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Posts Tagged ‘ crude ol prices ’

Topsoil Crisis Makes Cresud (CRESY) a Great Resource Play

Sep 23rd, 2008 | By Chris Mayer | Category: Featured, Financial News

Crude oil’s masive one-day climb yesterday resurrected fears over the impact of soaring fuel costs on farming and food prices.

Other factors are at play in the volatile agricultural industry. According to Chris Mayer, “Fertile soil - good dirt - may become more important to land values than oil or minerals in the ground.”

Chris says fertile farmland has been in decline since the 1980s due to urban sprawl and soil erosion. This makes it a lucrative asset. And it makes companies like Cresud (NASDAQ:CRESY), which owns large swathes of farmland in Argentina, a great stock play.

Tags: Chris Mayer, Corn Prices, crude ol prices, food crisis, Investing in Biofuels, investing in Latin America, peak food
Posted in Featured, Financial News | Comments2008-09-23+14%3A37%3A07Chris+Mayer

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