Second Amendment Agreement to the Master Agency Agreement Convertibility Enhanced Note Issuance Program

Exhibit 10.ii.f.

October 8, 2004

Second Amendment Agreement to the Master Agency Agreement

Convertibility Enhanced Note Issuance Program

This Second Amendment Agreement dated October 8, 2004, between:

CARGILL FERTILIZANTES S.A., a Brazilian corporation established at Avenida Morumbi, 8234, in the city of Sao Paulo, State of Sao Paulo (hereinafter, the “Issuer”), and

CARGILL FINANCIAL SERVICES INTERNATIONAL, INC., established at 12700 Whitewater Drive, Minnetonka, MN, USA 55343 (hereinafter, the “Agent”),

WHEREAS, the Parties executed on August 08, 2002 a Master Agency Agreement (hereinafter simply referred to as the “Master Agreement”) relative to a Convertibility