BrasilAgro is one of Brazil‘s largest companies in terms of arable land and its core business consists of the acquisition, development, operation and sale of rural properties suitable for agricultural activities. We acquire rural properties that we believe offer significant potential for cash flow generation and value appreciation by holding the asset and developing profitable agricultural activities. Once we acquire our rural properties, we begin to implement high-value-added crops and to transform these rural properties by investing in infrastructure and technology. In line with our strategy, when we understand a rural property has reached a value that delivers our expected return, we sell it to capture the capital gains. Since the beginning of our operations in 2006, we have acquired a total of 18 rural properties, and we have already sold five farms. Our business plan considers the price appreciation of our rural properties as the principal vector of our financial returns. We believe the value of a rural property is directly related to cash flow per unit of area.
