Adecoagro to build new sugarcane mill in Mato Grosso do Sul, Brazil
Adecoagro S.A. (NYSE: AGRO), a leading agricultural company in South America, announced today that on June 27, 2011, it obtained the necessary environmental license to start the construction and assembly of the Ivinhema mill in the State of Mato Grosso do Sul, Brazil. Adecoagro is a leading agricultural company in South America. Adecoagro owns over 283 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces…
Brazil prepares new bill to allow farmland foreign ownership
According to a source at the Presidential Chief of Staff’s Office, Brazil’s government is preparing a bill that would once again allow foreigners to buy over 5,000 hectares (12,350 acres) of land subject to prior government approval. Congress must approve purchases of 500,000 hectares (1.2 million acres) or more. The ban – which took the form of a reinterpretation of a 1971 law – was a response to reports that Middle Eastern sovereign funds and Chinese state-owned companies were attempting to buy large…
