Legal Matters

Agricultural Land Consortium (or Groupement Foncier Agricole - GFA) principle:

  • A small group of associate investors
  • Purchase by each associate of a part of the parcel being sold
  • Contribution of the parcel in nature of an Agricultural Land Consortium (or GFA) to be created
  • Make the vineyard available to a previously selected winegrower, on long-term lease
  • Management provided through the duration by appointed representative

The Agricultural Land Holding is therefore a legal structure specific to agriculture whose aim is to purchase agricultural land and rural assets and lease them to agricultural entities or businesses (which must operate these same assets).

Legally, the GFA is part of the family of non-trading companies.

As far as it operating is concerned, in principle, only individuals can belong to a GFA.

There are nevertheless exceptions provided in relation to the SAFER (Sociétés d'Aménagement Foncier et d'Établissement Rural), SCPI (Sociétés Civiles de Placement Immobilier) and insurance and capitalisation companies.

From the legal stance, the operating of a GFA is very close to that of operating a non-trading company.

The advantages of the GFA are in effect fiscal and financial.


 

 

 

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