South American Real Estate News
/ Month / December

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…