Weak crop prices are music to the ears of BRF SA (NYSE:BRFS) shareholders, but quite another matter for companies like SLC Agricola (OTCPK:SLCJY) and Brasilagro (NYSE:LND).
Although the majority of SLC Agricola's value stems from buying
undeveloped land and turning it into much more valuable developed land,
weak prices are nevertheless bad for near-term sentiment and results.
Without the leverage to sugar and ethanol of Adecoagro (NYSE:AGRO) and the leverage to Argentina of Cresud (NASDAQ:CRESY)
(and to some extent Adecoagro), SLC Agricola has been left behind this
year but still offers some appealing value for the future.
Read the full article here:
Weak Crop Prices Weigh On SLC Agricola
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