Food Magazine March 2016 | Page 37

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through additional capitalization in February of 2016 of $ 143 million ,” he said .
To optimize operations , investors focused funding on revamping the farms and four partner producers . An example of the improvements can be seen in yield increase over just one year . In the 2013 harvest , production per hectare was 45 bags of soy and 80 bags of corn ; however , the 2014 harvest produced 53 bags of soy and 112 bags of corn . This is an increase of 17 % and 40 %, respective to each crop .
“ We reduced in size , focused on productivity with controlled costs . Now we aim not to be the biggest , but one of the best producers of agricultural commodities ,” said Turbán .
INVESTMENTS IN CUTTING- EDGE TECHNOLOGY Operational excellence is also due to constant investments in vertical integration , process improvements , and results optimization .
To do this , El Tejar uses precise and comprehensive machinery . The company also has a validation and testing department , where practices
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