Agriterra Ltd (AGTA)

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Company Description

Agriterra Ltd was incorporated as a Guernsey registered company on 17 December 2004 as White Nile Ltd and changed its name to Agriterra Ltd on 08 January 2009. The Company invests in agricultural and associated civil engineering industries in Africa. It is an agricultural company with beef, cocoa trading and palm oil operations. The Company's operating segments include grain processing, beef production, cocoa businesses, and others. Its cattle ranching business, Mozbife, has a herd in excess of 6,869 head, a land holding of over 21,000 hectares, a feedlot, a 4,000 head per month capacity abattoir and retail units. It also owns a proximal banana plantation and macadamia orchard. The Company's cocoa business is based in Sierra Leone, through its 100% subsidiary Tropical Farms Limited, which includes buying, trading and production operations, with over 3,200 hectares of plantation land for cocoa cultivation in addition to a 2.2 hectare nursery. The Company's maize buying and milling operations, DECA and Compagri, are located in Chimoio and Tete in central and north-western Mozambique which collect maize from farmers, process it into maize meal, the African staple, and then sell it back to the local market, into supermarkets and to the World Food Programme...