Cresud Snapshot
Where's the beef? It's in Argentina -- at Cresud, one of Argentina's largest agricultural companies. It raises beef and dairy cattle and cultivates grains, including corn, soybeans, sunflowers, and wheat. Cresud, an agricultural REIT (real estate investment trust), is also one of Argentina's largest landowners, with control over more than one million hectacres (~2.5 million acres) of farmland. In addition, Cresud farms and ranches on leased lands. Cresud is in partnership with Tyson Foods and Cactus Feeders of Texas to raise cattle in feedlots. It also has a joint venture with China's largest farming company to buy land and farm soybeans. Cresud also owns 70% of the agricultural Web portal, fyo.com.