Exhibit 8.1



Subsidiaries
of Adecoagro S.A.



Majority Owned Subsidiaries:



|   |  | Name                                               |  | Place of Incorporation
|-- |  | -------------------------------------------------- |  | ----------------------
|1  |  | Adecoagro GP S.à r.l.                              |  | Luxembourg            
|2  |  | Adecoagro LP S.C.S                                 |  | Luxembourg            
|3  |  | Kadesh Hispania S.L.U.                             |  | Spain                 
|4  |  | Leterton España S.L.U.                             |  | Spain                 
|5  |  | Global Calidon S.L.                                |  | Spain                 
|6  |  | Global Acamante S.L.                               |  | Spain                 
|7  |  | Global Mirabilis S.L.                              |  | Spain                 
|8  |  | Global Carelio S.L.                                |  | Spain                 
|9  |  | Global Asterion S.L.U.                             |  | Spain                 
|10 |  | Global Pindaro S.L.U.                              |  | Spain                 
|11 |  | Global Acasto S.L.U.                               |  | Spain                 
|12 |  | Global Pileo S.L.U.                                |  | Spain                 
|13 |  | Global Anceo S.L.                                  |  | Spain                 
|14 |  | Global Laertes S.L.U.                              |  | Spain                 
|15 |  | Global Seward S.L.U.                               |  | Spain                 
|16 |  | Peak Texas S.L.U.                                  |  | Spain                 
|17 |  | Peak City S.L.U.                                   |  | Spain                 
|18 |  | Global Hisingen S.L.                               |  | Spain                 
|19 |  | Global Neimoidia S.L.U.                            |  | Spain                 
|20 |  | Adeco Agropecuaria S.A.                            |  | Argentina             
|21 |  | Pilagá S.A.                                        |  | Argentina             
|22 |  | Cavok S.A.                                         |  | Argentina             
|23 |  | Establecimientos El Orden S.A.                     |  | Argentina             
|24 |  | Agro Invest S.A.                                   |  | Argentina             
|25 |  | Forsalta S.A.                                      |  | Argentina             
|26 |  | Bañado del Salado S.A.                             |  | Argentina             
|27 |  | Dinaluca S.A.                                      |  | Argentina             
|28 |  | Compañía Agroforestal de Servicios y Mandatos S.A. |  | Argentina             
|29 |  | Simoneta S.A.                                      |  | Argentina             
|30 |  | Ladelux S.A.                                       |  | Uruguay               
|31 |  | Kelizer S.A.                                       |  | Uruguay               
|32 |  | Agroglobal S.A.                                    |  | Uruguay               
|33 |  | Adecoagro Brasil Participações S.A.                |  | Brazil                
|34 |  | Adeco Agropecuária Brasil Ltda.                    |  | Brazil                
|35 |  | Usina Monte Alegre Ltda.                           |  | Brazil                
|36 |  | Adecoagro Vale do Ivinhema S.A.                    |  | Brazil                
|37 |  | Adecoagro Commodities Ltda.                        |  | Brazil                



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|  |  | Non
    - consolidated Affiliated Entities |  |                       
|- |  | ------------------------------------------ |  | ----------------------
|  |  | Name                                       |  | Place of Incorporation
|1 |  | CHS Agro S.A.                              |  | Argentina             
|2 |  | Avicola del Plata S.A.                     |  | Argentina             



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