Due to the corona quarantine and financial difficulties for many companies, local and national authorities in Uruguay decided to postpone payments of asset tax and primary school tax for landowners.
In the meantime, we make an effort to receive rental payments without delay. So far, none of the tenants we work with has requested delay of payment. Sufficient liquidity is one of the key elements we look at when deciding who to work with.
Harvest of grains and sales of cattle continues providing cash for operators in this sector.