Where the impacts of the investment may be experienced.
- International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
ADECO AGROPECUARIA S.A.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
The investment proceeds will be used for AdecoAgro ARG’s farming operations in Argentina. The AdecoAgro Group produces sugar, ethanol and electrical energy through biomass combustion in Brazil, grains (corn, soybeans, sorghum, wheat, barley, cotton and sunflower seeds), rice and dairy products in Argentina, Brazil and Uruguay. The company also focuses on enhancing the production capacity and value of its farmlands. Adeco owns four farms with rice plantations: Ita Caabo (22,888ha), Oscuro (33,429ha), San Joaquin (37,273 ha) and Doña Marina (14,755ha); Carmen Diary farm (10,021ha) with crop production for animal feed; rice mills at Mercedes, San Salvador and Franck; and a 50/50 joint venture Sunflower Processing Plant with CHS Agro. In addition, AdecoAgro ARG owns the following farms used for agricultural purposes and cattle farming: La Carolina (8,444ha), El Orden (6,875ha), Ombu (18,321ha), El Colorado (4,960 ha), El Meridiano (6,302ha), Huelen (4,633ha), La Garrucha (3,606ha), La Guarida (15,451ha), La Horquetas (2,086ha), La Rosa (4,087ha), Los Guayacanes (7,242ha), Santa Lucia (17,484 ha), Abolengo (7,473ha) and San Carlos (4,215ha). AdecoAgro ARG is also a cost-competitive milk producer with efficient, state-of-the-art free stall dairy farms located in Santa Fe province in Argentina’s cuenca lechera (dairy area).
The company will use IFC´s investment for the following: to support ongoing operations including permanent working capital, land leveling in rice farms (zero level production) and Agricultural equipment as well as for investing in an anaerobic bio-digestion of animal waste to produce electric power for internal use and/or sale to the national grid.