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Proposed Avocado Farm Development — Dominican Republic

Strengthening Agricultural Supply Chains Through Strategic Investment and Sustainable Production

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Project location: San José de Ocoa, Dominican Republic
Proposed land area: Approximately 40 acres
Project type: Agricultural investment and avocado production
Project initiation: February 2023
Current status: Pre-acquisition assessment and negotiations
Last project review: May 2026

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Why This Project Matters


Agricultural supply chains are increasingly influenced by changing production conditions, international transportation costs, market competition and broader economic pressures.


As an importer operating in Trinidad and Tobago, S. Mayo Health & Agro Solutions Limited recognises the importance of securing dependable agricultural supplies while managing challenges associated with international procurement and foreign-currency availability.


The proposed investment is intended to strengthen the company's ability to respond to these conditions through closer involvement in production and improved coordination with existing agricultural suppliers.

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Anticipated Project Benefits


Greater Supply Reliability
Developing an agricultural production base could provide greater visibility over crop availability, harvesting schedules and product quality, helping the company maintain a more consistent supply of avocados to its customers.


Improved Supply-Chain Coordination
Direct involvement in agricultural production would create opportunities for closer coordination between farming, harvesting, postharvest handling, export arrangements and distribution.


Long-Term Business Sustainability
The project represents a potential opportunity to diversify agricultural sourcing arrangements, strengthen operational resilience and support the company's long-term development.


Support for Agricultural Employment
If implemented, the project could create or sustain employment opportunities for agricultural workers and supporting service providers in the Dominican Republic.


Responsible Agricultural Development
The company recognises the importance of responsible land management, soil conservation, water-resource planning and environmentally sustainable farming practices, particularly in mountainous agricultural areas.

Project Development Timeline


Phase 1 — Initial Exploration and Supplier Engagement


February 2023 | Preliminary Agricultural Land Inquiries
The company initiated discussions with existing agricultural suppliers and farmers in San José de Ocoa and San Cristóbal to explore the availability of suitable agricultural land for a potential avocado production investment.
These discussions provided an initial understanding of land availability, agricultural production opportunities and local market conditions.


March 2023 | Engagement with Real Estate Representatives
Communications commenced with real estate agents in the Dominican Republic to identify agricultural properties potentially suitable for commercial avocado production.
This expanded the preliminary search beyond existing supplier and farmer networks.


Phase 2 — Preliminary Project Organisation


September 2023 | Identification of Potential Project Personnel
Preliminary meetings were held with individuals being considered for project management and related operational responsibilities, including agricultural production and marketing.
These discussions helped identify the management capabilities that would be required should the investment proceed.


January 2024 | Appointment of a Land-Search Consultant
A prospective project manager was engaged under a consultancy arrangement to undertake an independent search for suitable agricultural land.
This introduced a more structured approach to property identification and preliminary evaluation.


Phase 3 — Property Identification and Assessment


June 2024 | Identification of Alternative Agricultural Properties
Six potential agricultural properties were identified for consideration.
Photographs, videos and video-conferencing discussions were used to conduct preliminary assessments of the available properties, including their agricultural characteristics and general suitability.


January 2025 | Chief Executive Officer's Site Visit
The company's Chief Executive Officer visited the Dominican Republic to inspect agricultural properties and existing farming establishments.


These visits provided an opportunity to assess land conditions, access arrangements, established agricultural operations and potential investment requirements.


January 2025 | Identification of a Potential Avocado Farm
A property of approximately 40 acres was identified in the mountainous region of San José de Ocoa.


The property includes an established avocado orchard and presents an opportunity for further agricultural development.
However, its mountainous terrain, steep slopes and road-access challenges were recognised as important considerations requiring additional technical and financial assessment.


Meetings were held with the property owners to discuss land ownership, the proposed sale and preliminary pricing arrangements.


Phase 4 — Legal and Technical Due Diligence


March 2025 | Engagement of Legal Services
Legal professionals were engaged to investigate land tenure, ownership documentation and the legal considerations associated with the proposed agricultural investment.
The review also considered the property's suitability for lawful agricultural use.


