Earn Better Than 16% Per Annum From This Turn-Key Agri-Play
June 27, 2014, Penonome, Panama: This mango plantation investment opportunity in Panama is great turn-key diversification promising a return of better than 16% per year.
Dear Live and Invest Overseas Reader,
I've been telling you since February about an opportunity I've identified to invest in a mango plantation here in Panama. My team and I carried out due diligence on this investment for months in advance of my reporting on it initially, and my research team has been out to the plantation many times. However, finally, last weekend, I had a chance to go to see the operation firsthand myself. I was impressed.
The developer's original plan was to clear the first 100 hectares (of a total 750 hectares) for planting. However, sales have been brisker than expected, so they've taken advantage of having the necessary equipment on site and are clearing beyond 100 hectares. They expect to start putting trees in the ground in the next week or so. They have 8,000 trees ready for planting and another 4,000 being prepared offsite to follow. The nursery system has been designed to keep up with land clearance.
The most impressive thing I witnessed during the visit was the flight of the drone plane they are using to map the terrain before planting. The lead agronomist (and president of the company) wants to ensure optimal drainage, so he has his guys send up the drone at least once a week. The drone takes rapid-fire photos that the crew then review to monitor and manage the earthwork being done on the ground. It's a high-tech strategy for making sure the trees will get the right amount of water to produce optimum quantities and quality of mangos.