A group of entrepreneurs has launched Agroventurer, a farm manager for investment in primary sector projects and organic farming in the province of Almeria, with an initial investment of 2.7 million euros to exploit ten hectares.
As the promoters of this management company have indicated in a statement, the bet is to invest in organic vegetables seeking to maximize the investor’s profitability, guarantees against “inflation and without market shocks”.
“Large investors have refocused their gaze on the Spanish countryside, an alternative asset to the traditional brick that can offer a high return on risk, an umbrella against inflation and away from the shocks of the financial markets,” they have pointed out.
As they have pointed out, the profitability that ‘Agroventurer’ assets can offer is between 15 and 20 percent per year, since precisely vegetables and organic cultivation in greenhouses are those that “can offer the best yield”.
This new management company is based in Almeria, a province with the largest vegetable growing area in Spain and the one that exports the most fruits and vegetables to the European Union, some “ingredients to which the sustained upward trend in the consumption of fresh organic products in most European countries is added,” they have highlighted.
The initial investment to be made by ‘Agroventurer’ will be 2.7 million euros, which will allow the agricultural exploitation of ten hectares in which vegetables with ecological certification will be grown and that can be marketed from the initial moment.
The minimum investment that investors will be able to make in each of the projects managed by ‘Agroventurer’ is set at 30,000 euros and it is expected that profits can be distributed to their investors from the second year from the start of their exploitation.
José María Fernández Cañas, a member of the management company’s founding team, has pointed out that investing in the primary sector at the moment “allows historical returns for the moment we are in, resists economic cycles better than other sectors and has demonstrated its resilience to the inflation of recent months or the volatility of the effects of the Ukrainian war”.
The new manager also has Luis Andújar, an expert in fruit and vegetable production and who will be in charge of monitoring production and compliance with the requirements and protocols for the cultivation of organic vegetables. “The Spanish agricultural sector has matured and it is a real opportunity to be able to participate in the transformation of many agricultural farms in Spain,” he said.
It is estimated that, in the province of Almeria alone, there are more than 31 thousand hectares of winter cultivation, which is the largest area of vegetables on the continent. In addition and in relation to other competing countries such as the Netherlands or France, greenhouse cultivation has a lower cost, since it is not necessary to use energy to heat the interior of the greenhouses.