Sworn Investor, the agricultural arm of the Brito family received a loan of US$7 million

YoInvestor Oath, the livestock company from the Brito family which has under its orbit almost 90,000 hectares and is the main supplier of meat in northwest Argentina, received a loan of US$7 million by another firm of the holding company, the Macro Bank. The money will be used for working capital and investments and refinancing of liabilities.

The company that focuses on livestock production informed the National Securities Commission (CNV) that Banco Macro, part of the Brito family Holding, granted it a loan of up to US$7 million payable within 12 months, with the possibility of extending the date for an additional period of up to 12 months; and compensatory interest will be accrued quarterly at a fixed rate of 5% nominal annually.

Inversora Juramento was one of the great passions of the late businessman Jorge Britoformer number one of Banco Macro and today his family continues to stand firm with his legacy by investing in the Argentine northwest and particularly in a business segment that still has a lot to grow and where the company occupies a place of relevance.

More specifically, Inversora Juramento is one of the most important agricultural-livestock companies in northwest Argentina. The company is mainly dedicated to the production of meat for domestic supply, especially in the northwest of the country and to a lesser extent for export, precisely in this segment is where it would seek to grow in the medium term.

The company concentrates its activities in the province of Salta with almost 90,000 hectares of its own fields. One of its peculiarities is that together with other controlled firms it is vertically integrated in the different phases of production: breeding, rearing (wintering), fattening in pens (feedlot), industrialization and direct sale to the public in butcher shops with 23 points of sale.

Within its orbit is located the Frigorífico Bermejo, which operates the largest capacity meat processing plant in Salta and the second in the northwest of the country, with a slaughter capacity of 12,000 head per month. In parallel, The company has a livestock stock of more than 65,000 heads distributed over 40,020 hectares and feedlots.

ANDThe key fact is that the company concentrates between 90% and 95% of its sales in the local market. The company is strategically positioned to participate in the supply of meat consumption in Salta, Jujuy, Santiago del Estero, Catamarca, La Rioja and Chaco, competing and replacing part of the meat imports from other provinces such as Santa Fe, Córdoba and Buenos Aires. Aires, with quality levels similar to those of the meat produced in the humid pampas. In addition, it accounts for approximately 60% of the work and 20% of the consumption of Salta.

Meanwhile, The company is also strong in grain production, but the truth is that practically the entire harvest is used to feed livestock.. Last year they planted a total of 64,355 hectares: 4,625 hectares of soybeans, 1,003 hectares of sorghum, 13,899 hectares of corn, 2,828 hectares of irrigated alfalfa and 42,000 hectares of gatton panic.

Forwards, The company’s investments would be focused on adding more hectares of its own, growing the area under irrigation for grain production and increasing its livestock stock.