Genagro

"Genagro Ltd is an international investment company which specialises in financing, developing and growing farmland and farmland-related businesses to help fill the growing shortfall in the supply of grains and other agricultural products for the developed and developing worlds.

"In August 2011 the company changed its name from Agrifirma Brazil, following the successful sale of a majority shareholding in its first investment, a farmland development company in Brazil, to a leading Brazilian private equity group. In three years Agrifirma Brazil has grown from a startup to a substantial business which now owns or operates 42,000 hectares of farmland in the state of Bahia, with an option to acquire a further 27,000 hectares in 2012. The company is based in Sao Paulo.

"Founded in 2008 by Ian Watson and Jim Slater, Genagro Ltd is a successor to their profitable mining development venture Galahad Gold, which was listed on the AIM market between 2003 and 2008. It currently retains a substantial minority shareholding in Agrifirma Brazil, together with outright ownership of a fully developed farm in Western Bahia, Brazil, more than £20 million in cash and a range of other financial assets. "