extensive tracts of their fertile agricultural land.
Despite slight differences between them, the proposed measures are generally fairly mild. None of these three member countries of the Southern Common Market (Mercosur) - the other member is Paraguay - proposes to ban land sales to private or public foreign capital, nor to regulate land use, nor to repossess land that has already been sold.
But they are attempting to set limits on further expansion of rural properties in the hands of companies or citizens belonging to foreign countries that regard them as an asset to supply food for their own markets, or as a speculative investment. More >>>
Location:Lawrence Bl,,Cayman Islands