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Agribusiness seen attracting foreign investors to capital markets
Published December 17, 2025
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Anbima highlights potential of Brazil’s farm sector at São Paulo event
Challenges and opportunities for financing Brazil’s agribusiness sector through private instruments, an increasingly important complement to public resources, were among the topics discussed at the event “Agribusiness and the Capital Markets,” held in early December in São Paulo.
Organized by the Brazilian Agribusiness Law Institute (IBDA), the Securities and Exchange Commission of Brazil (CVM), the Brazilian Institute of Agribusiness Law (IPA), the Brazilian Financial and Capital Markets Association (Anbima), and the B3 stock exchange, the event brought together experts to debate how market-based solutions can help fund a sector that continues to expand.
At a panel on innovation and the evolution of financial markets in agribusiness, one of the key paths identified was expanding foreign investment to bring more capital into the sector. According to Anbima board member Flavia Palacios, who also coordinates the association’s Securitization Committee, agribusiness has the right characteristics to attract international capital. She said the sector could “open the door for foreign investors looking to enter the capital markets here.”
Sustainable bonds
“Agribusiness offers fixed-income instruments with relatively short maturities tied to harvest cycles. That’s appealing to investors who want to test the waters and understand how this market works,” she explained. Exchange rates also work in the sector’s favor, given its strong export profile. “Brazilian agribusiness has a natural hedge to the dollar—it’s already effectively dollarized, so this reduces operational risk and makes transactions easier,” she noted.
Palacios also pointed to the growing global demand for sustainable bonds as a competitive edge for Brazil: “The global supply isn’t yet large, but the potential in Brazilian agribusiness is.”
“When I say it’s a gateway, I mean we offer enough of the right conditions for investors to take that first step. And once they do, they begin to understand how interest rates work in Brazil, how inflation behaves, and how the currency moves. Eventually they may feel confident enough to expand into other sectors,” she added.
New crowdfunding rules
Other speakers on the panel included Moacir Teixeira, founding partner at Ecoagro; Leonardo Rezende, head of corporate and capital markets at B3; José Alves Ribeiro Júnior, partner at law firm VBSO Advogados; and Bruno Gomes, head of Securitization and Agribusiness at CVM. Gomes shared insights on the new crowdfunding rules currently under public consultation.
The proposed regulation governs public offerings of securities by small businesses, carried out via investment-based crowdfunding platforms without the need for prior registration. It is set to replace CVM Resolution 88 and is among the regulator’s top priorities for 2026.
“We now recognize individual farmers as securities issuers within crowdfunding, so they’ll be able to offer their Rural Product Notes (CPRs) directly through these platforms,” Gomes said. He also outlined some of the operational limits under the draft rule. “This is just the first step. We want to attract strong, well-structured farmers—those with solid governance and audited financials—to help bridge the gap between agribusiness and the capital markets.”
Part of the AgroCapitais project
The event is part of AgroCapitais, a project launched in 2022 to connect stakeholders across agribusiness value chains with investors and introduce new sources of financing through the capital markets. These efforts to strengthen and modernize Brazilian agribusiness—by deepening dialogue with new players and institutions—are a key part of Anbima in Action, a set of strategic priorities for 2025–2026.
On the educational front, one of the initiatives included the launch of a technical guide for bond structurers. The publication provides minimum information requirements to help assess rural producers and aims to standardize criteria and improve the speed and transparency of transactions in which producers originate the underlying credit.
About Anbima in Action
Anbima in Action is a strategic roadmap that outlines the Association’s top priorities for 2025 and 2026. It was developed based on extensive consultation with members, emerging players, regulators, and Anbima leadership. The agenda is built on three main pillars: representation, data intelligence, and reducing compliance costs.
In addition to these pillars, the plan includes initiatives already underway that are considered strategic for the market and Anbima’s future: sustainability, international investment, digital finance, artificial intelligence, and education.
