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| The lost acres come from higher risk/lower revenue crops such as specialty and niche markets. These are moving to countries with lower production costs. This is exactly the model we are engaging in Argentina. The higher land prices go, the more likely farmers are to focus on corn and soybeans to maximize revenue and upside if there is a weather problem or price spike. Look at organic production in the Black Sea, Turkey, Africa, Argentina, Peru, etc.
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new USDA INFO
