December 30, 2025. This means every batch of soy and cattle products you export to the EU must have a Due Diligence Statement proving it did not come from land deforested after the December 31, 2020 cutoff.

The EU is Brazil's second-largest trading partner, and EUDR-covered products accounted for a massive 30% of Brazil's total trade value in 2023. So, compliance is vital for market access. The good news is that compliance is achievable. For example, a September 2025 study showed that 97.21% of soybean farms in Mato Grosso-a state responsible for approximately 27% of Brazil's total soybean output-already meet the EUDR's criteria. Your action is clear: ensure your traceability systems are fully integrated with the EUDR Information System for submitting Due Diligence Statements.

EUDR Compliance Factor	Requirement/Deadline	Impact on Brazilian Agribusiness (2023-2025)
Enforcement Date (Large Operators)	December 30, 2025	Mandatory due diligence for 30% of Brazil's total trade value.
Deforestation Cutoff Date	December 31, 2020	Requires geolocation data and proof of zero-deforestation since this date.
Soybean Compliance (Mato Grosso)	Must be deforestation-free	97.21% of farms in this key state are already compliant as of September 2025.

Tax Reform Introduces New Consumption Taxes (IBS/CBS) in 2026, with a 60% Rate Reduction for Agricultural Products

Brazil's long-awaited consumption tax reform is moving forward, and it's a net positive for agribusiness cash flow. Complementary Law No. 214/2025, sanctioned in January 2025, establishes the new dual Value-Added Tax (VAT) system: the Contribution on Goods and Services (CBS) and the Tax on Goods and Services (IBS). The transition starts in 2026 with a 1% test rate (0.9% CBS and 0.1% IBS).

The major opportunity for BrasilAgro is the preferential tax treatment. Agricultural products (excluding the national basic food basket, which gets a zero rate) will be subject to a 60% reduction in the standard IBS and CBS rates. This reduction, coupled with the new full non-cumulative system-where virtually all taxed acquisitions generate credits-should significantly boost your cash flow and reduce the final tax cost on your production. Plus, the law allows for payment postponement on the supply/import of agricultural inputs, meaning you only pay the tax when you sell your final product. That's a huge working capital benefit.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) - PESTLE Analysis: Environmental factors

Climate change is causing delayed rainy seasons, increasing the risk for the high-value safrinha (second corn crop).

You're operating in a climate that is fundamentally changing, and that change is hitting your core operations, especially the second corn crop, or safrinha. The data shows Brazilian agricultural regions have already experienced temperature increases of approximately 1.4°C between 2000 and 2022, which is driving climate variability.

This variability is not abstract; it's a direct threat to your bottom line. BrasilAgro's operational areas have already seen crop yield reductions of 12.6% due to climate unpredictability. A delayed rainy season shortens the crucial planting window for the safrinha, increasing the risk of the crop maturing during the dry season, so every day matters.

The financial exposure is clear. For the 2025/2026 crop year, the estimated cost of production for Milho Safrinha is high at R\$4,211/ha, a significant capital outlay directly exposed to a shortened, riskier growing cycle. Honestly, optimizing that planting window is the single most important action to protect your margins this year.

Major trading partners like Cargill have committed to eliminating deforestation and land conversion from their supply chains by 2025.

The market is shifting from voluntary compliance to mandatory exclusion; this is a hard deadline. Major trading partners, including Cargill, have accelerated their commitment to eliminate deforestation and land conversion from their direct and indirect supply chains in Brazil by the end of 2025.

This commitment covers key row crops like soy, corn, wheat, and cotton-all central to BrasilAgro's portfolio. To be fair, Cargill estimates that 93.72% of its total sourced volume in Brazil is already Deforestation and Conversion Free (DCF), but that remaining 6.28% is where the scrutiny will focus.

This means your traceability and land-use history must be impeccable. Any farm property with recent, unsanctioned land conversion will become a stranded asset, locked out of major export channels. The global supply chain is defintely closing the door on non-compliant land.

Climate-driven changes may negatively impact 51% of agricultural land in the Amazon and Cerrado by 2030.

The long-term regional climate outlook is a major strategic risk. Projections indicate that the vicious cycle of climate change and deforestation could severely damage or wipe out nearly 60% of the Amazon forest by 2030. This ecological collapse would fundamentally alter rainfall patterns across the entire agricultural belt, including the Cerrado.

The shift is already driving land-use change in the Cerrado biome, a key operating region. The need to find more resilient land is pushing new agricultural expansion into areas that are climatically marginal, increasing long-term operational risk.

Here's the quick math on the projected land-use changes in the Cerrado by 2046, showing the scale of the climate-driven migration and conversion:

Land-Use Change Category	Projected Area Added by 2046	Climate Risk Factor
New Cropland	129 thousand $\text{km}^2$	Projected higher annual temperatures (26-30°C)
New Pasture	418 thousand $\text{km}^2$	Expansion into areas with less reliable precipitation

The company's land development model is directly exposed to increased scrutiny on land conversion versus yield optimization.

BrasilAgro's business model-acquiring underutilized land, transforming it for higher value crops, and selling it for a capital gain-is inherently exposed to the land conversion debate. Your strategy combines operational value with land sales, which generated a net revenue of R\$1.5 billion in the 2021/2022 harvest year.

The market is now demanding proof that value creation comes from yield optimization, not just land-use change. You must clearly demonstrate that your land development is a sustainable transformation of degraded pasture, not a conversion of native vegetation. The scrutiny is intense.

The company is making the right moves by investing R\$22.7 million in sustainable agricultural technologies. Plus, your carbon sequestration efforts, covering 37,500 hectares, are a tangible counter-narrative to the land conversion risk.

Actionable Insight: Quantify and publish the yield increase from your sustainable technology investment versus the capital gain from land sales in the 2025 fiscal year to re-anchor the narrative on optimization.

• Invest R\$22.7 million in ag-tech.
• Manage 37,500 hectares for carbon sequestration.
• Mitigate climate risk through technology.