Implementation Is The Key To Realizing Agricultural Investment ProfitsNov. 21, 2014, Panama City, Panama: This mango plantation investment in Panama is implementing well and projecting an IRR of 17.5% per year.
Dear Live and Invest Overseas Reader,
Lots of investment deals look great on paper. But sizing up potential profits on paper and realizing those returns are two different things.
What's the key to projections playing out? Implementation. And implementing is what the developers behind the mango plantation I've been recommending since the start of this year have been doing in an impressive way.
I visited the plantation recently to check on progress since my previous visit over the summer. On that visit about four months ago, the team on the ground was moving a lot of dirt and surveying the property with a drone to make sure they get the drainage right. This visit I saw that they've completed the clearing and earthwork for several hundred hectares of the plantation and have planted mango trees on more than 150 hectares. The planting teams move in right behind the clearing team and get the trees in the ground as soon as the land has been prepared.
Each tree is planted with a fertilizer mix to help it establish itself in the ground more quickly. You can see the benefit of the fertilization in the difference just a couple months in the ground makes. When each mango tree goes into the ground, it's little more than a stick. However, already, the first trees planted look like trees.
The fertilizer is a proprietary blend of organic materials mixed on the property. The head of the farming side of the operation tried to explain the biology behind each aspect of the fertilizer mix to me, but, frankly, my eyes began to gloss over. More important to me, I could see the results for myself.