Brazil's BrasilAgro plans to invest 100 million USD in agriculture

    According to Brazilian agriculture and real estate company BrasilAgro, BrasilAgro will use the remaining portion of the 300 million USD raised in its 2006 initial public offering on the Sao Paulo stock exchange to invest in agriculture and expand its market share in Brazil.

BrasilAgro plans to invest 100 million USD to purchase farmland in Brazil.

Currently, BrazilAgro owns nearly 200,000 hectares of farmland in Brazil. Cresud Sacifya, Argentina's largest farmland-owning company, holds nearly 22.89% of BrazilAgro's shares and operates the company.

Cresud also plans to invest 20 million USD to acquire farmland in Uruguay for livestock farming and development.