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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (64850)6/11/2005 4:33:27 AM
From: elmatador  Read Replies (1) of 74559
 
"most U.S. farmers prefer to pool their money in investment groups to tap the burgeoning Brazilian market. Brazil Iowa Farms, for example, lined up 250 investors from 23 states and Canada for its $13 million farm in Bahia.

The University of Georgia and the Georgia Farm Bureau took 15 farmers, including Wood and Folsom, to Brazil and Argentina in January. None of them, so far, has committed to farming in Brazil. But Wood's 27-year-old son, Brad, is considering it.

"It's heartbreaking to him, as a young man who loves farming and loves our area of South Georgia, <<ELMAT: I think he's got an eye on the Brazilian girls :-) to know that we'll have to stop cotton farming here if things don't change," Don Wood says. "But I see agriculture as being taken away from us by Brazil." >>

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