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BrasilAgro projects 25% higher 2026 sugarcane harvest

BrasilAgro details a crop-mix shift, higher projected output and cattle expansion for the 2026/2027 harvest under an expected strong El Niño.

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Form Type
6-K

Rhea-AI Filing Summary

BrasilAgro - Brazilian Agricultural Real Estate Co (LND) outlines operational estimates for the 2026/2027 harvest, planning a total planted area of 165,208 hectares, about 1% below 2025/2026. The planting plan was revised by crop and region given lower commodity prices and an expected strong El Niño.

The crop mix shifts materially: first-crop cotton area is cut by 70%, second-crop beans are discontinued, soybean area falls 5%, while first-crop corn rises 22%, second-crop cotton rises 36% (mostly irrigated), and pasture expands 21%. Estimated grain and cotton production reaches 452.9 thousand tons, about 6% above 2025/2026 realized volumes, driven mainly by soybeans and corn.

For sugarcane, 2026 harvest-year tons harvested are estimated at 2,176,350, up 25% versus 2025, with higher tons per hectare. Cattle operations are expected to grow, with the herd projected to rise to 15,554 head and meat production to 2,363,446 kg, a 62% increase. The company also provides per-hectare production cost estimates by crop and emphasizes that all figures are hypothetical estimates, not performance promises.

Positive

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Negative

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Total planted area 2026/2027 165,208 hectares Estimated total planted area for the 2026/2027 harvest, 1% below 2025/2026
Grain and cotton production 452,946 tons Estimated total for 2026/2027 harvest, 6% above 2025/2026 realized
Sugarcane tons harvested 2026 2,176,350 tons Harvest year 2026 (Apr 1–Dec 31), 25% above 2025
Cattle herd 2026/2027 15,554 head Estimated herd size for 2026/2027, up 36% from 11,470 realized in 2025/2026
Meat production 2026/2027 2,363,446 kg Estimated meat output for 2026/2027, 62% above 2025/2026 realized
Soybean production cost R$5,157 per hectare Estimated 2026/2027 soybean production cost per hectare, 2% above 2025/2026 realized
Corn production cost R$5,057 per hectare Estimated 2026/2027 corn production cost per hectare, 9% above 2025/2026 realized
Cotton production cost R$10,734 per hectare Estimated 2026/2027 cotton production cost per hectare, 20% below 2025/2026 realized
El Niño technical
"Given the weather outlook for a strong El Niño in the next cycle"
A periodic climate pattern in which surface waters in the central and eastern tropical Pacific become unusually warm, shifting global weather patterns such as rainfall, storms and temperatures. For investors, El Niño matters because those weather shifts can change crop yields, energy demand, shipping routes and insurance losses—think of it as a large thermostat reset that can boost some industries while disrupting others, affecting revenues and market prices.
TCH technical
"with TCH of 76.91, compared to 585.4 thousand tons and TCH of 75.06"
feedlot operations technical
"the Company reduced projected feedlot operations considering higher replacement"
cow-calf operations technical
"shifted its strategy from stocker/finishing to cow-calf operations following"
Reference Form regulatory
"see the projections section of our Reference Form"

FAQ

What total planted area does BrasilAgro (LND) estimate for the 2026/2027 harvest?
BrasilAgro estimates a total planted area of 165,208 hectares for the 2026/2027 harvest, about 1% below the 166,995 hectares realized in 2025/2026, reflecting a more selective plan by crop and region under an expected strong El Niño scenario.

How is BrasilAgro (LND) changing its crop mix for 2026/2027?
The company plans a 70% reduction in first-crop cotton, discontinuation of second-crop beans, and a 5% reduction in soybean area, while increasing first-crop corn by 22%, second-crop cotton by 36% (mainly irrigated), and pasture by 21%.

What production volumes does BrasilAgro (LND) project for grains and cotton in 2026/2027?
For 2026/2027, BrasilAgro projects grain and cotton production of 452.9 thousand tons, about 6% above the 426.4 thousand tons realized in the 2025/2026 harvest, mainly supported by soybeans and corn under a challenging weather outlook.

