RQ-004 — Fractional Farmland Access
Abstract
Brazil’s farmland has compounded above 11% annually, yet retail participation is minimal. This paper synthesizes the regulatory unlocks—Patrimônio Rural em Afetação, FIAGRO vehicles, tokenized CRA pilots—that make fractional access viable. It benchmarks global platforms, sketches compliant structures for PRA-backed slices, and defines operating models for producers, servicers, and investors so that fractional sales protect landowners while satisfying CVM oversight.
Research Notes
- Outlines macro tailwinds (FGV Agri-Finance Index, Conab forecasts) and legal reforms (Lei do Agro, CVM sandbox) that converge to support fractionalization.
- Provides comparative tables covering AcreTrader, FarmTogether, and other precedents to extract lessons on ticket size, governance, and exit planning.
- Details PRA workflows: isolating assets, issuing CIR-linked guarantees, using digital registries, and pairing with FIAGRO or tokenized securities.
- Enumerates risk controls—management contracts, secondary bulletin boards, appraisal cadence, and data transparency obligations—needed to keep regulators and investors aligned.