Shrimp Farm For Sale
Parrita, Costa Rica
Corporación Camaronera La Parrita S.A. owns 168 hectares (420 acres) with 84 hectares of pond surface in 23 ponds from 2 to 5 hectares each. The property abuts the island Palo Seco and lies 200 meters (650 feet) from Palo Seco beach and the Pacific ocean on the central coast of Costa Rica. It is a few minutes from Parrita and the Inter-American highway, now named for Pácifica Fernández, a particularly astute First Lady of Costa Rica in the early 20th century, which highway runs from Panamá to Nicaragua. Parrita is 25 km north of Quepos and Manuel Antonio National Park and 35 km south of Jaco.
The farm has been in continuous shrimp production since 1999 and currently sells to various buyers who export to the U.S. and Europe, with sales also to the Costa Rican market. It has produced intensively in the past and semi-intensively. The farm exported to Spain and the U.S. in earlier years.
There is a galerón, large shed, with bodegas for feed and tools, an office, an electric substation, 3 transformers, 8 aerators in 4 ponds, 14 ha. total, to increase production, and an acclimatization tank 3 meters wide, 1.5 meters deep, and 15 meters in length. 5 km of graveled roads circumnavigate the farm with other roads within to service the 23 ponds. The four ponds with aerators are usually seeded at 30 larva per meter which doubles production.
The farming operation consists of 117 hectares and there are in addition 51 hectares of mangrove. All property is titled. Nothing is concession. All governmental permits are active. The area of mangrove will remain mangrove due to the environmental laws for which the country is famous. The mangrove forest serves as filtration for water exiting ponds, a natural barrier, and home for many indigenous species of animals such as raccoons, monkeys, birds of all kinds, the occasional panther, as well as a variety of aquatic species of flora besides mangrove.
A potential buyer will be aware of property values in the area and profit capability of the business. Profit depends on management, seeding density, aeration, and marketing the production. The farm has been in semi-intensive,and intensive production since it began operation producing up to 200 MT per cycle intensively. With more aeration higher production occurs.
16 hectares of African palm were planted on levees and other idle areas in August, 2013, and became productive in December, 2015, now producing 5-10 MT monthly which will increase.
The shrimp in the ponds as well as all supplies, feed, materials, and all costs associated with the shrimp in the ponds, larva, diesel, labor, materials, liming, disking, etc. at the time of sale are not included in the sale price, but will be valued separately at the time of sale, and are an additional cost to any buyer.
In September, 2014, 4 ponds, 14 hectares in total, were aerated to double their production capacity. Another two ponds are ready to receive aerators, which when done would be a total of 20 hectares with aeration and double production.
Local barren land values are $7 to $50 per sq. meter. An appraisal of 5.2 hectares next to the island and beach, part of which includes pond 23, made in early 2014 was $1.66 million, by appraisers for the bank LAAD, Coral Gables, Florida, $30 M2 for that area. An appraisal of the whole farm, 168 hectares done by others was $15 million in 2008. Business profit is a valuation method also. As a business the value is $8-10 million using standard methods. There are 168 hectares, 420 acres, 210 acres of which is water surface divided into 23 ponds.
The price is $7 million.
51 additional hectares of forest included, all titled.
The Road Not Taken-Robert Frost
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
Production can increase with aeration in the entire farm, already proven in 2002-2005. Solar or wind generation sent to ICE, the national electric company, can be later withdrawn.