Share
100% funded by 332 investors
Alfeijoal Farm
Santarém, PT
instalment
biannual
term
3 years
yearly interest
5.95%
risk rating
C+
Preparation for spring in an irrigated organic olive grove.
Description
Quinta do Alfeijoal has installed Portugal's first super-intensive organic olive grove.
This campaign aims to finance agricultural operations such as pruning the olive trees (43,000 in all), tying the stakes, and harvesting. The harvest is done manually, but the promoter is implementing automation processes.
Quinta do Alfeijoal intends to continue to develop and optimize its Organic Production, creating a resilient and circular ecosystem. The promotor's strategic commercial focus is to export organic and conventional Portuguese agricultural products to large distribution chains in Nordic countries, complementing olive oil with wines and cheeses.
Olive trees naturally go into dormancy during periods of low temperatures, beginning in October and awakening again in the spring. Pruning and binding during this period of their cycle allows the trees to thrive in the following period, sustaining flowering where olives are generated. Ideally, the next harvest will be the first mechanized one.
The Minister of Agriculture and Food inaugurated the olive grove in April 2022. It was referred to as an example of organic production that combines sustainability techniques, different agricultural practices, and energy autonomy, obtaining greater profitability than conventional agriculture.
The Impact
- Promotion of organic farming: Quinta do Alfeijoal uses the Organic Production Mode in its olive grove. This sustainable and resilient food production system will be capable of an average production of 5 tons of olives per hectare in 2023, equivalent to 190 tons in 38 hectares. Considering 15% slinging, which translates into the oil squeezed/extracted from the olives, equals 28,500 liters of organic olive oil produced.
- Decent work: the promoter controls the suppliers of the temporary teams so that they have humane working conditions and fair pay.
Indirect:
- Use of renewable energy and promotion of the decarbonization of the economy: part of the energy consumed in the pumps are powered by the 30Kw solar panels installed.
- Conscious consumption and production: the pruning residues are used to promote organic matter in the plantation, and there is careful management of the efficient use of water through advanced control techniques.
- Sustainable soil management: through sowing techniques between the rows of the olive grove and the three annual grass cuts, the generation of organic matter is promoted, contributing to the fertilization and resilience of the soil.
- Promotion of learning for sustainable development: Through a partnership with the Agrarian School of Santarém, annually, the farm receives two trainees, with support in the costs, for practical field experience. In this way, it promotes the dissemination of knowledge and skills related to the organic production of food, promoting sustainable development.
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
Annual agricultural incentives will ensure the payment plan for investors.
As a result of this intervention, an average production of 5 tons of olives per hectare is expected in 2023, equivalent to 190 tons in 38 hectares. Considering 15% will translate into olive oil squeezed/extracted from the olives, this is equivalent to 28,500 liters. Thus, at an average exchange value of 4€/liter of organic olive oil, an invoicing of 114k euros will be obtained in the first mechanized harvest after these investments.
Download Key Investment Information Sheet
Guarantees
- Tractor pledge.
- Shareholder's pledge (Nuno Jardim).
The Promoter
About PositiveGravity, Unipessoal Lda.
Positivegravity is an agricultural company that manages the 64 hectares of Quinta do Alfeijoal, integrally certified in MPB (organic production method), including 38 hectares of irrigated olive grove, 4 hectares of rainfed olive grove, 16 hectares of forest and a small vineyard and walnut grove.
Quinta do Alfeijoal dates back to the XVIII century and was one of the largest holdings in the region, with an olive grove and olive press, vineyard, winery, fig grove, and distillery. After twenty years of abandonment, partly due to the family's rural exodus, a member of the 5th generation returned to the countryside. Here he installed the first super-intensive irrigated biological olive grove in Portugal.
The promoter has been distinguished with four honorable mentions:
-
ANJE Young Entrepreneur (Prémio Jovem Empreendedor ANJE), 2002.
-
National Agriculture Award (Prémio Nacional de Agricultura), 2021.
- BPI National Agriculture Award (Prémio Nacional de Agricultura BPI), 2022.
-
BGI Sustainability Award, 2023.
The company worked with the Portuguese NGO OIKOS to support their program with Small Organic Banana Communities in Peru, responsible for the first organic banana importation to Portugal as part of a FairTrade project.
The team
Nuno Mayer Jardim
With a degree in Marketing and a Master's in Retail Management, Nuno complemented his academic background with agronomic technical training focused on irrigation, plant nutrition, organic M.P., and olive growing. Nuno has over two decades of experience in business development for multinationals, sales, marketing, and logistics. At the same time, moved by other interests, Nuno also worked as a university professor and was in the creator of the first TEDx event in Portugal. At Quinta do Alfeijoal, Nuno is responsible for operations, technically supported by Manuel Castro e Brito, a renowned olive grower from Beja, and Professor Jose Manuel Ucles from Jaen University in Spain.
Business Model
Initially, the company was focused on making Quinta do Alfeijoal productive again.
The promoter's current goal is the implementation of a solar panel, using an environmental strategy focused on energy, to obtain a profitable and sustainable production.
Active since
2015
Fiscal country
PT
Operating In
Portugal
Industry
Agriculture
Number of Goparity Loans
2
Women Shareholders
No
Updates
2024-06-05
Project implementation – updates from the promoter
The promoter PositiveGravity, Lda has updates regarding the implementation of the project Alfeijoal Farm.
The funds raised through this campaign in December 2022 were completely used at Alfeijoal Farm to prune the 43,000 olive trees and tie the stakes. These processes are critical for the growth of perennial crops, such as orchards and vineyards, so that the plants can grow vertically.
The planned harvest did not take place because it was not needed. However, two other investments were made that are essential to the organic mode of production:
- the elevation of the irrigation drip pipe from the soil to a hanging support. This avoids ruptures in the tubes caused by animals,
- and the purchase of mechanical machinery that supports a more efficient weeding control of the plants. This is important since the organic production does not allow for herbicides.
To complement the company’s sustainability strategy, the promoter will install a photovoltaic power plant to decarbonize its activities. You can check the new campaign and invest through this link or go to all Open Campaigns.
2023-06-27
First payment
First instalment was paid to all the investors
2022-12-24
100% funded
312 investors successfully raised 20.000€
2022-12-24
100% funded
312 investors successfully raised 20.000€
2022-12-21
Open for investment
This campaign is open for investment
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