Recent

% | $
Quotes you view appear here for quick access.

cổ phiếu Adecoagro S.A. Message Board

  • thugwatch666 thugwatch666 Feb 3, 2012 5:46 PM Flag

    last sale of a farm--$2247 per acre

    1 hectare = 2.47 acres

    The question remains--how are the growth prospects hurt as AGRO can no longer buy land in Argentina.

    from the 6K:
    <<Adecoagro S.A. announced today that on November 30, 2011, it completed the sale of “La Alegría” farm, located in General Villegas, province of Buenos Aires, Argentina, for a total price of $13.7 million. The selling price of this farm was 23.0% over Cushman & Wakefield’s independent appraisal dated September 2011 of $11.2 million.
    La Alegria is a 2,438 hectare farm purchased by Adecoagro in 2007 for a total of $5.9 million or $2,420 per hectare. The farm was used for cattle grazing by the former owner. Following the initial acquisition, Adecoagro applied its sustainable production model to La Alegria to transform a total of 1,948 hectares for the production of soybean, corn and wheat. After four years of enhancing the productivity of the soil by applying no-till farming, crop rotation, balanced fertilization and other best practices, the farm was sold for $13.7 million, equivalent to $5,623 per hectare, obtaining an internal rate of return of 23.2%. This transaction will generate approximately $8.9 million of operating profit for the fourth quarter of 2011.
    During the last six years, Adecoagro has been able to capitalize gains of over $103.6 million by strategically selling at least one of its fully mature farms per year. Monetizing a portion of its land transformation gains each year allows Adecoagro to redeploy its capital efficiently and continue expanding its operations by acquiring land with high transformation potential. >>

 
AGRO
9.48+0.02(+0.21%)12:52 PMEDT