2 ordspråk av Reid Weiland

Reid Weiland

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It's a shame that the Brazilian producer put himself in this bind. Everyone knows that agriculture is cyclical, but in Brazil, a land without tax deferred exchanges and government subsidies, the high of the cycle is higher and the low is much, much lower.

What did they do? They bought land in three- or four-year payments (of soybeans). Then, with the expansion of land, they needed to buy more machinery, so they did. There was also a popular government program with subsidized interest rates that was spread out over seven years.

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