Experts consulted by BP Money indicated that the new Fiagros Multimercado can boost and diversify agribusiness assets

The crises that are spreading across the national economic segments have reached agribusiness in different ways. Within the financial market, a new development approved by CVM (Securities and Exchange Commission) can attract and diversify investments in this sector through Fiagros (Investment Fund in Agro-Industrial Production Chains).

Among the experts consulted by BP Money, there was a consensus that multimarket Fiagros, in addition to streamlining management and returns, can make the diversification of agribusiness assets, such as credit securities and shares, more accessible.

At the end of September, the Brazilian financial market regulatory body issued Resolution 214, which specifically regulates Fiagros Multimercados. This was one of the new regulations most awaited by financial agents on the CVM's agenda.

The rule replaces CVM Resolution 39 of 2021, which was experimental in nature. The purpose of this edition is to facilitate access by rural producers and companies in the agro-industrial sector to the capital market, so that they can raise funds more efficiently, explained Fernando Kuyven, partner at MKR Advogados.

“In addition, Fiagros become an attractive option due to the introduction of tax benefits, such as exemption, in certain circumstances, from income tax on income distributed to individuals,” Kuyven pointed out.

With the replacement of the segmented structure by the “multimarket” model, managers will have the freedom to create personalized strategies, said Deisy Vanessa Novais Granado, a lawyer at Luchesi Advogados, combining different classes of agribusiness assets in a single fund.

“This way, it will be possible not only to increase return possibilities, but also to carry out optimized risk management, adapting portfolios to different market situations,” continued Granado.

CVM Resolution 214 will come into effect on March 3, 2025. Existing Fiagros will have until June 30, 2025 to adapt to the new rules.

“This [change] can attract new investors, increasing the liquidity and efficiency of the sector, in addition to strengthening production chains by facilitating access to capital,” responded Vanessa Leone, capital markets specialist and partner at The Hill Capital.

However, even if the new CVM Resolution makes this category of funds more attractive to investors looking for resilient opportunities, there are still some risks.

“Diversification can complicate the management of Fiagros, requiring more qualified managers. There is a risk of investing in high-risk assets and the possibility of market saturation, which can dilute returns. In addition, the negative perception of the agricultural sector can discourage investors, regardless of innovations,” commented Leone.

Source Reproduction: BPMoney