Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops, rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. Its manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company's land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land.

Sales Analysis. Adecoagro SA reported sales of $793.24 million for the year ending December of 2018. This represents a decrease of 15.0% versus 2017, when the company's sales were $933.18 million. Contributing to the drop in overall sales was the 16.3% decline in Sugar, Ethanol and Energy, from $610.62 million to $510.94 million. There were also decreases in sales in Farming (down 7.1% to $299.67 million) .