Todays News is HUGE for AMZAgrifirma is a modern farmland operating and development company, formed in 2008 to buy and convert unproductive scrubland and pastureland into high quality arable land. Currently the company controls 69,112 hectares of land in western Bahia. Brazil currently uses approximately 10% of its potential arable land, estimated at 550 million hectares predominantly in the Cerrado region where its project is located, away from the Amazon rainforest and one of the last major agricultural frontiers still to be developed.
Agrifirma, boasts an impressive management, board and advisory committee that include Donald Coxe, renowned investment strategists and author of "The New Reality on Wall Street"; Jim Rogers author of "Adventure Capitalist" and "Investment Biker"; Julio Bestani, CEO, former CFO of South American agro- industrial giant Adecoagro, funded by George Soros; Ian Watson, Chairman, former Chairman Galahad Gold; and, Roberto Rodrigues, director, former Brazilian minister of Agriculture (2003-2006).