what China buys cheap land in South America ?
Buy what China buys, cheap land in south America. roduces many staple food of China will need more of increasing revenue. Corn, soybean, sunflower (oil), and beef are some of the main products. Not to mention that cheap land in south America and improve good use or sell in huge profits.
“Not yet” really? Several other members of CAPS believes that the agricultural land is really the core of the thesis for the purchase of Cresud so cheap land in south America is not the reason. kpedo2000, for example, told us back in September: “Cresy is 35% of the [investment IRSA (NYSE: IRS)] (representing 62% of [Alto Palermo (NASDAQ: APSA)], along with a wide portfolio of assets in Argentina. .. dedicated to agriculture (Think of Iowa, no snow and you have an idea of what the agricultural land in Argentina that as cheap land in south America and -. feasible). ” Interestingly, compared to Iowa, especially more than once to this comment developer Argentina. CAPS All-Star MJKpayday, for example, mentioned last year:
Cresud value comes from two areas: land (leasing and development) and production of food and they are both superb. Just to put things in perspective: They have around 1M acres, mostly farmland and there is a market capitalization of about 432m and it was around $ 432 per hectare. Iowa farmland goes for about $ 4,000 an acre. And to top it all, they are a food business …
Investing in companies like PotashCorp (NYSE: pot) and Mosaic (NYSE: months) is richly rewarded with a wave of agriculture in recent years. And given the amount of land run, the price difference between farmland and Iowa to Argentina
