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Cresud one of Argentina’s largest diversified agro/commercial groups has made a loss

image of South American crops
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…

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…

El Tejar’s big shift from Argentina to Brazil

The farming company founded in 1987, El Tejar, who has become one of the biggest grain and oilseed producers globally, has relocated their headquarters from their original base in the province of Buenos Aires to São Paulo. Among the world’s top grain producers in 2012, the company have now also almost replaced their Argentina chief executive, Horacio Ackerman, with Brazilian Luiz Kaufman. The changes come as a result of a disintegrating relationship between the Argentine government and the farming…

CRESUD – A snapshot of a premier S. A. farming company

CRESY Competitors Cresud major competitors are agriculture giant Archer Daniels Midland (ADM), and other agri players like Cargill and DeWied International. With global food demand forecasted to be strong for at least the next five years, and current food crises worldwide, the current agriculture companies should do pretty well intermediate to long term. CRESY Company Profile (from Reuters.com) Cresud Inc., incorporated on December 31, 1936, is an Argentine-based agricultural company. The Company is involved…
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