Deal history comparison #4130

Previous version (126825)

Selected version (129118)

Location #1

Spatial accuracy level
Administrative region
Location
Salta, Salta Province, Argentina

Target country
Argentina

Location #1

Spatial accuracy level
Coordinates
Location
Salta Forestal, Salta Province, Argentina

Latitude
-24.58342217592593
Longitude
-63.61691402777778
Target country
Argentina

Land area

Size under contract (leased or purchased area, in ha)
[2003] 132000
Size in operation (production, in ha)
[2010] 24000
Comment on land area
The land was acquired from a bidding process started in 1998 and concluded in 2000 for 362000 hectares (the land was in Salta Forestal S.A hands before its privatization). 132000 hectares are with Agropecuaria Cervera S.A. since 2003.

Intention of investment

Intention of the investment
Food crops

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
At the begining the 362000 hectares were acquired through a bidding process for Ecodesarrollo Salta. After, in 2003 the right were divided with Agropecuaria Cervera S.A.

Negotiation status

Negotiation status
[2003] Concluded (Contract signed)

Implementation status

Implementation status
[2010] In operation (production)
Comment on implementation status
Just 24,000 hectares are in production

Purchase price

Comment on purchase price
There is a investment commitment for 16 millions Pesos in the first 30 concesion years.for the whole area and a canon payment of US$45000 per year

Land area

Size under contract (leased or purchased area, in ha)
[2003] 132000
Size in operation (production, in ha)
[2010] 24000
Comment on land area
The land was acquired from a bidding process started in 1998 and concluded in 2000 for 362000 hectares (the land was in Salta Forestal S.A hands before its privatization). 132000 hectares are with Agropecuaria Cervera S.A. since 2003.

Intention of investment

Intention of the investment
Food crops

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
At the begining the 360000 hectares were acquired through a bidding process for Ecodesarrollo Salta. After, in 2003 the right were divided with Agropecuaria Cervera S.A.

Negotiation status

Negotiation status
[2003] Concluded (Contract signed)

Implementation status

Implementation status
[2010] In operation (production)
Comment on implementation status
Just 24,000 hectares are in production

Purchase price

Comment on purchase price
There is a investment commitment for 16 millions Pesos in the first 30 concesion years.for the whole area and a canon payment of US$45000 per year

Contract #1

Contract date
2003-09-18
Duration of the agreement (in years)
32

Contract #1

Contract date
2003-09-18
Duration of the agreement (in years)
32

Operating company

Comment on investment chain
It started in 2003. But in 2005 CRESUD and Inversiones Ganaderas absorbed it.

Operating company

Comment on investment chain
It started in 2003. But in 2005 CRESUD and Inversiones Ganaderas absorbed it.

Data source #1

Data source type
Media report
File
Date
2010-10-25
Comment on data source
It relates the acquisition process and the actual claim for its irregularities

Data source #2

Data source type
Media report
File
Comment on data source
It refers the historic process of land tenence between Salta Forestal and Ecodesarrollo and Agroindustria Cervera

Data source #3

Data source type
Media report
File
Date
2012-12-05
Comment on data source
It relates the claim about its irregularities

Data source #1

Data source type
Media report
File
Date
2010-10-25
Comment on data source
It relates the acquisition process and the actual claim for its irregularities

Data source #2

Data source type
Media report
File
Comment on data source
It refers the historic process of land tenence between Salta Forestal and Ecodesarrollo and Agroindustria Cervera

Data source #3

Data source type
Media report
File
Date
2012-12-05
Comment on data source
It relates the claim about its irregularities

Data source #4

Data source type
Government sources
File
Date
2011-05-20
Comment on data source
General Audit of the Province of Salta, Expedient N° 242-1872/08

How did the community react?

Community reaction
Rejection
Comment on community reaction
The public opinion is claiming for the irregular acquisition process.

Consultation of local community

Community consultation
Not consulted

How did the community react?

Community reaction
Rejection
Comment on community reaction
The public opinion is claiming for the irregular acquisition process.

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
Salta Forestal S.A (Government company) was the owner

Former land use

Former land use
Pastoralism
Forestry

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
Salta Forestal S.A (Government company) was the owner

Former land use

Former land use
Pastoralism
Forestry

Former land cover

Former land cover
Forest land

Detailed crop, animal and mineral information

Crops area
Corn (Maize)

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Soya Beans

Use of produce

Has export
Yes

Overall comment

Overall comment
This Deal is from the division of DEal 1060

Overall comment

Overall comment
This Deal is from the division of DEal 1060