Dairy Farm -- Development Property¶
- Type
- Farms
- Agent
- Allen Rosen
- Company
- Chiriqui Coastal Real Estate
- Robiro
- Chiriqui
- Country
- Panama
- Price
- USD $ 1,800,000
Remarkably attractive and well-kept dairy farm with 62 hectares (155 acres) near Potrerillos in Chiriqui province. The property comes with an owner's home and out-buildings. The asking price for the land and buildings is $1,800,000.
The owners, who wish to retire, will sell the dairy cattle, all farm equipment, including tractors and milking machines, plus contracts and licenses to sell Grade "A" milk to a local dairy, for an additional $200,000. This is a turnkey operation. At present the owner has 104 dairy cattle on the farm, of which he is milking 60-90 at any given time. Average production per cow is very high for Panama -- 22 liters per day. The farm currently produces income of $15,000 per month.
Panama has a shortage of domestically produced dairy products. 50% of all milk sold in the country is imported, and the government has several programs to encourage dairy production, including low interest loans to buy cattle. Milk prices are good. This is a profitable business in Panama.
The farm is also very beautiful, with outstanding ocean and mountain views, a lovely river and waterfall. This property has excellent potential both as a dairy operation and a development property where an enterprising buyer could combine a working farm with a project selling small hobby farms and riverfront lots within the larger property.
The climate in this area is also perfect, cooler than the coastal plain, but warmer than highland areas such as Boquete or Volcan. No need for heating or air-conditioning.
The property is a kilometer or so from a newly paved road, and 30 minutes from the city of David, where there is an airport and plenty of stores selling everything you need.