Panama Farmland Showing Demand

With the costs of petroleum going down, the price of cement, steel and
other construction materials tanking, the only commodities that have
experienced in increase in price is food and gold.  The increase in
food prices and the increase in agricultural incentives in panama has
seen a recent upsurge in demand for agricultural land in Panama.  With
many rich farmland throughout panama such as is the case in the cocle
province just 1 hour away from panama city, the demand for land from
locals as well as foreigners continue to rise.

In areas close to Penonome towards the hills in areas such as Tambo
there is vast amounts of land being used for orange plantations, with
over 1200 hectares of valencia oranges planted in this area.  There is
also a new orange processing plant for “Panama’s Best” orange juice and
in the months of January we should see the plant very busy due to
harvest season.  This areas rich and fertile soil is also very popular
for the plantation of other products such as pepper plantations,
vanilla plantations, coffee, bananas, and hardwood trees such as teak,
mahogany and oak.

We spoke to panama real estate experts at panama-experts.com
and they told us that recently they have seen an increase in demand for
farms that have teak already planted due to the tax incentives that
panama provides for teak investments and/or farmland.  Cattle raising
is also very popular in these areas with land parcels with great forage
planted on them and a plentiful amount of water from numerous rivers
and brooks throught these areas.  There are other areas in this
province that are also very popular for farming and rural residential
developments projects such as is the case in la pintada and Miraflores
where there is a rural residential project with larger than acre lots
with a “hobby farm” feel and the Palmar river running through the
back.  These areas represent great retirement opportunities since land
can be purchased as low as $4.00/meter for parcels with infrastructure
such as access, electricity, water and even internet.

~ by panamarealestates on December 27, 2008.