Matuba: Irrigated Mixed Use Farm

Overview:
* Fertile land and plentiful water in a good location (black cotton soil)
* Wide variety of crop and livestock options
* Situated on a canal system fed from the Limpopo River
* Adjacent to a main tar road linked to Maputo
* Serviced by rail to Maputo’s main port
* Large processing/drying plant for grains, fruit, nuts, and vegetables in Chokwe, 10km from the farm.
* Large abattoir also located in Chokwe
* Located near the South African border, and the Maputo port and city, which ensures easy access to crop inputs and equipment spares, as well as to markets both in Africa and the Middle East/ Asia

Basic Farm Composition:
* 1,100 ha fenced off with a 14km barbed fence and perimeter access road
* State-registered 50-year Duat (land lease).
* All accommodation, administration, and workshop buildings are situated on the farm central administration complex at the farm's main entrance, near the main tar road
* Accommodation complex is made up of 2 x 2 bedroom houses with large verandahs, fully furnished and equipped, with a swimming pool. There is also a separate 1 bedroom house for the farm manager
* A designed irrigation system is in place, with 440 ha of irrigated pivots, 90 ha of flood irrigation for cane, and 52.5ha of drip irrigation for bananas.
* 3 pump stations in operation with their own transformers from the canal to the farm (200kva, 250 kva, 315 kva). With 4 more transformers on site.
* Unlimited water pumping rights from the HICEP canal & 2 boreholes at 130m on site to service the houses and offices.
* Biological assets in situ are 54 ha of drip-irrigated banana plantation
* The Mozambique government plans to declare Chokwe a “special economic zone”, to grow the area's business potential, with commensurate benefits on crop and beef enterprises
* storage is made up of 4 containers and 3 store rooms

Banana Production:
The establishment of the pilot 52.5ha banana plantation was from imported Williams variety tissue culture stock from Du Roi laboratories in South Africa. From an R&D perspective, the first crop cycle has been successful and the current plantation is being expanded to 200ha all under irrigation.

Sugar Beans:
Matuba undertook a contract to produce quality sugar bean seeds on a 27-ha drip irrigation in April 2018 for a regional seed marketing company. The yield of 2.2t/ha was good for this variety and the quality was excellent.

Sweet Potatoes:
Matuba has an existing, continuous contract to supply graded sweet potatoes to the SA market.

Cotton:
Matuba has an agreed, 3rd party contract, for a cotton crop to be grown on some of its not-yet-utilized pivot fields. A Portuguese textile company is expanding its raw cotton offtake base in Mozambican to feed into its cotton gin in Xai Xai and then on to its lint factory in Maputo. The next crop will be planted in October 2024. Expected to have a yield of 3.5kg per Ha.

The price is 5.255.000 USD. Listed in meticais for compliance