What are BrasilAgro’s (LND) sugarcane harvest estimates for 2026?
For the 2026 sugarcane harvest year (April 1 to December 31), BrasilAgro estimates 2,176,350 tons harvested, a 25% increase versus 2025’s 1,741,625 tons, with harvested area rising to 27,372 hectares and tons per hectare improving to 79.51.

How is BrasilAgro (LND) projecting its cattle operation for 2026/2027?
For 2026/2027, the company estimates a herd of 15,554 head and meat production of 2,363,446 kg, representing a 36% increase in heads and a 62% increase in meat output versus 2025/2026 realized figures, with more marginal and early-development areas allocated to pasture.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 September 4, 2026

 

BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact Name as Specified in its Charter)

 

BrasilAgro – Brazilian Agricultural Real Estate Company

(Translation of Registrant’s Name)

 

Avenida Rebouças, 2942, 6th floor

(Address of principal executive offices)

 

Gustavo Javier Lopez,

Chief Financial 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 ☐

 

 

 

 

 

'1 Material Fact BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS Publicly-Held Company with Authorized Capital CNPJ/MF No. 07.628.528/0001-59 NIRE 35.300.326.237 ESTIMATES OF AGRICULTURAL OPERATIONS 2026/2027 HARVEST YEAR BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (B3: AGRO3) (NYSE: LND), a Brazilian leader in the acquisition, development and sale of rural properties with high upside potential, informs its shareholders and the market in general of the initial estimates of its agricultural operations for the 2026/2027 harvest year. Planted Area per Culture (hectares) The production area in the 2025/2026 harvest totaled 166,995 hectares, a 3% reduction compared to the initial estimate. Throughout the cycle, the planting plan was adjusted in response to lower commodity prices and restrictions on the second-crop planting window, which reduced the attractiveness of certain crops. In this context, the Company reduced the areas allocated to cotton and beans and increased corn acreage, directing production toward crops and areas with better profitability prospects and seeking greater efficiency in resource allocation. Given the weather outlook for a strong El Niño in the next cycle, with effects varying across the regions where the Company operates, the 2026/2027 planting plan was developed more selectively, considering the expected conditions for each crop and region. The total estimated area is 165,208 hectares, 1% below the 2025/2026 harvest. In the crop mix, key changes include a 70% reduction in first-crop cotton acreage, the discontinuation of second-crop beans, and a 5% reduction in soybean acreage. In contrast, first-crop corn acreage increases by 22%, while second-crop cotton acreage increases by 36%, mostly in irrigated areas, in addition to a 21% expansion of pastureland. Planted area per culture (hectare) 25/ 26 Harvest Estimated 25/ 26 Harvest Realized Change (%) 26/ 27 Harvest Estimated Change (%) Grains 113.330 102.260 -10% 102.036 n.a Soybean 79.344 77.965 -2% 74.425 -5% Corn and Corn 2nd Crop 27.328 25.729 -6% 27.611 7% Bean and Bean 2nd Crop 6.658 2.120 -68% - n.a Sugarcane 29.677 29.683 n.a. 30.388 2% Pasture 8.649 8.847 6% 10.732 21% Cotton 4.112 3.568 -13% 2.608 -27% Other 16.841 19.083 13% 19.444 2% Total 172.610 166.995 - 3% 165.20 8 - 1%

 

 

