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.
“It’s not common in Brazil to find farmers presenting accounts to international investors. What you can see here is the new model for agribusiness in Brazil,” says André Pessôa, co-ordinator of the Rally da Safra.
Billionaire George Soros’s Adecoagro venture, which invests in agriculture and renewable energy in Latin America, is considering an initial public offering to help fund projects in Brazil that include a $700 million sugar mill.