Argentina has joined a handful of other big farming nations such as Brazil that have taken steps to limit foreign ownership of what their governments consider precious resources: farmland.
Adecoagro announced today that on November 30, 2011, it completed the sale of "La Alegria" farm, located in General Villegas, province of Buenos Aires, Argentina, for a total price of $13.7 million.
Adecoagro SA, the South American farm venture backed by billionaire George Soros, pulled out of a project to build a dam and grow rice in Argentina after the government said the development may harm the environment.
Agrifirma, a private investment company backed by financier Lord Rothschild, transferred around half of its assets to a new joint venture with Brazilian private equity firm BRZ Investimentos.
Su firma Adecoagro sumó un campo en Santiago
Adecoagro, one of the leading agricultural companies in South America, announced today that it has acquired Compania Agroforestal de Servicios y Mandatos, a company which owns a 4,960 hectare farm named "El Colorado", located in the region of Bandera, in the province of Santiago del Estero, Argentina, for a total price of US$18.0 million
Farmland and forestry will outperform the average of all global assets long-term, according to Jeremy Grantham, chief investment strategist for Boston-based Grantham, Mayo, Van Otterloo & Co.
Uruguay's president said on Wednesday he wanted to raise taxes on the country's biggest landowners -- including Argentine-based agricultural company El Tejar and George Soros's Adecoagro -- to boost the state's share of bumper farming and forestry sector profits
While Brazil touts its efforts to slow destruction of the Amazon, another biodiverse region of the country is being cleared for large-scale farming. But unlike the heralded rainforest it borders, the loss of the cerrado and its rich tropical savanna so far has failed to attract much notice.
Investing in Adecoagro is “a way to play the potential global shortage of food, especially in emerging markets,” says Francis Gaskins, president of IPOdesktop.com
En el mercado se estima que cerca de u$s 150 millones se destinarán a la compra de campos en la Argentina y Uruguay y el resto al desarrollo de la producción de caña de azúcar en Brasil.
Adecoagro is based in Luxembourg, but it is one of the biggest farmland owners in Latin America with holdings worth about $784 million
