BrasilAgro cuts 2026/27 grain and cotton forecast 3%

By October 22, 49% of planned soybean acreage was planted, 17 days ahead of the prior crop year; slower Maranhão mill crushing deferred approximately 175,000 metric tons.

Available on EDGAR 11/04/2026 - 07:49 AM EST Accepted by SEC EDGAR 11/04/2026 - 07:49 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

BrasilAgro (LND) projected 164,664 hectares of planted area for the 2026/27 crop year, 1% below the 2025/26 crop year. The plan reduces first-crop corn area by 15% and second-crop corn by 5%, while soybean area rises 1% and other crops, including cover crops, rise 8%. Projected grain and cotton production is 439,300 metric tons, 3% below the initial estimate and 3% above the prior crop year.

Soybean output is projected at 261,200 metric tons, 1% above the initial projection; first-crop corn is 73,100 metric tons, 14% lower, and second-crop corn is 92,600 metric tons, 4% lower. As of October 22, 2026, 49% of planned soybean acreage was planted, 17 days ahead of the prior crop year.

Sugarcane output is projected at 2.06 million metric tons, versus an initial 2.18 million; slower mill crushing in Maranhão deferred approximately 175,000 metric tons to the next quarter. As of September 30, 2026, 1.2 million metric tons had been harvested, compared with 1.6 million in the same prior-year period. Cattle inventory was 13,100 head, and quarterly beef production was 415,000 kilograms, with average weight gain of 0.36 kilograms per day. The estimates are hypothetical and are not a promise of performance.

Filing Explained

BrasilAgro lists projected 2026/27 production costs per hectare by crop; these are estimates, not reported spending.

Key Figures

Projected planted area: 164,664 hectares Grain and cotton production: 439,300 metric tons Soybean production: 261,200 metric tons +5 more

8 metrics

Projected planted area 164,664 hectares 2026/27 crop year; 1% below the 2025/26 crop year

Grain and cotton production 439,300 metric tons 2026/27 estimate; 3% below the initial estimate and 3% above the prior crop year

Soybean production 261,200 metric tons 2026/27 estimate; 1% above the initial projection

First-crop corn production 73,100 metric tons 2026/27 projection; 14% below the estimate

Second-crop corn production 92,600 metric tons 2026/27 estimate; 4% decrease

Sugarcane production 2.06 million metric tons 2026 forecast, compared with the initial estimate of 2.18 million metric tons

Cattle inventory 13,100 head Operational inventory

Quarterly beef production 415,000 kilograms Quarterly production; average weight gain was 0.36 kilograms per day

Key Terms

optimal planting window, cover crops, TCH, area opening amortization

4 terms

optimal planting window technical

"planted within the optimal planting window"

cover crops technical

"other crops, including cover crops"

TCH technical

"estimated TCH of 77.05"

area opening amortization financial

"includes area opening amortization"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is BrasilAgro's projected 2026/27 grain and cotton production?

BrasilAgro estimates 439,300 metric tons of grain and cotton production for 2026/27, 3% below the initial estimate and 3% above the prior crop year.

What is BrasilAgro's 2026 sugarcane production forecast?

The projected 2026 sugarcane crop is 2.06 million metric tons, compared with the initial estimate of 2.18 million metric tons. In Maranhão, slower crushing at the mills deferred approximately 175,000 metric tons of sugarcane to the next quarter.

How much of BrasilAgro's soybean acreage was planted within the optimal planting window?

72.9% of the soybean area planted by October 22, 2026, was planted within the optimal planting window. The company also stated that 53% of the planted area used company-owned seed.

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

Form 6-K: How Foreign Companies Report to the SEC →

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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 November 3, 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, 5^th 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 total area projected for the 2026/27 crop year is 164,664 hectares, in line with the estimate disclosed in 4Q26 and 1% smaller than the 2025/26 area. The estimate reflects a 15% decrease in first-crop corn area, which is concentrated in Mato Grosso, as well as a 5% decrease in second-crop corn area. Conversely, the soybean area expands 1%, while the area allocated to other crops, including cover crops, advances 8%. With no recovery in corn prices, some land less suited to corn was placed in fallow or planted with cover crops. In other areas, stronger soybean prices made soybeans more profitable than corn. Accordingly, the revised planting plan maintains the selective allocation of acreage established for the 2026/27 crop year, prioritizing crops and regions with a more favorable risk-return profile. Production per Crop (tons) Planted area per culture (hectare) 25/ 26 Harvest Realized 26/ 27 Harvest Estimated Change (%) 26/ 27 Harvest Projected Change (%) Grains 105.814 102.036 -4% 100.359 -2% Soybean 77.965 74.425 -5% 75.474 1% Corn and Corn 2nd Crop 25.729 27.611 7% 24.885 -10% Bean and Bean 2nd Crop 2.120 - n.a - n.a Sugarcane 29.683 30.388 2% 29.897 -2% Pasture 8.847 10.732 21% 10.732 n.a Cotton 3.568 2.608 -27% 2.608 n.a Other 19.083 19.444 2% 21.068 8% Total 166.995 165.20 8 - 1% 164.664 n.a Production per product (tons) 25/ 26 Harvest Realized 26/ 27 Harvest Estimated Change (%) 26/ 27 Harvest Projected Change (%) Soybean 256.187 259.138 1% 261.192 1% Corn 72.734 85.319 17% 73.123 -14% Corn - 2nd Crop 78.857 96.111 22% 92.582 -4% Beans - 2nd Crop 2.041 - n.a - n.a Cotton 8.972 2.368 -74% 2.368 n.a Cotton - 2nd Crop 7.602 10.010 32% 10.010 n.a Total 426.393 452.946 6% 439.275 - 3%

