In 2008, GWD Forestry (formerly Greenwood Management ApS) put forward the proposal to develop a number of barren land sites situated within the Western region of the state of Bahia, Brazil and located approximately 30km from the city of Barreiras.
The sites identified and focussed on for development included –
- Fazenda Tropical, Esmeralda, and Buriti, (Now referred to collectively as Fazenda Tropical) – 1,020 hectares
- Fazenda Barrinhas 1&II – 585 hectares
- Fazenda Sanata Maria I – 368 hectares
- Fazenda Vale do Buriti – 365 hectares
The project was officially launched in 2009 and carried on for a further 2 years until it was announced closed in 2011. In November 2016 after a number of initial delays GWD Forestry was finally granted the required licences by INEMA to cut and transport timber from the sites in line with the agreements signed between the company and IFU holder/s at the start of the project.
Nearly a decade on from the initial inception of the projects GWD Forestry has now progressed with its first phase of harvesting operations in line with those directions received by individual IFU holders. Over the years and in the interest of providing greater clarity for our clients a number of those sites proposed for development of the projects have subsequently received independent valuations at various stages of growth whilst further farm sites are expected to receive independent valuations prior to harvest.
Currently valuations have been received on the following farm sites, and based upon the value of the semi mature forestry established on those sites at time of valuation.
- Fazenda Tropical, Esmeralda, Buriti,
- Fazenda Vale do Buriti, and
- Fazenda Santa Maria I.
All valuations were commissioned by GWD Forestry and its Brazilian subsidiary operating company and conducted by registered professionals from 2014 onwards. Currently the valuations received in relation to those projects established with eucalyptus crops show a total asset value of R$7,948,094.77, whilst the valuations received are expected to be lower than the actual valuations at harvest based on mature eucalyptus forestry crops.
This website explains the background of the project proposal, providing information received by IFU holders at the start of the projects and explains the rational behind that proposal, projected rates, alongside reporting on the development of the project as a whole accompanied with external sources for easy reference.
This website also provides up to date information related to harvest results and schedules relating to further harvests as the project reaches its final phase.