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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Schedule of Detailed Information about Borrowings
 20212020
Non-current  
Senior Notes497,455 497,009 
Bank borrowings208,032 316,455 
 705,487 813,464 
Current  
Senior Notes8,250 8,250 
Bank overdrafts11,768 50,447 
Bank borrowings92,146 98,929 
 112,164 157,626 
Total borrowings817,651 971,090 
The maturity of the Group's borrowings and the Group's exposure to fixed and variable interest rates is as follows:
 20212020
Fixed rate:  
Less than 1 year104,349 116,113 
Between 1 and 2 years12,503 52,175 
Between 2 and 3 years12,500 39,844 
Between 3 and 4 years— 12,500 
More than 5 years497,455 497,009 
 626,807 717,641 
Variable rate:  
Less than 1 year7,815 41,513 
Between 1 and 2 years5,075 32,870 
Between 2 and 3 years31,754 6,035 
Between 3 and 4 years29,255 5,154 
Between 4 and 5 years71,045 28,334 
More than 5 years45,900 139,543 
 190,844 253,449 
 817,651 971,090 
The main loans of the Group’s Brazilian Subsidiaries are:
BankGrant date
Nominal
amount
Capital outstanding as of December 31Maturity dateAnnual interest rate
20212020
(In millions)Millions of
Reais
Millions of
equivalent
Dollars
Millions of
equivalent
Dollars
Banco Do Brasil (FCO) (1)October 2012R$130.0 R$17.7 3.17 7.08 November 2022
2.94% minus 15% of performance bonus
Itau BBA (FINAME) (2) December 2012R$45.9 R$2.1 0.37 1.40 December 20222.50%
Banco do Brasil / Itaú BBA (FINEM) (3)September 2013R$273.0 R$26.5 4.75 9.51 January 20237.29%
BNDES (FINEM) (4)November 2013R$215.0 R$29.5 5.28 10.66 January 20234.63%
Certificados Recebíveis do Agronegócio (CRA)December 2019R$467.0 R$467.0 83.68 77.92 November 2027
3.80% + IPCA
DebentureDecember 2020R$447.0 R$447.0 80.10 14.43 December 2026
4.24% + IPCA
ING Bank N.V (5)October 2018US$75.0 US$— — 75.0 October 20236.33%
 
(1)Collateralized by (i) a first degree mortgage of the Carmen farm; and (ii) liens over the Ivinhema mill and equipment.
(2)Collateralized by (i) a first degree mortgage of the Carmen farm; (ii) liens over the Ivinhema mill and equipment; and (iii) long term power purchase agreements (PPA).
(3)Collateralized by (i) liens over the Ivinhema mill and equipment; and (ii) power sales contracts.
(4)Collateralized by long term power purchase agreement (PPA).
(5)Canceled during 2021.
 
The main loans of the Group’s Argentinian Subsidiaries are:
BankGrant dateNominal
amount		Capital outstanding as of
December 31		Maturity dateAnnual interest rate
20212020
(In millions)(In millions)(In millions)
Rabobank (1)2018US$50.037.5050.00June, 20246.17%
IFC Tranche A (2)2020US$12.612.3512.60June, 2028
4% plus LIBOR
IFC Tranche B (2)2020US$9.49.229.41June, 2028
4% plus LIBOR
 
(1) Collateralized by the pledged of the shares of Dinaluca S.A., Compañía Agroforestal S.M.S.A. and Girasoles del Plata S.A.
(2) Collateralized by a US$241.8 million mortgage over Carmen, Abolengo, San Carlos, Las Horquertas, and La Rosa farm, which is property of Adeco Agropecuaria S.A. A US$35.7 million mortgage over El Meridiano farm, which is property of Pilaga S.A. and a US$44.3 million mortgage over Santa Lucia farm, which is property of Bañados del Salado S.A.
Evolution of the Group's borrowings as December 31, 2021 and 2020 is as follow:

 20212020
Amount at the beginning of the year971,090 968,280 
Proceeds from long term borrowings30,972 116,015 
Payments of long term borrowings(108,425)(34,750)
Proceeds from short term borrowings286,115 207,217 
Payments of short term borrowings(328,463)(233,540)
Payments of interest (1)(49,592)(57,914)
Accrued interest48,791 52,800 
Exchange differences, inflation and translation, net(52,693)(55,612)
Others 19,856 8,594 
Amount at the end of the year817,651 971,090 
(1) Excludes payment of interest related to trade and other payables.