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Farm/Ranch For Sale in Chilecito, La Rioja, Argentina
Olive Plantation In Argentina!
Asking Price: $277,000 USD (Financing Available)
OLIVES - Ten hectares (over 24 acres) planted in the finest table elves for eating; another ten hectares planted in the finest oil variety available. Trees have been growing now for four years, and will be producing a net profit harvest this summer, 2019/2020. Another 30 hectares cleared but not yet planted. And more land contiguous or in the area, very reasonable, if you desire to expand. Taxes currently at zero because it's an agricultural development zone. Production rates of olives by neighboring farms have already beaten all Mediterranean record harvests!
An inexhaustible supply of pure cold water from the aquifer coming right out of the Andes Mountains. Located in a high-desert valley, (altitude 6,000') near the town of Chilesito. We are the first users of this water - no towns or reservoirs between us and the source.
Excellent well, electricity to the farm. The only building is the pump house. Temperatures in summer are very hot - perfect for growing olives and grapes. But you do not want to live there. Cooler places to live in the surrounding mountains and in the cities of Cihilesito and La Rioja, capital. (The Malbec grape thrives in this heat, and produces a unique flavor not found anywhere else in the world. Wine connoisseurs have praised it lavishly. You may want to plant Malbec instead of more olives.)
We have a reliable management team of three skilled and educated brothers who have been making sure this property is properly maintained and trees are fertilized, pruned, etc., and irrigation lines are all in good repair. They own land next door, so are there all the time to look after several properties.
Nearby high tech labs for testing and for processing your olives, to sell to the government (guaranteed prices) or to market privately with your own bottles and labels for export or domestic markets. Olives and wine from this valley are already showing up on European and world-wide markets.
Owner has grown old and children have no vision for the potential.
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