Uruguay Farm Sales Update
Currently, we find there is strong interest from international buyers, but due to historically low farm prices, there is reluctant interest by vendors to sell. 2019 is a year where we have seen many international investors looking for opportunities in farmland in Uruguay with some lucky enough to actually buy in this depressed market. As an update from my side, prices of farmland in Uruguay are 45% down as compared to 2014. We were recently negotiating a farm sale of 8,500 hectares in Cerro…