Rule 1. Only invest in investor-friendly countries: Agricultural investments require a medium to long-term view. A typical investment in mainstream agriculture will require 70-80% of your investment to go into the land. There is no need to add to these risks by going into countries where you put your capital at risk. This rules out most of Africa, Eastern Europe and parts of Asia. Rule 2. Countries with low, preferably no, subsidies for agriculture. Subsidies can be alluring because they can be seen as underwriting…