Hedge fund-backed farm group Tejar weighs US IPO
- Bloomberg
- 11 Mar 2010
El Tejar SA, Argentina’s largest agricultural producer, is weighing an initial public offering in New York to tap rising investor demand for farming assets.
El Tejar SA, Argentina’s largest agricultural producer, is weighing an initial public offering in New York to tap rising investor demand for farming assets.
Inversionistas extranjeros han acaparado en pocos años millones de hectáreas de tierras de cultivo en América Latina para producir cultivos alimentarios o agrocombustibles y exportarlos. Gran parte del dinero proviene de fondos de pensión, bancos, grupos de inversión privada de Europa y Estados Unidos, o de individuos acaudalados como George Soros, y fluye a través de mecanismos de inversión en tierras de cultivo puestos a operar mediante compañías extranjeras y locales.
Right now communities in Latin America, as around the world, are suffering a new kind of invasion of their territories
"At an UNCTAD meeting on investment in agriculture on February 3, China became the central focus of criticism amid a chorus of concerns about the economic, food security, environmental and social impact of large foreign purchases of agricultural lands in developing countries," reports the US mission to Geneva
Devenu une puissance agricole mondiale majeure, le plus grand pays d’Amérique du Sud veut faire bénéficier l’Afrique de son expertise dans l’exploitation des ressources agricoles et y transposer son modèle au nom d’une solidarité Sud-Sud.
The Pontal project has 30.000 ha of total area, with 8.000 ha irrigable. It will have a huge impact since it will be the first PPP of Lula government and will settle the framework for another 500.000 hectares.
"Some Saudi princes told president Lula they do not want to invest in agriculture in Brazil in order to sell here in Brazil, they want food supply sources," says Brazilian minister of Development Miguel Jorge
The government is aiming to attract less than Rp 100 trillion (US$10.6 billion) in investment through the development of three special economic zones (SEZs) producing agricultural products this year.
Billionaire George Soros’s Adecoagro venture, which invests in agriculture and renewable energy in Latin America, is considering an initial public offering to help fund projects in Brazil that include a $700 million sugar mill.
The Lumix AgroDirect Fund, which has been incubated since June 2008, invests in the production of soft commodities and in commodity trade finance in Uruguay, Argentina, Brazil and Paraguay.
Lawrence Asset Management's Ravi Sood suggests investing in food production in low-cost areas that are water-rich – Brazil, tropical Africa, Malaysia and Indonesia.
Agricultural funds made 9.5% last year, according to data provider BarclayHedge, while almost every other investment opportunity lost money.
![]() |
Obsolètes, les réformes agraires ?
|