Re: Jim Rodgers calls the next bubble - Food
never buy cheap unless you are buying cattle land. you pay for what you get, and the better the land the better the yields. Potato land (which is good for many crops but not all land is good for potatos, ran about $4k/ac in WA State (see: http://agr.wa.gov/fof/docs/Potatoes.pdf) in 2007. Similar land in Urugay has cost me the same or less depending on the state of development, though I will not grow potatos due to the high labor costs involved. Wherever you can grow good potatoes you can grow good corn. Or other grains like soy.
Originally posted by lakedaemonian
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