May 2025 | Engagement of a Licensed Land Surveyor
With assistance from the company's legal representatives, a licensed surveyor was engaged to verify the property's boundaries and examine relevant cadastral information.


May 2025 | Completion of Land Survey
The land survey was completed, providing information to support the ongoing property assessment and acquisition discussions.


May 2025 | Preliminary Financial Administration Planning
An initial meeting was held with a prospective accounts clerk to discuss potential administrative and financial record-keeping responsibilities associated with the project.


June 2025 | Submission of Land Documentation
Relevant land documentation was submitted to the district mayor's office for verification and consideration of the necessary approvals.


July 2025 | Preliminary Water-Resource Assessment
The availability and potential use of water from a nearby river and a spring associated with the property were investigated.
Preliminary enquiries concerning water-use rights were undertaken to inform future irrigation planning.


Phase 5 — Further Site Assessment and Investment Planning


November 2025 | Follow-Up Agricultural Site Visit
The Chief Executive Officer and an agricultural consultant revisited the proposed property to conduct further observations of its agricultural characteristics and development potential.
The visit contributed to the continuing assessment of land conditions, orchard management requirements and possible infrastructure improvements.


January 2026 | Property Negotiations and Financing Enquiries
Discussions with the property vendor continued concerning the proposed purchase price.
The company also commenced exploring potential financing arrangements to support the acquisition and subsequent agricultural development, subject to commercial feasibility.


May 2026 | Project Reassessment
The company undertook a further review of the proposed investment, taking into consideration acquisition costs, financing requirements, agricultural production potential and the technical challenges associated with the property's mountainous terrain.
Particular attention was given to steep slopes, road access and the possible infrastructure investment required to support efficient agricultural operations.
The reassessment forms part of the company's continuing evaluation of the project's financial and operational feasibility.

Key Agricultural Development Considerations


The proposed property presents opportunities for avocado production but also requires careful planning because of its mountainous location.


The principal matters being considered include:


Road access and transportation: Assessing the suitability of existing access routes for agricultural vehicles, farm inputs and harvested produce.


Slope management and soil conservation: Evaluating erosion risks and appropriate measures to protect soil resources and maintain land stability.


Water availability and irrigation: Assessing available water resources, applicable permissions and the feasibility of irrigation infrastructure.


Existing orchard management: Evaluating tree health, production potential, rehabilitation requirements and appropriate agricultural practices.


Postharvest handling: Exploring arrangements to maintain fruit quality during harvesting, transportation and distribution.


Financial feasibility: Assessing acquisition costs, development expenditure, operating requirements and potential commercial returns.


These considerations will inform future investment decisions and any subsequent agricultural development programme.

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Future Development Priorities
Subject to successful negotiations, satisfactory due diligence and the availability of financing, the company intends to consider the following activities:

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  1. Finalisation of the proposed property acquisition.

  2. Detailed agricultural and engineering assessments.

  3. Preparation of a phased orchard rehabilitation and development plan.

  4. Evaluation of road access, drainage, soil conservation and irrigation requirements.

  5. Establishment of appropriate farm management and financial reporting arrangements.

  6. Development of harvesting, postharvest handling and export coordination procedures.

  7. Progressive implementation of agricultural operations, subject to financial and technical feasibility.

 

The scope and timing of these activities will depend on the outcome of the company's investment evaluation.

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Current Project Status
Pre-Acquisition Stage — Land Not Yet Acquired


As at November 2026, S. Mayo Health & Agro Solutions Limited has not completed the acquisition of the proposed agricultural property in San José de Ocoa, Dominican Republic.


The activities described above represent preliminary project development, property identification, professional consultations, site assessments, due diligence and investment planning.


The proposed farm remains subject to satisfactory legal and technical assessments, agreement on the purchase price, financing arrangements and final investment approval.


The company will provide further updates as the project progresses.

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