<SEC-DOCUMENT>0000950123-11-101771.txt : 20111202
<SEC-HEADER>0000950123-11-101771.hdr.sgml : 20111202
<ACCEPTANCE-DATETIME>20111202141722
ACCESSION NUMBER:		0000950123-11-101771
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111202
FILED AS OF DATE:		20111202
DATE AS OF CHANGE:		20111202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Adecoagro S.A.
		CENTRAL INDEX KEY:			0001499505
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35052
		FILM NUMBER:		111239796

	BUSINESS ADDRESS:	
		STREET 1:		13-15 Avenue de la Liberte
		CITY:			N/A
		STATE:			N4
		ZIP:			L-1931
		BUSINESS PHONE:		352 2689-8213

	MAIL ADDRESS:	
		STREET 1:		13-15 Avenue de la Liberte
		CITY:			N/A
		STATE:			N4
		ZIP:			L-1931
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><U>FORM 6-K</U></B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Report of Foreign Private Issuer</B></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 under the<BR>
Securities Exchange Act of 1934</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>For the month of December, 2011<BR>
Commission File Number 001-35052</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Adecoagro S.A.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Translation of registrant&#146;s name into English)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>13-15 Avenue de la Libert&#233;<BR>
L-1931 Luxembourg<BR>
R.C.S. Luxembourg B 153 681</B><BR>
(Address of principal executive office)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Form&nbsp;20-F <FONT style="font-family: Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form&nbsp;40-F <FONT style="font-family: Wingdings">&#111;</FONT></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1): <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7): <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under
the Securities Exchange Act of 1934.
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Yes <FONT style="font-family: Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No <FONT style="font-family: Wingdings">&#254;</FONT></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection
with Rule&nbsp;12g3-2(b): 82-&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;.
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ANNOUNCEMENT OF SALE OF FARM IN ARGENTINA
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;2, 2011, the registrant issued a press release pertaining to the sale of a 2,438
hectares farm named &#147;La Alegr&#237;a&#148; located in General Villegas, Province of Buenos Aires, Argentina,
for a total price of US$13.7&nbsp;million. A copy of the press release is attached to this Report on
Form&nbsp;6-K
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The attachment contains forward-looking statements. The registrant desires to qualify for the
&#147;safe-harbor&#148; provisions of the Private Securities Litigation Reform Act of 1995, and consequently
is hereby filing cautionary statements identifying important factors that could cause the
registrant&#146;s actual results to differ materially from those set forth in the attachment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s forward-looking statements are based on the registrant&#146;s current
expectations, assumptions, estimates and projections about the registrant and its industry. These
forward-looking statements can be identified by words or phrases such as &#147;anticipate,&#148; &#147;believe,&#148;
&#147;continue,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;is/are likely to,&#148; &#147;may,&#148; &#147;plan,&#148; &#147;should,&#148; &#147;would,&#148;
or other similar expressions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The forward-looking statements included in the attached relate to, among others: (i)&nbsp;the
registrant&#146;s business prospects and future results of operations; (ii)&nbsp;weather and other natural
phenomena; (iii)&nbsp;developments in, or changes to, the laws, regulations and governmental policies
governing the registrant&#146;s business, including limitations on ownership of farmland by foreign
entities in certain jurisdictions in which the registrant operate, environmental laws and
regulations; (iv)&nbsp;the implementation of the registrant&#146;s business strategy, including its
development of the Ivinhema mill and other current projects; (v)&nbsp;the registrant&#146;s plans relating to
acquisitions, joint ventures, strategic alliances or divestitures; (vi)&nbsp;the implementation of the
registrant&#146;s financing strategy and capital expenditure plan; (vii)&nbsp;the maintenance of the
registrant&#146;s relationships with customers; (viii)&nbsp;the competitive nature of the industries in which
the registrant operates; (ix)&nbsp;the cost and availability of financing; (x)&nbsp;future demand for the
commodities the registrant produces; (xi)&nbsp;international prices for commodities; (xii)&nbsp;the condition
of the registrant&#146;s land holdings; (xiii)&nbsp;the development of the logistics and infrastructure for
transportation of the registrant&#146;s products in the countries where it operates; (xiv)&nbsp;the
performance of the South American and world economies; and (xv)&nbsp;the relative value of the Brazilian
Real, the Argentine Peso, and the Uruguayan Peso compared to other currencies; as well as other
risks included in the registrant&#146;s other filings and submissions with the United States Securities
and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These forward-looking statements involve various risks and uncertainties. Although the
registrant believes that its expectations expressed in these forward-looking statements are
reasonable, its expectations may turn out to be incorrect. The registrant&#146;s actual results could be
materially different from its expectations. In light of the risks and uncertainties described
above, the estimates and forward-looking statements discussed in the attached might not occur, and
the registrant&#146;s future results and its performance may differ materially from those expressed in
these forward-looking statements due to,
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">inclusive, but not limited to, the factors mentioned above. Because of these uncertainties,
you should not make any investment decision based on these estimates and forward-looking
statements.
</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Adecoagro S.A.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Carlos A. Boero Hughes
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Carlos A. Boero Hughes&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer and<br>
Chief Accounting Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: December&nbsp;2, 2011
</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">PRESS RELEASE
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Adecoagro Captures Gains From Land Transformation</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters. AGRO.K), one of the leading agricultural
companies in South America, announced today that on November&nbsp;30, 2011, it completed the sale of &#147;La
Alegr&#237;a&#148; farm, located in General Villegas, province of Buenos Aires, Argentina, for a total price
of $13.7&nbsp;million. The selling price of this farm was 23.0% over Cushman &#038; Wakefield&#146;s independent
appraisal dated September&nbsp;2011 of $11.2&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">La Alegria is a 2,438 hectare farm purchased by Adecoagro in 2007 for a total of $5.9&nbsp;million or
$2,420 per hectare. The farm was used for cattle grazing by the former owner. Following the
initial acquisition, Adecoagro applied its sustainable production model to La Alegria to transform
a total of 1,948 hectares for the production of soybean, corn and wheat. After four years of
enhancing the productivity of the soil by applying no-till farming, crop rotation, balanced
fertilization and other best practices, the farm was sold for $13.7&nbsp;million, equivalent to $5,623
per hectare, obtaining an internal rate of return of 23.2%. This transaction will generate
approximately $8.9&nbsp;million of operating profit for the fourth quarter of 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the last six years, Adecoagro has been able to capitalize gains of over $103.6&nbsp;million by
strategically selling at least one of its fully mature farms per year. Monetizing a portion of its
land transformation gains each year allows Adecoagro to redeploy its capital efficiently and
continue expanding its operations by acquiring land with high transformation potential.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Adecoagro believes that the consistent development and sale of farms like La Alegria evidences
Adecoagro&#146;s ability to continue generating shareholder value through its land transformation
activities and sustainable production model.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Investor Relations Department</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Hernan Walker<BR>
IR Manager<BR>
Email: ir@adecoagro.com

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Adecoagro:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Adecoagro is a leading agricultural company in South America. Adecoagro owns over 295 thousand
hectares of farmland and several industrial facilities spread across the most productive regions of
Argentina, Brazil and Uruguay, where it produces over 1&nbsp;million tons of agricultural products
including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others.
</DIV>



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