Agribusiness seen attracting foreign investors to capital markets
Published December 17, 2025
To share
Anbima highlights potential of Brazil’s farm sector at São Paulo event
Challenges and opportunities for financing Brazil’s agribusiness sector through private instruments, an increasingly important complement to public resources, were among the topics discussed at the event “Agribusiness and the Capital Markets,” held in early December in São Paulo.
Organized by the Brazilian Agribusiness Law Institute (IBDA), the Securities and Exchange Commission of Brazil (CVM), the Brazilian Institute of Agribusiness Law (IPA), the Brazilian Financial and Capital Markets Association (Anbima), and the B3 stock exchange, the event brought together experts to debate how market-based solutions can help fund a sector that continues to expand.
At a panel on innovation and the evolution of financial markets in agribusiness, one of the key paths identified was expanding foreign investment to bring more capital into the sector. According to Anbima board member Flavia Palacios, who also coordinates the association’s Securitization Committee, agribusiness has the right characteristics to attract international capital. She said the sector could “open the door for foreign investors looking to enter the capital markets here.”
Sustainable bonds
“Agribusiness offers fixed-income instruments with relatively short maturities tied to harvest cycles. That’s appealing to investors who want to test the waters and understand how this market works,” she explained. Exchange rates also work in the sector’s favor, given its strong export profile. “Brazilian agribusiness has a natural hedge to the dollar—it’s already effectively dollarized, so this reduces operational risk and makes transactions easier,” she noted.
Palacios also pointed to the growing global demand for sustainable bonds as a competitive edge for Brazil: “The global supply isn’t yet large, but the potential in Brazilian agribusiness is.”
“When I say it’s a gateway, I mean we offer enough of the right conditions for investors to take that first step. And once they do, they begin to understand how interest rates work in Brazil, how inflation behaves, and how the currency moves. Eventually they may feel confident enough to expand into other sectors,” she added.
New crowdfunding rules
Other speakers on the panel included Moacir Teixeira, founding partner at Ecoagro; Leonardo Rezende, head of corporate and capital markets at B3; José Alves Ribeiro Júnior, partner at law firm VBSO Advogados; and Bruno Gomes, head of Securitization and Agribusiness at CVM. Gomes shared insights on the new crowdfunding rules currently under public consultation.
The proposed regulation governs public offerings of securities by small businesses, carried out via investment-based crowdfunding platforms without the need for prior registration. It is set to replace CVM Resolution 88 and is among the regulator’s top priorities for 2026.
“We now recognize individual farmers as securities issuers within crowdfunding, so they’ll be able to offer their Rural Product Notes (CPRs) directly through these platforms,” Gomes said. He also outlined some of the operational limits under the draft rule. “This is just the first step. We want to attract strong, well-structured farmers—those with solid governance and audited financials—to help bridge the gap between agribusiness and the capital markets.”
Part of the AgroCapitais project
The event is part of AgroCapitais, a project launched in 2022 to connect stakeholders across agribusiness value chains with investors and introduce new sources of financing through the capital markets. These efforts to strengthen and modernize Brazilian agribusiness—by deepening dialogue with new players and institutions—are a key part of Anbima in Action, a set of strategic priorities for 2025–2026.
On the educational front, one of the initiatives included the launch of a technical guide for bond structurers. The publication provides minimum information requirements to help assess rural producers and aims to standardize criteria and improve the speed and transparency of transactions in which producers originate the underlying credit.
About Anbima in Action
Anbima in Action is a strategic roadmap that outlines the Association’s top priorities for 2025 and 2026. It was developed based on extensive consultation with members, emerging players, regulators, and Anbima leadership. The agenda is built on three main pillars: representation, data intelligence, and reducing compliance costs.
In addition to these pillars, the plan includes initiatives already underway that are considered strategic for the market and Anbima’s future: sustainability, international investment, digital finance, artificial intelligence, and education.
Agribusiness seen attracting foreign investors to capital markets
Published December 17, 2025
To share
Anbima highlights potential of Brazil’s farm sector at São Paulo event
Challenges and opportunities for financing Brazil’s agribusiness sector through private instruments, an increasingly important complement to public resources, were among the topics discussed at the event “Agribusiness and the Capital Markets,” held in early December in São Paulo.
Organized by the Brazilian Agribusiness Law Institute (IBDA), the Securities and Exchange Commission of Brazil (CVM), the Brazilian Institute of Agribusiness Law (IPA), the Brazilian Financial and Capital Markets Association (Anbima), and the B3 stock exchange, the event brought together experts to debate how market-based solutions can help fund a sector that continues to expand.
At a panel on innovation and the evolution of financial markets in agribusiness, one of the key paths identified was expanding foreign investment to bring more capital into the sector. According to Anbima board member Flavia Palacios, who also coordinates the association’s Securitization Committee, agribusiness has the right characteristics to attract international capital. She said the sector could “open the door for foreign investors looking to enter the capital markets here.”
Sustainable bonds
“Agribusiness offers fixed-income instruments with relatively short maturities tied to harvest cycles. That’s appealing to investors who want to test the waters and understand how this market works,” she explained. Exchange rates also work in the sector’s favor, given its strong export profile. “Brazilian agribusiness has a natural hedge to the dollar—it’s already effectively dollarized, so this reduces operational risk and makes transactions easier,” she noted.
Palacios also pointed to the growing global demand for sustainable bonds as a competitive edge for Brazil: “The global supply isn’t yet large, but the potential in Brazilian agribusiness is.”
“When I say it’s a gateway, I mean we offer enough of the right conditions for investors to take that first step. And once they do, they begin to understand how interest rates work in Brazil, how inflation behaves, and how the currency moves. Eventually they may feel confident enough to expand into other sectors,” she added.
New crowdfunding rules
Other speakers on the panel included Moacir Teixeira, founding partner at Ecoagro; Leonardo Rezende, head of corporate and capital markets at B3; José Alves Ribeiro Júnior, partner at law firm VBSO Advogados; and Bruno Gomes, head of Securitization and Agribusiness at CVM. Gomes shared insights on the new crowdfunding rules currently under public consultation.
The proposed regulation governs public offerings of securities by small businesses, carried out via investment-based crowdfunding platforms without the need for prior registration. It is set to replace CVM Resolution 88 and is among the regulator’s top priorities for 2026.
“We now recognize individual farmers as securities issuers within crowdfunding, so they’ll be able to offer their Rural Product Notes (CPRs) directly through these platforms,” Gomes said. He also outlined some of the operational limits under the draft rule. “This is just the first step. We want to attract strong, well-structured farmers—those with solid governance and audited financials—to help bridge the gap between agribusiness and the capital markets.”
Part of the AgroCapitais project
The event is part of AgroCapitais, a project launched in 2022 to connect stakeholders across agribusiness value chains with investors and introduce new sources of financing through the capital markets. These efforts to strengthen and modernize Brazilian agribusiness—by deepening dialogue with new players and institutions—are a key part of Anbima in Action, a set of strategic priorities for 2025–2026.
On the educational front, one of the initiatives included the launch of a technical guide for bond structurers. The publication provides minimum information requirements to help assess rural producers and aims to standardize criteria and improve the speed and transparency of transactions in which producers originate the underlying credit.
About Anbima in Action
Anbima in Action is a strategic roadmap that outlines the Association’s top priorities for 2025 and 2026. It was developed based on extensive consultation with members, emerging players, regulators, and Anbima leadership. The agenda is built on three main pillars: representation, data intelligence, and reducing compliance costs.
In addition to these pillars, the plan includes initiatives already underway that are considered strategic for the market and Anbima’s future: sustainability, international investment, digital finance, artificial intelligence, and education.
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