'2 Estimated grain and cotton production for the 2026/27 crop year is 439,300 metric tons, 3% below the initial estimate and 3% above the prior crop year. Soybean production is estimated at 261,200 metric tons, up 1% from the initial projection, while first-crop corn production was revised to 73,100 metric tons, down 14%, primarily due to a smaller planted area. For second-crop corn, the estimate is 92,600 metric tons, a 4% decrease. As of October 22, 2026, 49% of the planned soybean acreage had been planted, 17 days ahead of the previous crop year. Of the total planted area, 72.9% was planted within the optimal planting window, and 53% was planted with company-owned seed. Sugarcane The 2026 sugarcane harvest continues to be affected by weather conditions and the crushing pace of the mills. As of September 30, 2026, 1.2 million metric tons had been harvested, with 75.86 metric tons of cane per hectare (TCH), compared with 1.6 million metric tons and a TCH of 69.46 in the same period of the prior crop year. In Maranhão, the slower crushing pace at the mills delayed the harvest and led to the deferral of approximately 175,000 metric tons of sugarcane to the next quarter. In light of these conditions, the Company revised its 2026 crop production forecast to 2.06 million metric tons, with estimated TCH of 77.05, compared with the initial estimate of 2.18 million metric tons and TCH of 79.51. Cattle Raising We have an inventory of 13,100 head of cattle distributed over 10,000 hectares of active pasture in Brazil and Paraguay. Beef production came to 415,000 kilograms (kg) in the quarter, with an average weight gain of 0.36 kg per day. Note that the first months of each crop year historically register lower weight gain, due to the rainfall distribution and pasture availability. Sugarcane Harvest Year Result 2025 Harvest Realized (Apr/ 01 to Dec/ 31) 2026 Harvest Estimated (Apr/ 01 to Dec/ 31) Change (%) 2026 Harvest Projected (Apr/ 01 to Dec/ 31) Change (%) Tons harvested 1.741.625 2.176.350 25% 2.055.243 -6% Hectares harvested 25.782 27.372 6% 26.676 -3% TCH - Harvest tons per hectares 67,55 79,51 18% 77,05 -3% Cattle Raising 25/ 26 Harvest Realized 26/ 27 Harvest Estimated Change (%) 26/ 27 Harvest Projected Change (%) Hectares 8.847 10.732 21% 10.732 n.a Number of heads 11.470 15.554 36% 14.934 -4% Meat production (kg) 1.461.708 2.363.446 62% 2.327.312 -2% Weight Gain per Day 0,42 0,44 3% 0,44 1% Weight Gain per hectare 165 220 33% 217 -2%

'3 Production Cost (R$/ha) It is worth noting that the estimates are hypothetical data and do not constitute a promise of performance. To learn more about the Company's operating estimates, see the projections section of our Reference Form. So Paulo, November 3, 2026. Gustavo Javier Lopez CFO & DRI Production cost (R$/ ha) 25/ 26 Harvest Realized 26/ 27 Harvest Estimated Change (%) 26/ 27 Harvest Projected Change (%) Soybean(1) 5.074 5.157 2% 5.152 n.a Corn(1) 4.620 5.057 9% 5.058 n.a Corn 2nd Crop 4.834 4.239 -12% 4.378 3% Beans 2nd Crop 2.130 - n.a. - n.a. Cotton 13.464 10.734 -20% 10.618 -1% Cotton 2nd Crop 15.876 14.055 -11% 14.059 n.a Sugarcane 10.007 11.004 10% 10.962 n.a (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: November 3, 2026	By:	/s/ Gustavo Javier Lopez
		Name:	Gustavo Javier Lopez
		Title:	CFO and IRO

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