Saturday, May 30, 2009

Ag REITs in Bulgaria

Has anyone else noticed that there are a ton of agricultural investing funds in Bulgaria? What is it about Bulgaria that makes it have ten publicly-traded ag funds, while around the world, there are almost none? Ok, so Cresud sort of counts, but otherwise, what else is there?

I personally would sooner set money on fire than send it to Bulgaria for ownership of farm land there, but the idea is intriguing. If they can do it there, surely someone could do it in the USA?

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