NZ Farming Systems Uruguay Ltd has raised 30 million US dollars by selling a first tranche of bonds in Uruguay. The non-convertible bonds have an expected maturity of about 15 years, and pay a fixed interest rate of 5% until September 30, 2010.
The Chilean wine industry produced more wine, and of better quality, in 2009 than any previous year, according to a recent report by the Office of Agriculture and Livestock (SAG).
Argentine farmers have again warned that if “urgent solutions” are not forthcoming” it’s almost certain “we’ll be facing an even greater conflict”.
A recent increase in the sale of Falklands farms to overseas buyers may lead to amendments to the Lands Non-residents Ordinance potentially to restrict who can buy farmland in the islands.
On the 56th anniversary of the start of the Cuban Revolution, the message from President Raul Castro was not at all celebratory: the country must prepare for a second round of belt tightening because of the global financial crisis and promoting agriculture and food production is a “strategic priority”.
A major offensive aimed at bringing Foot and Mouth Disease (FMD) under global control has been launched by FAO and the Paris-based World Organisation for Animal Health (OIE).
Magnasco, one of the oldest dairy farms in Argentina with a history of more than 50 years has ceased activities and will dedicate its farmland to potatoes. The family business which owns four dairy farms and rents another five took the drastic action because “there’s no way of making of profit” with the erred agriculture policies from the administration of the Kirchner couple.
The Chilean sheep farming industry is embarking on a million dollar master plan to boost the national sheep population and double lamb exports by 2010.
Argentine president Cristina Fernandez de Kirchner’s call to a dialogue with all sectors and “on all issues” received a positive response from farmers and manufactures, but they also requested “deep changes” following the government’s defeat on June 28th mid term election.
Brazil is planning to increase the number of cattle in feed lots by 4.6% which would be equivalent to a total of 1.673.500 heads, according to Beef Point, a Brazilian portal linked to the meat industry.