Exhibit 8.1

Our subsidiaries, each of which is incorporated under the laws of the Federative Republic of Brazil, are listed below:

● Imobiliária Jaborandi Ltda.

● Imobiliária Cremaq Ltda.

● Imobiliária Araucária Ltda.

● Imobiliária Mogno Ltda.

● Imobiliária Cajueiro Ltda.

● Imobiliária Ceibo Ltda.

● Imobiliária Flamboyant Ltda.

● Instituto BrasilAgro

● Agrifirma Agro Ltda.

● Agrifirma Bahia Ltda.^(*)

Additionally, we also have subsidiaries incorporated under the laws of Bolivia and Paraguay, as listed below:

● Agropecuaria Acres del Sud S.A. (Bolivia)

● Yatay Agropecuaria S.A. (Bolivia)

● Ombu Agropecuaria S.A. (Bolivia)

● Yuchan Agropecuaria S.A. (Bolivia)

● Palmeiras S.A. (Paraguay)

● Agropecuária Morotí S.A. (Paraguay)