01 November 2010

URUGUAY: Foreigners Rush To Buy Farm Land.

     Growing global demand for farmland has generated a new rush of foreign investors in Uruguay, many of them Argentines.
      "The equation is perfect for foreign investors: high prices for commodities, strong demand for grains, oil-seeds, beef and other farm produce and a depreciation of the US dollar”, says expert Sebastian Da Silva.
   An estimated 11% of Uruguay’s 16 million hectares of farmland  are owned by foreigners.