Overview

Coconuts, Teak, and Cattle in the Colombian Tropics

Farmfolio's inaugural project, Pietrasanta is a diversified agricultural asset dedicated to the production of coconuts, teak logs, and cattle. Located 35 kilometers from Montería, Colombia, the property features 230 hectares of Malayan Dwarf Coconut palm trees, a teak plantation of 64 hectares, and an intensive grass-fed cattle operation. Originally one of three ranches that used to make up the region’s iconic farm “La Antioqueña," Pietrasanta is an historic property with a rich agricultural tradition. With plentiful water resources, rich soil, and an ideal proximity to major ports, the Pietrasanta property is an ideal location for agricultural development in Colombia.

Fixed Assets
Malayan Dwarf Hybrid Coconut Palm Trees
Malayan Dwarf Hybrid Coconut Palm Trees
The Malayan Dwarf Coconut Palm is one of the most resilient and productive varieties of palm tree on Earth. In this case, 'dwarf' does not refer to the size of the tree but rather the early stage at which the Malayan Dwarf can begin producing harvestable coconuts. Our hybrid variety is highly resistant to the devastating Lethal Yellowing plant disease, and produces exceptional quality fruit.

The Malayan Dwarf Coconut Palm is one of the most resilient and productive varieties of palm tree on Earth. In this case, ‘dwarf’ does not refer to the size of the tree but rather the early stage at which the Malayan Dwarf can begin producing harvestable coconuts. Our hybrid variety is highly resistant to the devastating Lethal Yellowing plant disease, the Malayan Dwarf  is one of the most popular varieties for export.

As with many permanent crops, coconut trees have somewhat longer startup times until harvesting can begin. The advantage here is that although production takes longer to begin, trees can be continually harvested on an annual basis for many years to come. This makes our Malayan dwarf coconut palm trees an asset with high potential for appreciation.

At Pietrasanta, there are over 32,00 tree assets between the ages of 1-3 years of age. Flowering on mature trees has already begun, and trees are expected to start bearing fruit throughout 2020. Production maturity is expected to start on trees around 5 years of age, with projected yields of 100 -150 fruits per tree per annum.

Valuation by Year
Timeline
2016
Coconut Preparations Begin

After the Pietrasanta project was given the green light, preparations began for the implementation of coconut operations. The land was cleared, farm machinery was brought in, a coconut seedlings were brought in from Tumaco, Colombia.

Q2
Coconut Nursery Construction Completed

The addition of organic green coconuts, imported from Costa Rica, into GP was a major milestone for the operation and will drive high returns for years to come.

Q4
2017
Infrastructure Improvements

In order to improve the existing infrastructure on the Pietrasanta property, the team oversaw the installation of additional irrigation resources and housing structures.

Q2
100ha of Coconuts Planted

As international demand for coconut and coconut products continues to grow, Farmfolio’s introduction of this niche and high value crop could not have come at a better time.

Q3
150ha of Coconuts Planted

Upon completion of the coconut planting schedule, GP will have 370 hectares of Malayan Dwarf palm trees producing organic green coconuts.

Q4

Team

The Pietrasanta team is comprised of 34 field workers, three tractor operators, and a core agronomy team of three. Farmfolio's management services provide administration, accounting, HR, sales, and export services to the partnership. Currently, four fronts are found at the operation including the forestry planning and extraction program, the phytosanitary program, the agronomy program, and ranching.