African Palm Tree Hacienda For Sale!KM 157, Santo Domingo, Santo Domingo de los Tsáchilas Province

This Hacienda...it's got it going on! All the hard work of planting and waiting for its growth and development has been done for you! This 105 HA (259acres) farm has maximized its area of cultivation in its entirety. It includes four living compounds. Easy accessibility...the Hacienda entrance is right off the main road. Located on the KM 157 in route to Puerto Quito from Santo Domingo, this Hacienda is producing an average of 20 tons monthly of fruits during the harvest and generates an annual net income around the $50K's. Like all good things, it is being sold to a younger generation like yourself, that has the love and stamina to reap the rewards of this magnificent farm. Elaeis guineensis is a species of palm commonly called African oil palm or macaw-fat. It is the principal source of palm oil. It is native to west and southwest Africa, specifically the area between Angola and the Gambia; the species name guineensis refers to the name for the area, Guinea, and not the modern country which now bears that name. The species is also now naturalized in Madagascar, Sri Lanka, Malaysia, Indonesia, Central America, the West Indies and several islands in the Indian and Pacific Oceans. The closely related American oil palm Elaeis oleifera and a more distantly related palm, Attalea maripa, are also used to produce palm oil. Human use of oil palms may date as far back as 5, 000 years in West Africa; in the late 1800s, archaeologists discovered palm oil in a tomb at Abydos dating back to 3, 000 BCE. It is thought that Arab traders brought the oil palm to Egypt. Mature palms are single-stemmed and grow to 20m tall. The leaves are pinnate and reach between 3-5m long. A young palm produces about 30 leaves a year. Established palms over 10 years produce about 20 leaves a year. The flowers are produced in dense clusters; each individual flower is small, with three sepals and three petals. The palm fruit takes five to six months to mature from pollination to maturity. It is reddish, about the size of a large plum, and grows in large bunches. Each fruit is made up of an oily, fleshy outer layer (the pericarp), with a single seed (the palm kernel), also rich in oil. When ripe, each bunch of fruit weighs between 5-30 kg (11-66 lb) depending on the age of the palm tree.