There are wonderful opportunities for hiking in the Serra da Bodoquena, with the bonus of abundant waterfalls and natural pools. The Parque das Cachoeiras (Estrada Aquidauna, 18 kilometers from Bonito) boasts six lovely cascades as well as small grottoes and refreshing springs that are ideal for bathing. The Estância Mimosa (Estrada Bodoquena, 26 kilometers from Bonito) is a neighboring farm that shares the same six falls and throws in a seventh for good measure. A delicious home-cooked lunch is served at the fazenda house.

Equally popular are the two trails that weave through native foliage and past numerous cascades to the Cachoeiras do Rio do Peixe (Estrada Bodoquena, 35 kilometers from Bonito), located on the Fazenda Água Viva. After taking a dip in the cool water and lounging in the sun, return to the farmhouse of the loquacious owner, Seu Moacir. Following a hearty lunch cooked over a wood-burning stove, and homemade doces, you can veg out in a hammock. Guided excursions to all of these attractions range in price R$70–100 and include lunch.