South America makes good business sense for New Zealand and Australian companies
“Agriculture is a huge part of the business of South America,” said NZ Trade and Enterprise international market manager, Brendan Mahar. “For some NZ companies, it’s made a lot of sense to extend their pasture-based capabilities to different parts of the world. “Although, doing business in South America is not without its language, legal and local economic challenges.” Having Fonterra so well recognised has given other NZ companies the confidence to build their own South American links– Brendan…
Latin America has bright prospects but needs more foreign Investment
Latin America has bright prospects but needs more foreign Investment Latin America will continue to benefit from favorable demographics compared to much of the world. The growth rate of the adult population is slowing, but it will be higher than the global rate expected for 2020 and life expectancy is now nearly 75, against 76 in Europe, 79 in the US and 70 globally. The region’s education standards are improving. Mean years of schooling for adults in the region is now 7.8 years, against 7.4 years globally.…
Brazil Sets New Record in the Adoption of Transgenic Crops
August 2011 | PRNewswire The area in Brazil planted with transgenic crops is now growing at a faster pace than the growth of the entire planted area for crops of soybeans, corn and cotton – the three crops with genetically modified varieties that have been approved, as indicated by the 1st review of the adoption of biotechnology in the 2011/12 harvest, conducted by the consulting firm Celeres. The area planted with transgenic soybeans for the next harvest will be 13.4% greater than it was in the 2010/11…
Brazil’s agriculture hits record values
Brazil’s agriculture hits record values By Paul Kiernan @Dow Jones Newswires The gross value of Brazil’s top 20 crops is expected to rise 10% this year from 2010 to a record 199 billion reais ($125.9 billion), the Agricultural Ministry said Tuesday. Higher global prices for foods and increased agricultural output in Brazil are responsible for the expected growth, which will push the aggregate value of the country’s main crops above 2008 levels, the ministry said in a press…
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…
Brazil registers the first legal actions against foreign farmland acquisition ban
The change in the rules for farmland acquisition by foreigners is causing a commotion in Brazil agriculture industry. Vendors and buyers in rural areas are starting to litigate to see who will pay for the restriction prejudices derived from a new inter pretation of law by the Union´s Attorney-General (AGU). 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…
Argentine group El Tejar became the biggest soy farmer in Mato Grosso´s region
Argentina-based Ag company El Tejar harvested approximately 680,000 metric tons (25 million bushels) of soybeans in Mato Grosso -Brazil’s main producing state- during the 2010-11 season, ending the decade-long reign of Erai Maggi, whose Bom Futuro group produced 576,000 tons (21 million bushels), according to data compiled by the Mato Grosso Soybean and Corn Producers Association (APROSOJA). El Tejar has operated in Brazil since 2003, largely adopting the Argentine model of renting land. The company has…
