High amount for the financing of Agro, the Fiagros closed the year 2022 with a net worth of R$ 10,34 billion

The Fiagros (Investment Funds in Agroindustrial Chains) closed the year 2022 with assets of more than R$ 10,34 billion. In the year, the jump in this industry's net worth was 544%, as shown by the product's statistics. 

Expectations are that Fiagros will continue to attract more and more investors this year and gain even more relevance, according to the vice-president of the Brazilian Association of Financial and Capital Market Entities (Anbima), Sergio Cutolo. 

“The exponential growth of Fiagros, which ended 2021 with a net worth of BRL 1,6 billion, shows that this is a product with great potential. Our expectation is that it will continue to attract more and more investors this year and gain even more relevance”, says Sergio Cutolo. 

Launched in mid-August 2021, Fiagro is divided into three categories, namely: the Fiagros – FII, which invest in agribusiness real estate; there are the FIAGROS-FIDC, which bring together some credit rights from the agroindustry; and finally, the Fiagros-FIP, which has investments in companies in the sector. Only the Fiagros-FII that are available for retailers. 

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According to the terms of net funding, this segment had a positive balance of more than BRL 3,2 billion in 2022. More than half of this amount (BRL 1,69 billion) was raised in the last quarter of the year, with an even greater highlight for the month of October, in which net funding reached R$ 860,6 million. 

Among the comparisons of the three categories of Fiagro, the highlight was for the Fiagros-FII, which had a positive net balance of R$ 2,67 billion in accruals for the year. Soon after, are Fiagros-FIDC, with a balance of approximately R$ 513,9 million in 2022; and lastly, Fiagros-FIP with a balance of R$ 19,2 million. 

The fund and account numbers that accompanied all this movement on the rise: in the month of December 2021, there were 13 fiagros in the market and more than 14 thousand accounts investing in the funds, as of December last year, there were already more than 43 Fiagros and more than 181 thousand accounts. 

Those fiagros were launched by CVM with even an experimental regulation, following some FIIs, FIDCs and FIPs rules. The 2023 regulatory agenda of the autarchy is the publication of more specific rules for this segment. 

“We are supporting the CVM in this process. along with the market, we prepared a proposal that was sent to the municipality in October last year. With its own standard that meets the characteristics of the product, it will certainly be possible to take advantage of them in all their effectiveness and potential”, says Cutolo.