CRESUD INC — Capital/Financing Update 2011

Jan 24, 2011

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2011

CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA

FINANCIERA Y AGROPECUARIA

(Exact name of Registrant as specified in its charter)

CRESUD INC.

(Translation of registrant’s name into English)

Republic of Argentina

(Jurisdiction of incorporation or organization)

Moreno 877, 23 rd Floor, (C1091AAQ)

Buenos Aires, Argentina

(Address of principal executive offices)

Form 20-F x Form 40-F ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

CRESUD S.A.C.I.F. and A

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is an English translation of the summary of the letter dated January 21, 2011 filed by the Company with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores .

By letter dated January 21, 2011, the Company reported that its Board of Directors has approved on January 20, 2011, the update and an increase of its Global Note Program (the “Program”) for a principal amount up to US$ 50.000.000 duly authorized by the Argentine Securities Commission (“CNV”) by means of Resolution Nº15.972 dated September 4, 2008.

Also the Board of Directors approved by virtue of Shareholder’s General Meeting’s delegation of powers dated October 29, 2010, an increase in the amount of the global note Program in force in an additional amount of up to US$ 100,000,000, for a total amount of up to US$ 150,000,000.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA

FINANCIERA Y AGROPECUARIA

By:
Name: Saúl Zang
Title: Vice Chairman of the Board of Directors

Dated: January 21, 2011.