Uruguay Land prices $3800/hectare - Unlock the value please!I couldn't find recent land prices but 2015 farm land in Uruguay was fetching $3,800/hectare. Union Agriculture manages 160,000 hectares and is a going concern growing crops and raising cattle. At 160,000 hectares x $3,800 = $608,000,000 x 6.2% ownership = $37,696,000. We carry the NAV of our stake at $21,000,000. this is way undervalued on our books by over 1/2 as the land along exceeds the value we carry on the book. Uruguayan land has steadily rose. We need to unlock this value asap!!!!
https://www.bloomberg.com/news/articles/2015-09-21/uruguay-farms-raise-record-funds-after-land-prices-jump-11-fold
