Adecoagro. 

Adecoagro S.A., founded in 2002 and based in Luxembourg, operates as a comprehensive agro-industrial enterprise with diverse activities across South America. The company's core operations include cultivating various agricultural products, managing dairy farms, and strategically developing land. It manages the entire lifecycle of several grains and oilseeds, from planting to harvesting and sales, encompassing crops such as wheat, corn, soybeans, peanuts, cotton, and sunflowers. Additionally, Adecoagro provides essential grain services like warehousing, conditioning, handling, and drying for third parties, and actively trades crops sourced from other producers. Beyond grains, the company is involved in the cultivation, processing, and marketing of rice. Its dairy segment produces and distributes a variety of products, including raw milk, UHT milk, cheese, and powdered milk. Adecoagro also plays a significant role in the sugar and ethanol industry, overseeing the cultivation and processing of sugarcane into these commodities, and further generates and sells cogenerated electricity from its mills to the national grid. A key part of its strategy involves identifying and acquiring underdeveloped or mismanaged farmland, subsequently enhancing its value through improvement and strategic sale. As of December 31, 2021, the company's assets included a total of 219,850 hectares of land, distributed across 18 farms in Argentina, 8 in Brazil, and 1 in Uruguay, alongside 241 megawatts of installed cogeneration capacity.