Daniel K. Ludwig - Citricos de Chiriqui, SA

Citricos De Chiriqui, SA

In a 25 million dollar 1960 project in Panama, Ludwig bought 10,000 acres (40 km2) of land in Dolega, in the interior of Panama. He had all the land cleared and built roads and bridges. 800,000 Velencia orange trees were planted and full production was expected in 1967. It was considered the largest privately owned venture of its kind in the world. Years later it would fall into government hands. In a New York Times article, "Auction Fails in Panama," May 27, 1991, Citricos de Chriqui, SA failed to attract any bidders, the minimum asking price was 13.9 million.