Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Farmland, News Desk, Resources

Saudi Dairy Increases Farmland Holdings

2015AgDeal_lg
In an effort to provide feed to more than 170,000 cows, Saudi Arabia’s largest dairy, Almarai Company, paid $31.8 million to acquire the 1,790-acre Ulmer Ranch near Blythe, California. The purchase follows the acquisition two years ago of 10,000 acres in Arizona for $47.5 million. The Saudi government has banned water-thirsty crops, namely alfalfa, which is imperative to the Saudi dairy industry. The water rights on both properties are key. Blythe is located in the Palo Verde Valley and enjoys valuable Colorado River rights; the Arizona farmland holdings are in an area with no groundwater regulations. In addition to growing its own alfalfa, Almarai is also buying hay from neighboring farmers for export to the kingdom. The Saudis are not the only foreign investors eyeing American ag land. China buys as much as 20 percent of its total hay imports from the United States, and Japan and South Korea are also active buyers.
Read more about this 2015 Land Report Agriculture Deal of the Year in the Spring issue of The Land Report.

READ MORE

Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34

Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Please sign me up to receive breaking news and updates from The Land Report:
Print & Gift
Subscriptions Available

RELATED ARTICLES

Farmland

Corn Belt Sees Consecutive Annual Declines

The Seventh District registers back-to-back drops in farmland values for the first time since the …

News Desk

Shuttered Texas Silver Mine to Reopen?

First it was ethanol and the price per acre in the Corn Belt. Then oil …

News Desk

$500 Million Everglades Deal Postponed Again

Florida Gov. Charli It’s been almost two years since Florida Governor Charlie Crist announced the …

Copyright © Land Report LLC. All rights reserved.

Contact to Listing Owner

Captcha Code