BrasilAgro buys 10,800 ha. farm in top Brazilian grain region

The farm sold for $54.5 mln
calendar icon 17 September 2022
clock icon 1 minute read

Brazilian agriculture company BrasilAgro said on Thursday it has agreed to buy a farm in Mato Grosso, the country's top grain producing state, for 285.6 million reais ($54.5 million), reported Reuters.

In a securities filing, the company said the price it was paying for the 10,800 hectare-property was the equivalent of 302 bags of soybeans per useful hectare, and that it would pay in two installments.

"This transaction was important for us to diversify and expand our presence in the state of Mato Grosso, one of the most important in the production of commodities in the world, and guarantee the growth of our productive area," the company said.

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