Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
http://online.wsj.com/article/SB1000142405297020446440457711...

Argentina is on the verge of drastically limiting foreign ownership of farmland. The details in this article seem to indicate it won't be retroactive and companies that already have land will be able to keep it.

It also isn't clear how CRESY will be viewed, although it sounds like the company is being considered an Argentine owner at this time. With at least 40% of the company owned by either the Elzstains or the Argentine Social Security Admin, I would wager it will be considered Argentine going forward, which could reduce competition from well-funded companies like Adecoagro.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement