Form 6-K BrasilAgro – Brazilian For: Oct 08

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FORM 6-K
AMERICAN SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FOREIGN PRIVATE ISSUER REPORT
IN ACCORDANCE WITH RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGES ACT OF 1934

of 8 October 2021

BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact name as specified in its charter)

BrasilAgro – Brazilian Agricultural Real Estate Company

(Translation of owner’s name)

1309 Av. Brigadeiro Faria Lima, 5th floor, São Paulo, São Paulo 01452-002, Brazil

(Address of the main executive offices)

Gustavo Javier Lopez,

Administration Officer and Investor Relations Officer,

Phone. +55 11 3035 5350, Fax +55 11 3035 5366, [email protected]

1309 Av. Brigadeiro Faria Lima, 5e ground

São Paulo, São Paulo 01452-002, Brazil

(Name, telephone, e-mail and / or fax number and address of the company contact person)

Indicate with a check mark whether the declarant is filing or will file annual returns under Form 20-F or Form 40-F.

Form 20-F ??
Form 40-F ??

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (1) of the ST Regulation:

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by Rule 101 (b) (7) of the ST Regulation:

Indicate with a check mark whether, by providing the information in this form, the declarant is also providing the information to the Commission in accordance with Rule 12g3-2 (b) under the Securities Exchange Act of 1934.

Yes ??
No ??

If “Yes” is checked, indicate below the file number assigned to the declarant under rule 12g3-2 (b): Not applicable.

Material fact

BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS

Public limited company with authorized capital

Company tax identification number (CNPJ / MF) n ° 07.628.528 / 0001-59

State Register (NIRE) 35.300.326.237

Sale of the Alto Taquari farm

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (B3: AGRO3) (NYSE: LND), in accordance with the provisions of Article 157, paragraph 4 of Law 6404/76 and Instruction No. 358/02 of the Brazilian Securities Commission (“CVM »), Informs its shareholders and the market in general that it has sold an area of ​​3,723 hectares (2,694 arable hectares) of the Alto Taquari farm, a rural property located in the municipality of Alto Taquari – State of Mato Grosso.

The total sale amount is 1,100 bags of soybeans per arable hectare or R $ 589.0 million (~ R $ 218,641 / arable ha). The return of possession of the surfaces and, consequently, the recognition of the turnover, will be carried out in two stages. In October 2021 with 2,566 hectares (1,537 arable ha), amounting to approximately BRL 336.0 million and in September 2024 with 1,157 arable ha, amounting to approximately BRL 253.0 million. The Company will continue to operate the zones until delivery.

The buyer made an initial payment of R $ 16.5 million. Later this year there will be an additional payment of 31.4 million reais and the balance is indexed in soybean bags with annual payments and an average term of 3.9 years.

From an accounting point of view, this parcel of the Farm is valued in the Company’s books at R $ 31.3 million (acquisition cost + investments net of depreciation) and has an expected internal rate of return (IRR). in R $ of 19.9%.

In view of this sale, we are selling all of the plateau areas of the Alto Taquari farm, leaving 1,308 hectares (809 arable ha) in the portfolio. The remaining area is adjacent to the areas already sold, but has different soil and elevation characteristics and, although it is not a plateau area, it is cultivated with sugar cane.

This sale is an important step for the Company, not only for its size, but above all for its ability to generate value, by optimizing operating and real estate returns, by taking advantage of the good commodity cycle.

São Paulo, October 7, 2021.

Gustavo Javier López

CAD & IRO

Investor Relations:

Telephone: +55 (11) 3035-5374

Email: [email protected]

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the declarant has duly caused this report to be signed on his behalf by the undersigned, duly authorized for this purpose.

Date: October 8, 2021 Through: / s / Gustavo Javier Lopez
Name: Gustavo Javier López
Title:

Administrative agent and

Investor Relations Officer


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