Uruguayan farmland selling prices down 20 to 30%
- MercoPress
- 10 July 2009
Most of the recent farmland sales in Uruguy can be traced to money looking for safe havens, given the world financial crisis, and not necessarily increasing production.
Most of the recent farmland sales in Uruguy can be traced to money looking for safe havens, given the world financial crisis, and not necessarily increasing production.
From Kansas to Kenya, investment opportunities in a range of global farm-related ventures are increasingly drawing capital to what many players and analysts see as the early days of a burgeoning bull market in agriculture.
Pergam: "J’ai débuté mes achats de terres en 2005, en les étalant sur une période de deux ans jusqu’en 2007. La majorité des terres acquises se situe en Uruguay (35 000 hectares dont 40 % sont consacrés à la culture et 60 % à l’élevage) et les autres, en Argentine, soit 10 000 hectares. J’ai effectué ses achats au travers de la société argentine Campos orientales, l’un des plus gros propriétaires terriens du pays. La plus value latente est de l’ordre de 30 % en deux ans."
Cette partie de monopoly planétaire inquiète au plus haut niveau.
Driven by food security concerns, about 15 companies, led by the State Trading Corporation (STC), have formed a consortium to engage in corporate farming either in Paraguay or Uruguay. Among other notable firms that have joined the consortium are Gujarat Ambuja, Ruchi Soya Industries and Jhunjhunwala Vanaspati Ltd.
As with timberland, while direct ownership and management (i.e., being a farmer), is a possibility, such a route is similarly fraught with difficulties. One of the most significant of these is the issue of diversification in the farmland itself - especially with a single investment. A well-diversified holding of farmland (row crop, permanent crop, pasture and even timber) will, therefore, not only require a significant investment, but may also involve land holdings in a number of different locations.
The Indian government is considering a proposal to enable banks and financial institutions to finance acquisition of farm land overseas for cultivation of pulses and oilseeds.
Some of India's top vegetable oil firms plan to lease or buy land in Paraguay, Uruguay and Myanmar to grow oilseeds and lentils as farmland shrinks in the South Asian nation, a top trade official said yesterday.
The fund’s strategy is to own and manage funds which operate in largely unsubsidised farming countries and are among the lowest cost producers of their chosen commodity or livestocks.
La firma de IRSA ampliará su capital para llegar a Uruguay, Paraguay y Bolivia
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