Villa Lucero is a 9,004 hectares property located in the department of Tacuarembó in the northeast of Uruguay which we acquired from a distressed Uruguayan agriculture operator and subsequently returned to profitability.
In 2018, we acquired Villa Lucero, a 9,004 hectares property located in the department of Tacuarembó in the northeast of Uruguay, from a distressed agriculture operator.
We completed between 2018 and 2020 a successful operational turnaround at this historical but previously poorly managed farm, which is now operating profitably.
To do so, we had to immediately address a wide range of issues stemming from years of neglect, including poor landlord/tenant relationships; overexploitation and erosion of soils; derelict cattle, water and housing infrastructure; and inadequate compliance with regulations.
Importantly, we built from scratch our own 6,000 head cattle operation involving a thorough pastures/crops rotation system and employed proven regenerative agriculture techniques to substantially improve soil quality.