In collaboration with Consulai


Portugal is well-known for the quality of its agriculture products. Olive oil, wine, fruits, vegetables and many other products are highly valued in international markets.

Part of the secret relates to the mild Mediterranean climate, with warm and sunny summers, and a fresh breeze from the Atlantic coast. This, together with the availability of water resources, explain why Portugal has recently been (re)discovered by international agricultural investors.

Notwithstanding, the biggest advantage of agriculture in Portugal is the calendar. Effectively, in Portugal farmers have the capacity to produce earlier than in Northern and Central Europe, allowing get higher prices for their products during the pre- season, with high quality products.

An increasing number of foreign investors are developing new projects in the irrigated areas of Centre, Alentejo and Algarve regions, in order to extend the harvests in their countries with crops in Portugal.


Despite the small size of the country, the topographic conditions are significantly different in the North, in the Centre or in the South of Portugal. In the North, the slopes are steep, the landscape is dominated by forest and most of the properties are very small (less than 1 ha!).

In the Centre and in the South, the slopes are usually slight, but the topography is diverse. In the west (Oeste) region and the Tejo valley (Ribatejo), respectively North and Northeast of Lisbon, there are thousands of hectares of plains with good soils that have been irrigated for many years. In the Southeast of Portugal, in the Inner Alentejo region, there is another plain.

The soils present in Portugal are quite diversified and provide a great variety of options, with different potentials for agricultural use.

The major irrigation schemes in Portugal (more than 5,000 ha of land) are located in the Alentejo region, the Tejo Valley and the Centre of Portugal. Alqueva, in Alentejo, is the biggest irrigation scheme in Portugal.


Public Irrigation Areas

Region Existing Area (Ha) Potential Area (Ha) Total (Ha)
Alentejo 181 912 6 855 188 766
Algarve 13 046 7 146 20 193
Centre 39 099 5 182 44 281
Lisbon and Tagus Valley 31 714 5 658 37 372
North 10 511 4 179 14 690
Total 276 283 29 019 305 302

Source: Consulai (based on DGADR)


Olive is the most representative Portuguese agricultural product in terms of planted area, followed by grains and wine. However, in terms of exports value, wine is the dominant product. Over the last five years several products recorded a relevant exports growth, namely Berries and Other Fruits as well as Almonds, which value more than duplicated. Despite not being amongst the most important agriculture products in value of exports, almonds represented €32 million in exports in 2020, increasing 170% from 2015.

Most important Agriculture Products in Area

Source: INE

Most important Agriculture Products in Value of Exports​​​​​

Source: Eurostat

The majority of irrigation crops are located in the Centre and Alentejo regions, with the exception of the North region were the famous Douro vineyards are located. We have been observing an increase in the plantations of almond trees both in Idanha and Alqueva zones. We also highlight the Algarve region, in the south of the country, where historically oranges have been the predominant crop but other tropical fruits such as mango and avocado have been gaining terrain quickly, in the more recent years.


Major Crops per Irrigation Region

Douro Vineyards
Trás-os Montes Almonds, apples, chestnuts, stone fruits and olive oil
Cova da Beira Apples, cherries, other fruits
Idanha Nuts, namely almonds and walnuts, pistachio
Baixo Mondego Corn, horticultures (mainly fresh produce), rice
Ribatejo (Tejo Valley) Corn, rice, tomato, vegetables (fresh and industry)
West Region Fruits (apple, pear), horticultures (fresh) and vineyards
Alqueva Almonds, apples, beans, colza, horticulture, olive oil, pears, stone fruits
Alentejo West Coast Berries, horticulture
Sado Valley Rice
Algarve Oranges, tropical fruits

Source: Consulai


In the Portuguese agribusiness market, it is more frequent to have lease or managing contracts over land sites rather than sale transactions, due to the low availability of properties for sale as the land is still predominately held by Portuguese families, with complex corporate structures and many stakeholders. Lease contracts are typically for a 25 year period.

Over 10,000 ha of irrigated land for agribusiness development were transacted from 2018 to 2020, both through leasing and sales operations. However, in the first four months of 2021 transaction deals have already achieved 12,000 ha. The agribusiness market is effectively boiling and the purchase of land portfolios by international investors has been boosting annual figures. Almond and olive are the preferred crops. The Alqueva and Idanha irrigation regions include over 90% of the land area transacted. In Algarve, despite the propitious climate for tropical fruits, due to the small average area transacted (< c. 5 ha), the region is still not very representative in the investment market.

Spanish capital inflow has been the most representative, but we see a strong increase in North American investment. De Prado, ISFA and Generandi Agro from Spain, as well as Route One and Duck River Agriculture from North America, are amongst the most active international players.

The value per hectare for greenfield properties with irrigation infrastructures in Alqueva, can achieve 25,000/ ha (for permanent crops), but an almond production in a mature stage (brownfield) can exceed €80,000/ha.

The gross prime yield for a greenfield leased property is 4%.








BENEFICIARIES Individuals and corporations Individuals and corporations

Total investment amount over €25,000

Evidence of economic and financial viability, measured by IRR, NPV and Pay-Back

Total investment amount over €200,000

Present technical, economic and financial coherence

TYPE OF SUPPORT Non-reimbursable grants, depending on the total amount of investment Non-reimbursable and reimbursable grants, depending on the total amount of investment and the accomplishment of the project’s objectives

Max. 50% of the eligible investment in less developed regions or areas with natural or other specific constraints; or

Max. 40% of the eligible investment in other regions

Min 30% of the eligible investment with mark-ups up to 75%

In general, 50% non-reimbursable and 50% reimbursable interest free

AVAILABLE AMOUNTS Each call for applications defines investment amounts and admission conditions Each call for applications defines investment amounts and admission conditions

Source: Consulai