'2 Production per Crop (tons) Grain and cotton production totaled 426.4 thousand tons in the 2025/2026 harvest, 4% below the initial estimate, reflecting the reduction in planted area, adverse weather events throughout the cycle, and operational challenges in crop development. Compared to the previous harvest, however, production increased by 16%, or 60.3 thousand tons, even with a 3% smaller harvest area. For the 2026/2027 harvest, the Company estimates production of 452.9 thousand tons, 6% above the realized production in 2025/2026, driven mainly by soybeans and corn. The plan considers a challenging weather scenario, with a strong El Niño outlook, and prioritizes crops and areas with a better risk-return profile. Sugarcane In April, we began harvesting the new sugarcane crop. Through June 30, 2026, 273.7 thousand tons had been harvested, with TCH of 76.91, compared to 585.4 thousand tons and TCH of 75.06 in the same period of the prior year. The lower volume harvested in the period, compared to the same period of the prior harvest, is related to the slower crushing pace at the mills, given lower sugar and ethanol prices. As a result, approximately 280 thousand tons originally expected to be harvested in the quarter had their harvest postponed to the following quarters. Cattle Raising Production per product (tons) 25/ 26 Harvest Estimated 25/ 26 Harvest Realized Change (%) 26/ 27 Harvest Estimated Change (%) Soybean 252.022 256.187 2% 259.138 1% Corn 64.872 72.734 12% 85.319 17% Corn - 2nd Crop 99.230 78.857 -21% 96.111 22% Beans 954 - n.a - n.a Beans - 2nd Crop 7.274 2.041 -72% - n.a Cotton 8.427 8.972 6% 2.368 -74% Cotton - 2nd Crop 9.808 7.602 -22% 10.010 32% Total 442.587 426.393 - 4% 452.946 6% Sugarcane Harvest Year Result 20 25 Harvest Realized (Apr/ 01 to Dec/ 31) 20 26 Harvest Estimated (Apr/ 01 to Dec/ 31) Change (%) 20 26 Harvest Projected (Apr/ 01 to Dec/ 31) Change (%) Tons harvested 1.741.625 2.176.350 25% 2.151.988 -1% Hectares harvested 25.782 27.372 6% 27.223 -1% TCH - Harvest tons per hectares 67,55 79,51 18% 79,09 -1% Cattle Raising 25/ 26 Harvest Estimated 25/ 26 Harvest Realized Change (%) 26/ 27 Harvest Estimated Change (%) Hectares 8.649 8.847 2% 10.732 21% Number of heads 11.567 11.470 -1% 15.554 36% Meat production (kg) 1.909.570 1.461.708 -23% 2.363.446 62% Weight Gain per Day 0,47 0,42 -10% 0,44 3% Weight Gain per hectare 221 165 -25% 220 33%

 

 

'3 We have a herd of 11.4 thousand head of cattle, distributed across 8,847 hectares of pastureland already active in Brazil and Paraguay. In Paraguay, the Company reduced projected feedlot operations considering higher replacement animal prices, due to lower cattle availability and the depreciation of the U.S. dollar against the Guarani. In Brazil, Arrojadinho Farm shifted its strategy from stocker/finishing to cow-calf operations following the sale of Preferência Farm, redirecting production toward calves in an expected scenario of higher replacement animal valuations. For the next harvest, the Company expects an increase in its herd, due to the allocation of marginal areas and areas in the first years of development to pasture, reducing the exposure of these areas to higher climate risk. Production Cost (R$/ha) It is worth noting that the estimates are hypothetical data and do not constitute a promise of performance. To learn more about the Company's operating estimates, see the projections section of our Reference Form. São Paulo, September 3, 2026. Gustavo Javier Lopez CFO & DRI Production cost (R$/ ha) 25/ 26 Harvest Estimated 25/ 26 Harvest Realized Change (%) 26/ 27 Harvest Estimated Change (%) Soybean(1) 5.247 5.074 -3% 5.157 2% Corn(1) 4.698 4.620 -2% 5.057 9% Corn 2nd Crop 4.211 4.834 15% 4.239 -12% Beans 4.121 - n.a. - n.a. Beans 2nd Crop 2.691 2.130 -21% - n.a. Cotton 12.303 13.464 9% 10.734 -20% Cotton 2nd Crop 15.421 15.876 3% 14.055 -11% Sugarcane 11.735 10.007 -15% 11.004 10% (1) includes area opening amortization

 

 

 

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: September 3, 2026 By: /s/ Gustavo Javier Lopez
    Name:  Gustavo Javier Lopez
    Title:

CFO and IRO

 

4

 

Source: View Original Filing on SEC EDGAR

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