Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 08 2023 - 6:17AM
Edgar (US Regulatory)
FORM
6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
dated
November 7, 2023
BRASILAGRO
– COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact Name as Specified in its Charter)
BrasilAgro
– Brazilian Agricultural Real Estate Company
(Translation
of Registrant’s Name)
1309
Av. Brigadeiro Faria Lima, 5th floor, São Paulo, São Paulo 01452-002, Brazil
(Address
of principal executive offices)
Gustavo
Javier Lopez,
Administrative
Officer and Investor Relations Officer,
Tel.
+55 11 3035 5350, Fax +55 11 3035 5366, ri@brasil-agro.com
1309
Av. Brigadeiro Faria Lima, 5th floor
São
Paulo, São Paulo 01452-002, Brazil
(Name,
Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Material
Fact
BRASILAGRO
– COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
Publicly-Held
Company with Authorized Capital
Corporate
Taxpayer’s ID (CNPJ/MF) No. 07.628.528/0001-59
State
Registry (NIRE) 35.300.326.237
MONITORING
OF THE AGRICULTURAL OPERATIONS ESTIMATES
2023/2024
HARVEST YEAR
BrasilAgro
– Companhia Brasileira de Propriedades Agrícolas (B3: AGRO3) (NYSE: LND), leader in Brazil in the acquisition, development
and sale of rural properties with high potential for appreciation, informs its shareholders and the market in general its estimates and
updates of the agricultural operations for the 2023/2024 harvest year.
Planted
area per culture (hectare)
Production
per culture (tons)
Due
to the high volatility in corn price, which compressing the margins, we changed the mix of planted area. To mitigate operational losses,
we reduce the corn area (1st and 2nd crop) by 9,200 hectares, this reduction was partially offset by an increase
in soybeans and beans areas, crops that have better margins.
As
a result, we plan to reduce the planted area by 3% compared to the initial estimate. Therefore, we plan to reduce grains and cotton production
by 13% compared to the initial estimate. In comparison to the last season, the total planted area grew 6.5%.
Sugarcane
Cattle
Raising
Production
costs (R$/ha)
It
is noteworthy that the estimates are hypothetical data and do not constitute a promise of performance. For more information about our
operating estimates see the respective section of our Reference Form.
São
Paulo, November 7th, 2023.
Gustavo
Javier Lopez
CFO
& DRI
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: November
7, 2023 |
By: |
/s/
Gustavo Javier Lopez |
|
|
Name: |
Gustavo
Javier Lopez |
|
|
Title: |
Administrative
Officer and
Investor Relations Officer |
3
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