Capital Markets; Agri | BRL167 Billion in Brazilian ‘CRAs’: Understanding the Role of Securitization Memorandum in Agribusiness Offerings in Brazil
The offering of Brazilian Agribusiness Receivables Certificates (CRAs) continues to be one of the main sources of funding for agribusiness companies in Brazil. In September 2025, the inventory of CRAs totaled BRL167.6 billion, according to the Ministry of Agriculture. One of the main legal instruments for CRA structuring is the