Biggest South American Corporate Farm Groups
With agricultural commodity prices at multi-year highs, buying farmland is seen as a more direct way to cash in on valuable crops and to take advantage of the long-term appreciation of farm property. As a result, investors from around the world are pouring a lot of funds into agriculture this year to boost yields across the top producer nations as record-high food prices jolt markets and send buyers scurrying for supplies. South America is today worldwide considered a top place to buy, lease and manage agricultural…
US, Argentine investors tied to illegal land deals, deforestation in Brazil
US, Argentine investors tied to illegal land deals, deforestation in Brazil Reporting by Agência Pública has revealed how investors including U.S. pension funds and an Argentine agribusiness giant may be linked to illegal land deals and deforestation in Brazil’s Cerrado region. The investors hold large stakes in BrasilAgro, a company that specializes in buying up land and selling it to agribusiness operators. Under Brazilian legislation that restricts land sales to foreign entities, the acquisitions by…
Celulosa and Cresud sell Argentine farmland for USD 30 million
The forestry giant finalized an asset transfer that it had been announced last year. Meanwhile, Eduardo Elsztain’s agricultural firm Creusdi agreed to transfer part of its establishment in Entre Ríos. This Friday, two of the main Argentine agricultural companies, Cellulose Y Cresud, reported farm sales for more than USS 28 million between them . Cellulose sold to society AFOR Tape , belonging to the Austrian industrial group SPS Waldholding , 100% of the shareholding of the firms Rudaco , TC King and…
Agribusiness can claim lives in Latin America if not managed carefully
The business group Cresud controls 370 thousand hectares in the province of Salta, in the ancestral lands of the Wichi people. There, in the first months of 2020, nine children have died from malnutrition and lack of water. For weeks the whole of Argentina has been shaken by a financial tragedy that is not new, but that has, temporarily, occupied the front covers of the papers for the first time: since the beginning of this year, nine Wichi children have died due to malnutrition and lack of drinking water…
Cresud one of Argentina’s largest diversified agro/commercial groups has made a loss
Despite a very good performance in the agribusiness unit, Cresud, one of the biggest farm and real-estate companies in Argentina, announced AR$ 9.8 billion loss in the 9-months period of the fiscal year 2019. The press release of the company remarks the following highlights. Net result for the 9-month period of fiscal year 2019 recorded a loss of ARS 9,794 million compared to a gain of ARS 10,468 million in the same period of FY 2018, mainly explained by higher financial losses due to Argentine…
Cresud Cattle Farm in Salta, Argentina, combines the complete livestock cycle with advanced agriculture
The winding dirt road that goes down to this southeast part of the province of Salta in Northern Argentina, is for many hours drive one of native grasses and rugged bush degraded by overgrazing. Suddenly, like an oasis, there appears an open field with corn and soybean under ground drip irrigation, reaching yields similar to those of the rich Pampas closer to Buenos Aires. Bradford cattle are seen to be fattened on high-quality pasture in organised areas. You will have arrived at Los Pozos, a farm owned…
BrasilAgro owned by Argentine based Cresud is getting push back from forest Clearing
BrasilAgro business model focuses on acquisition and transformation of Cerrado savanna into farmland. Its model relies on adding value to land by transforming underutilized or unproductive lands. This process of transforming land requires it to deforest native Cerrado vegetation. The value of BrasilAgro’s farmland portfolio increased by 146 percent in the last 10 years. Between 2012 and 2017, BrasilAgro has deforested 21,690 hectare (HA) of Cerrado vegetation. Most of the clearings took place at four…
International Listed Funds with Large Farm Land Holdings in South America
International Listed Funds with Large Farm Land Holdings in South America Some of the global listed companies with large land holdings and featured in many of the agricultural funds include. In addition to these there is a number of private companies with up to 1,000,000 hectares involved in Agriculture. ie El Tejar in Argentina and Brazil. Cresud (CRESY) is an Argentinean agricultural company that invests in land, cattle and technology. Cresud generates profits through the acquisition, transformation…
