South American Real Estate News
/ Year / 2011

Argentina limits farmland foreign ownership

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. By SHANE ROMIG Argentina is blessed with vast tracks of arable land that have allowed the South American nation to become the top global exporter of soymeal and soyoil, No. 2 in corn, and third in soybean exports. The abundance of land coupled with high prices for farm products has fueled a buying spree by U.S., Chinese and…

Saudi dairy giant Almarai buys Argentina farm operator to increase supplies

Almarai Co., Saudi Arabia’s largest food producer by market value, acquired Fondomonte SA, a company that owns and operates three farms in Argentina, for 312 million riyals ($83 million). #adp02 By Mourad Haroutunian The Riyadh-based company financed the transaction from its cashflow and Islamic banking facilities, Almarai said in a statement to the Saudi bourse today. Almarai is expanding its supply chain and access to feed for its dairy herd and poultry business, “in line with the Saudi government’s…

Danish Newspaper Article on Estancia Punta del Agua, San Juan Argentina

Danish Newspaper Article on Estancia Punta del Agua, San Juan Argentina Land Brug Savisen www.landbrugsavisen.dk Farm of 1,000,000 acres for sale more or less ( 375,640 ha ) By Morten L. Handrup Thursday 21st July 2011 15:28 ( Translated from Danish ) Three major rivers run through the area and with watering can in the fertile river valleys including sugarbeet, alfalfa and sunflowers. It is a huge property that has not been cultivated for 30 years. An area of 400,000 hectares in the northwestern part of Argentina…

Brazil to further limit foreign ownership of land

According to a Brazilian newspaper Brazil’s government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been “insufficient”. The new rule, which could come as a decree, aims to close loopholes that buyers have been using, such as purchasing land through Brazilian companies, Folha de S. Paulo newspaper said. It could also impose restrictions on investment funds joined by foreigners and force international banks to sell land…

Uruguay´s natural, quality & certified meat for export

Uruguay is one of the largest meat producers in the world. Their cattle are raised in the open, under natural conditions with a mild climate, fertile land and abundance of water generated in its many rivers and streams, ensuring the welfare of animals. #adp02 Uruguay took its commitment to preserve a sustainable production system, where the animals live year round in harmony with the environment, and this added to the responsible use of production technology, has determined that the Uruguayan meat obtained…

Chile’s luxury home market booming and immune to the global crisis

The market for luxury home in Chile seems to be immune to the global crisis since there are families willing to disburse up to six million dollars to purchase the house or condo of their dream according to a report in Santiago’s El Mercurio. These houses mostly located in the posh areas of Santiago such as Vitacura, Lo Barnechea, Las Condes and La Reina have ample green surroundings, several bedrooms, gardens, parking lots and shared spaces for leisure and other activities. According to the sales manager…

Uruguay passes Tax Bill on rural land ownership

A Rural Concentration Tax (ICIRA) bill was passed yesterday by the chamber of deputies and it intends to enforce the taxing of rural land owners of over 2,000 hectares of terrain. #adp02 The ICIRA constitutes an annual tax per hectare; ranging from US$ 8-16 for land exceeding two hectares. The creation of this new tax aims to avoid the concentration of land ownership. The ICIRA is a project initiated by the president of Uruguay, Jose Mujica, and will now been transferred to senate to be given its full form.…

Barrick inaugurates Punta Colorada Wind Farm in Chile

  At an inauguration ceremony held today in northern Chile, Barrick Gold Corporation marked the official opening of the Punta Colorada Wind Farm, the largest wind farm ever built by a mining company in the country. Source: Barrick Gold Corporation The event was attended by the President of the Republic of Chile, Sebastián Piñera, the ministers of Mining and Energy, Hernán de Solminihac and Rodrigo Álvarez, and authorities from Chile’s Atacama and Coquimbo regions. This large-scale $50 million project,…

The vines of Argentina

The vines of Argentina The Mendoza province of Argentina—set against the panoramic backdrop of the Andes and occupying a total area of around 57,000 square miles in the country’s far west—is best known as Argentina’s charming and illustrious wine country. In fact, Argentina is the fifth largest producer of wine in the world. By Sonia Havele | The Chronicle The viticulture here is astoundingly ubiquitous—radiating far beyond the bottle. From the geography of the region, to wine’s imperative role…

Uruguay is the best place to live in Latin America according to the Legatum Institute

According to the latest Prosperty index, Uruguay ranks 29, followed by Chile, 31, Argentina 39 and Brazil, 52. In the whole of the Americas, Uruguay is the only country that figures in the highest ranking with Canada (6) and the US (10). The rest of South America is ranked medium while Ecuador and Bolivia figure at the lowest level. The Legatum Institute describes itself as an independent non-partisan public policy group based in London, with research, publications, and programs that advance ideas and policies…

Indian man becomes ‘farming king’ in Argentina

Indian man becomes ‘farming king’ in Argentina An Indian-origin man in Argentina, who started a peanut farm a few years back, has now grown by leaps and bounds and become an “uncrowned king” of rice, soya and corn plantations in South America. Simmarpal Singh’s company Olam, based in Singapore and run by people of Indian origin, is one of the major rice traders of the world, says R. Viswanathan, India’s ambassador to Argentina, Uruguay and Paraguay. Singh now has an area…

Russian companies invest big in Brazil

Russian companies are making strong inroads into Brazil, a fellow top-league developing economy that has long lain out of its range of interest. Both countries are members of BRIC — a group that also includes such longtime Russian partners as China and India — which held a maiden summit of its leaders in 2009. “That BRIC forum was a powerful factor to make relations more dynamic” with Brazil, said Sergei Vasilyev, chairman of the Russian-Brazil Business Council. Russia – Brazil Ties Three…

A new Hilton in Argentina

Hilton Worldwide announced the signing of a management agreement with HH Developments to operate a Hilton Garden Inn hotel in Santa Fe – the capital city of the province of Santa Fe, Argentina. The new-build Hilton Garden Inn Santa Fe, expected to open at the end of 2013, represents the brand’s second development project in Argentina, following the recent announcement of the Hilton Garden Inn Zarate project – a management agreement with the same ownership group. “We couldn’t be happier to announce…

Argentina, Chile and Uruguay with highest human development index in Latam

Argentina, Chile and Uruguay have the highest standards of living in Latin America according the latest report from the United Nations Human Development Index (HDI). Worldwide out of 187 countries Chile ranks 44, Argentina, 45 and Uruguay 48. The HDI is calculated from a set of indicators including literacy rates, years of schooling, life expectancy and per capita income. On a scale from zero to one Uruguay’s HDI was 0.783 this year which means it has sustainedly advanced in the last few decades improving…

Blueberries from Chile to set new exports record

The latest Blueberries crop report shows the Chilean harvest beginning to progress as spring tilts toward summer in the Southern Hemisphere. Cool weather conditions had early-season export numbers behind projections, but all signs now point to a robust harvest and export market, as the season ramps up. Peak production and export of Chilean blueberries takes place in December, January and February. According to the Chilean Blueberry Committee, production will continue to increase in future years, as Chile adds…