Hendrix Farms Brasil Ltda
In 2009 the Hendrix family from Indiana purchased some Brazilian farmland. They set up a LLC in Indiana and a Limitada (LLC equivalent in Brazil). The LLC wholly owns the Limitada. The Limitada holds the title to the Brazilian land. In 2010 the Brazilian government placed restrictions on new farmland purchases by foreigners. The Hendrix family is offering the sale of their LLC interests, which would completely transfer ownership of the Brazilian properties.
The Ltda and the farm are managed/operated through a crop share partnership with Carroll Farms Brazil out of Carthage, IL.
The farmland that the Hendrixes purchased was a portion of a farm property called ‘Eldorado’. Other portions of the Eldorado farm are
owned by two other landlords and also operated in partnership with Carroll Farms. Also, a portion of the Eldorado farm to the South of the
Hendrix farm is owned and operated by Brazil Iowa Farms (Iowa 3).
After extensive title due diligence MetLife Ag Investments loaned the Hendrix LLC funds which went towards the farm purchase. The loan
is US based but utilizes the Brazilian farmland as collateral.
The LLC / Ltda owns 2,547.6
acres (2,036.1 acres of farmland
and 511.50 acres of ‘legal
The Hendrix family is asking for
$7.0 million dollars. Seller
financing on terms is available
pending credit approval.
Contact: David Weihs:
+1 515 897 1223
Upon request we can provide a detailed soil sample analysis. Since
the moment of purchase we have conducted ‘grid’ sampling down to
10 acre areas every 2 years. Variable rate applications of fertilizer
and lime have been performed based on the sampling results. This
farm is one of the highest quality farms currently in the land market of
the West of Bahia.
Since 2009 the consulting agronomist for this property has been Mr.
Luis Henrique Kasuya.
C.T.C (CEC equivalent):
Ca a CTC:
pH (note this is in CaCl and not water; add about .5 to pH to compare
to pH in water)
The Hendrix farm is located in the West of Bahia. It is 3 kilometers
east of the main highway, BR020. This agricultural region is
considered on the most important cotton producing areas in the West
All of the properties have been surveyed and registered with the Brazilian
government’s satellite mapping program. The farmland has been certified and
the legal reserves are still pending certification.