This work presents an overview of the activity developed in the frame of a project funded by the European Space Agency (ESA). The research was focused on the study of the potential applications of GNSS Reflectometry (GNSS-R) over land, with an emphasis on soil moisture (SM) and biomass. A study about the sensitivity with respect to the freeze–thaw dynamics was considered as well. The work started with an analysis of the sensitivity of GNSS-R reflectivity collected by the TechDemoSat-1 (TDS-1) experimental satellite, although, to a limited extent, the Cyclone GNSS (CyGNSS) constellation was considered as well. The encouraging sensitivity outcomes led to the development of retrieval algorithms: three different approaches for SM and one for biomass based on neural networks.