Farm group Los Grobo eyes fresh Argentine investment

Source: Reuters
By: Maximilian Heath
08.10.2016

Latin American farming production and services group Los Grobo is looking to invest $100 million in Argentina in coming years, encouraged by new market-friendly government policies, the company president said on Wednesday.

"We are investing in research and development, in chemicals as well as agriculture items like seeds and services," Gustavo Grobocopatel said at a Reuters Summit on Argentina.

President Mauricio Macri ended years of tension between the farm sector and the state when he took office in December. Spurred by tax cuts and Macri's open market policies, wheat and corn planting has increased.

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