CRA: Agribusiness Receivables Certificate
Agribusiness fixed income. Tax-exempt for individuals.Agribusiness fixed income. Tax-exempt for individuals.
Asset class sheet
- Return Profile
- CDI + spread or IPCA + coupon
- Individual Tax (BR)
- Income tax exempt for individuals (BR)
- Collateral & Backing
- Crop pledge, CPR & corporate guarantee
- Offering Cap
- Fiduciary ring-fenced estate
How CRA works
Fixed income backed by agribusiness credit.
Tax Exempt (IRPF)
Net interest distributions exempt from Income Tax for individual investors in Brazil.
Economic Powerhouse
Direct exposure to essential agricultural production and export chains.
Structured Collateral
Crop pledges, fiduciary land liens, Financial Rural Product Notes (CPR-F), and off-take assignments.
CDI+ or IPCA+ Yields
Remuneration structures indexed to Brazil's benchmark interest rate or inflation.
How We Structure Agribusiness Operations
From production to collateral.Diligence from production to collateral.
- 01
Agribusiness Origination
A producer, cooperative, or agro-industry.
- 02
Collateral Package & Covenants
Land, crop, or a contract as collateral.
- 03
Securitization & Digital Subscription
Credit sits in the issue's ring-fenced estate.
- 04
Harvest-Aligned Amortization
Payments follow the harvest.
Why Include CRAs in Your Portfolio?
- Low Correlation with Urban Cycles
Agribusiness runs on a different cycle.
- Tax-Free Compounding for Individuals
With no income tax, the net is higher.
- Specialized Technical Monitoring
Reports on crop, weather, and ratios.
Agribusiness Risk Factors
- Weather & Yield Risk
Drought, frost, or heavy rain can cut production.
- Commodity Price & FX Volatility
Commodity prices and FX can squeeze margins.
- Credit, Liquidity & Non-FGC Risk
Default risk, low liquidity, and no FGC.
Other Poupz Capital asset classes
Corporate Equity
Ownership in real companies
Real Estate (CRI)
Real-estate fixed income
Receivables (CR)
Corporate credit
Invest in the Productive Strength of Brazilian Agribusiness
Open your free account at Poupz Capital and follow our upcoming structured issuances.Free account to follow new issues.