With the agricultural supply tightness across almost all soft commodities – witness the sugar and rice escalations – Brazil’s banks are funding ag, as opposed to another narrow margin, oversupplied electronics or widget manufacturer in China. Besides, the BRL has so much volatility relative to the USD, there are profits to be made coming and going.
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The Brazilians see the bright future, but are held back by excessive taxes, government bureaucracy, corruption, and lack of science education. Clearing away these burdens will unleash a land that can feed the world – or 10 worlds with no worries about population or anything of the kind. |
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