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Chile Investors need a RUT Tax Number

Chile Investors need a RUT Tax Number  There are two types of numbers commonly referred to as a “RUT” in Chile. A temporary RUT for foreigners is only a tax payer ID number. Another type of “RUT” (sometimes called RUN) is for Chilean citizens and Chilean Residents. The permanent RUT for citizens and national is a national ID number, similar to a Social Security Number in the United States, and is used for passports, tax issues, ID, and many other things. Companies are also issued “RUT” numbers…

Why buy farmland in Chile in 2022?

We have written before about why investments in agriculture seem like a no-brainer, given the fundamentals of supply and demand. Owning farmland can be comparable to owning physical gold, but it also gives you a good income. Thus you should buy as much of it as possible if the price is right. Farm soils in Chile are incredibly fertile, and the price is right.  Highly dairy farms or productive farmland run between USD 12,000 and USD 17,000 per hectare. By comparison, farmland in New Zealand can cost USD 22,000…

New Zealand Dairy Company Fonterra divesting from Chile after thirty years of operations

New Zealand’s dairy group Fonterra, one of the largest in the world has announced it is leaving Chile after thirty years and has put on sale its Chilean branch Soprole of which it controls 99% of the stock. The company said the divestment process is estimated to take two years and it is focused on improving assets and debt conditions, plus improving production and profits in New Zealand by 2030. Besides leaving Chile Fonterra is planning a partial exit from Australia and implementing an ambitious investment…

New Zealand based Fonterra Dairy Group merges its Chilean businesses into one entity

Fonterra continues to streamline its operations in Chile after merging Soprole and Prolesur into one entity. “Previously, Soprole and Prolesur were both publicly listed companies. As of 1 March 2021, Soprole is the single listed company under which the Prolesur business now sits,” said Kelvin Wickham, Fonterra chief executive for Africa, Middle East, Europe, North Asia, Americas. The day-to-day operations and management of the two businesses remain unchanged but “simplifying the corporate structure of…

Things are looking up for New Zealand’s Fonterra’s Chile investment

Fonterra’s Prolesur is leading the charge in the dramatic recovery in Chilean milk production as the company reaps the benefits of rebuilding relationships with farmers. The Latin American nation’s liquid milk collection reached 1.3 billion litres in the first eight months of the year, up 6.3 percent from a year earlier, or 79 million litres. More than half of that increase went to Prolesur. This compares to the 12.8 billion litre collection in New Zealand in the first eight months of the year. …

Dairy Farming in Southern Chile is not unlike farming in New Zealand except the returns are much better

Dairy farming has lots of potential in Southern Chile. Already one New Zealand dairy company called Manuka amongst others has got itself firmly established.  Seventy per cent is owned by five cornerstone investing families, including the Van der Heyden family, and Mark and Diane Townshend of Fonterra fame. Since establishing operations in early 2005, Manuka has now established itself as a significant foreign investor in Chile’s dairy industry. So much so that Manuka now milks 25,000 of Chile’s…

Chilean dairy industry has similarities and differences to New Zealand

I wrote this article at Santiago Airport, waiting for a rescheduled flight to New Zealand. It had been a long night with flights cancelled because of the tragic Santiago riots, and thousands of stranded passengers sleeping on chairs and on the floor. It took 56 hours to get home from Osorno in Chile’s dairy heartland back to Canterbury. Definitely too long for old bones! I came to Chile at the request of Chilean dairy groups, including support from their government, to talk about A2 milk. As most of my readers…

New Zealand Dairy Farm in Chile milks 26,000 cows per day

The Manuka Board. Manuka S.A. was founded by New Zealand shareholders and started operating in Chile in 2005. The expertise of these farming families has given Manuka a legacy of knowledge, experience, and innovation, as well as a vision for the enormous potential of dairy production in the southern regions of Chile. Manuka a company that milks about 26,000 cows on 22,600ha of which 9,000 hectares is dedicated purely to dairy production. The most extensive of these farms is the Hacienda Coihueco near Osorno,…

Synthetic meats are on their way, but farmers could be left behind

This controversial article was recently published in New Zealand newspapers but could equally, apply to South American dairy and beef producers. ‘Fake’ animal proteins are set to disrupt world markets – and much faster than our agriculture industry is anticipating, argues food strategist Dr Rosie Bosworth. New Zealand’s agricultural sector has been having a rough time of late. If waking up to a center-left government wasn’t enough of a nightmare for most Kiwi farmers, then the negative media attention…

World’s largest robotic dairy Shed coming to Chile

By the start of this year, Agricola Ancali’s 6,500 cow dairy near Los Ángeles, Chile was home to 64 individual robotic milkers. It was formally announced June 22 in 2016 that Fundo El Risquillo farm owned by Agricola Ancali will become the world’s largest robotic dairy. The dairy currently milks 920 cows with 16 DeLaval VMS robotic milkers. The first eight robots were installed in October 2014, and another eight were installed at the end of March. At the moment, four rotary parlours milk another 5,600…

New Zealand Dairy farmers head to Chile

image of Argentina: Los lácteos
New Zealand dairy farmers head to Chile: Why ?  To leverage their skills as being amongst the best low-cost dairy farmers in the world. Facing rising property prices and limited opportunity on the Asian side of the Pacific, several New Zealand farmers have invested in Chile or moved here entirely, bringing with them many years’ experience in one of the world’s most productive dairy-farming countries. “Many are recognizing the opportunities that there are in South America and particularly…
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