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Why I’m backing Argentina: top EMD manager reveals all

by Chris Sloley @CitywireGlobal #adp02 Pioneer’s leading bond manager Yerlan Syzdykov is backing Argentina to rise as an emerging market bond powerhouse despite it being viewed as a country ‘people love to hate’. #adp02 Syzdykov, who manages the Pioneer Funds Emerging Markets Bond portfolio, revealed why the South American country is his…

Paraguay enhances measures against FMD

Paraguay veterinary services concluded Monday midday the termination of 168 livestock mostly belonging to a farm where an outbreak of foot and mouth disease was confirmed 2 January in the county of San Pedro to the centre north of the country. According to the Animal health and food quality Service, Senacsa, 154 cattle from the “Nazareth” farm were sacrificed…

Argentina expands railroad network as economy grows

Argentina is expanding its railroad network to cope with increasing demands for its growing export sector plus expectations of a boost in transit trade from landlocked Paraguay and regional commerce. Swedish contractor Skanska is the latest international player in the expansion plans. Skanska said it will build a railway extension from the province…

Brazil’s answer to destructive farming in Amazon

Never seen without his cowboy hat, Mauro Lucio listens to country music as he drives his pickup truck around Paragominas municipality in Brazil’s Amazonian cattle-raising state of Pará while recounting tales of a misspent youth on the rodeo circuit. But his droll nature belies his central role in a movement that could transform ranching in Brazil,…

Argentina limits farmland foreign ownership

Argentina has joined a handful of other big farming nations such as Brazil that have taken steps to limit foreign ownership of what their governments consider precious resources: farmland. By SHANE ROMIG Argentina is blessed with vast tracks of arable land that have allowed the South American nation to become the top global exporter of soymeal and soyoil,…

Saudi dairy giant Almarai buys Argentina farm operator to increase supplies

Almarai Co., Saudi Arabia’s largest food producer by market value, acquired Fondomonte SA, a company that owns and operates three farms in Argentina, for 312 million riyals ($83 million). #adp02 By Mourad Haroutunian The Riyadh-based company financed the transaction from its cashflow and Islamic banking facilities, Almarai…

Danish Newspaper Article on Estancia Punta del Agua, San Juan Argentina

Danish Newspaper Article on Estancia Punta del Agua, San Juan Argentina Land Brug Savisen www.landbrugsavisen.dk Farm of 1,000,000 acres for sale more or less ( 375,640 ha ) By Morten L. Handrup Thursday 21st July 2011 15:28 ( Translated from Danish ) Three major rivers run through the area and with watering can in the fertile river valleys including…

Brazil to further limit foreign ownership of land

According to a Brazilian newspaper Brazil’s government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been “insufficient”. The new rule, which could come as a decree, aims to close loopholes that buyers have been using, such as purchasing land through Brazilian…

Uruguay´s natural, quality & certified meat for export

Uruguay is one of the largest meat producers in the world. Their cattle are raised in the open, under natural conditions with a mild climate, fertile land and abundance of water generated in its many rivers and streams, ensuring the welfare of animals. #adp02 Uruguay took its commitment to preserve a sustainable production system, where the animals…

Chile’s luxury home market booming and immune to the global crisis

The market for luxury home in Chile seems to be immune to the global crisis since there are families willing to disburse up to six million dollars to purchase the house or condo of their dream according to a report in Santiago’s El Mercurio. These houses mostly located in the posh areas of Santiago such as Vitacura, Lo Barnechea,…

Uruguay passes Tax Bill on rural land ownership

A Rural Concentration Tax (ICIRA) bill was passed yesterday by the chamber of deputies and it intends to enforce the taxing of rural land owners of over 2,000 hectares of terrain. #adp02 The ICIRA constitutes an annual tax per hectare; ranging from US$ 8-16 for land exceeding two hectares. The creation of this new tax aims to avoid the concentration…

Barrick inaugurates Punta Colorada Wind Farm in Chile

  At an inauguration ceremony held today in northern Chile, Barrick Gold Corporation marked the official opening of the Punta Colorada Wind Farm, the largest wind farm ever built by a mining company in the country. Source: Barrick Gold Corporation The event was attended by the President of the Republic of Chile, Sebastián Piñera, the…

The vines of Argentina

The vines of Argentina The Mendoza province of Argentina—set against the panoramic backdrop of the Andes and occupying a total area of around 57,000 square miles in the country’s far west—is best known as Argentina’s charming and illustrious wine country. In fact, Argentina is the fifth largest producer of wine in the world. By Sonia Havele | The Chronicle The viticulture…

Uruguay is the best place to live in Latin America according to the Legatum Institute

According to the latest Prosperty index, Uruguay ranks 29, followed by Chile, 31, Argentina 39 and Brazil, 52. In the whole of the Americas, Uruguay is the only country that figures in the highest ranking with Canada (6) and the US (10). The rest of South America is ranked medium while Ecuador and Bolivia figure…

Indian man becomes ‘farming king’ in Argentina

Indian man becomes ‘farming king’ in Argentina An Indian-origin man in Argentina, who started a peanut farm a few years back, has now grown by leaps and bounds and become an “uncrowned king” of rice, soya and corn plantations in South America. Simmarpal Singh’s company Olam, based in Singapore and run by people of Indian…