Exhibit 8.1
Subsidiaries of Adecoagro S.A.
Majority Owned Subsidiaries as of December 31, 2012:
| Name | Place of Incorporation | |||
| 1 | International Farmland Holdings LP | Delaware, United States | ||
| 2 | Adecoagro LP | Delaware, United States | ||
| 3 | ONA Ltd. | Malta | ||
| 4 | TOBA Ltd. | Malta | ||
| 5 | Kadesh Hispania S.L.U. | Spain | ||
| 6 | Leterton España S.L.U. | Spain | ||
| 7 | Adeco Agropecuaria S.A. | Argentina | ||
| 8 | Pilagá S.A. | Argentina | ||
| 9 | Cavok S.A. | Argentina | ||
| 10 | Establecimientos El Orden S.A. | Argentina | ||
| 11 | Agro Invest S.A. | Argentina | ||
| 12 | Forsalta S.A. | Argentina | ||
13 | Bañado del Salado S.A. | Argentina | ||
14 | Dinaluca S.A. | Argentina | ||
15 | Compañía Agroforestal del Servicios y Mandatos S.A. | Argentina | ||
16 | Simoneta S.A. | Argentina | ||
17 | Ladelux S.A. | Uruguay | ||
18 | Kelizer S.A. | Uruguay | ||
19 | Adecoagro Uruguay S.A. | Uruguay | ||
20 | Adeco Brasil Participações S.A. | Brazil | ||
21 | Adeco Agropecuária Brasil S.A. | Brazil | ||
22 | Usina Monte Alegre Ltda. | Brazil | ||
23 | Fazenda Mimoso Ltda. | Brazil | ||
24 | Adecoagro Vale do Ivinhema Ltda. | Brazil | ||
Non-Consolidated Affiliated Entities
| ||||
| Name | Place of Incorporation | |||
| 1 | Grupo La Lácteo Inc. | Alberta, Canada | ||
| 2 | Grupo La Lácteo LP | Alberta, Canada | ||
| 3 | La Lácteo S.A. | Argentina | ||
| 4 | Santa Regina Agropecuaria S.A. | Argentina | ||
| 5 | CHS Agro S.A. | Argentina | ||
