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Some US farms outsourced to Mexico From: miamiherald.com
Tagged: agriculture, Brazil, latin america, MexicoPosted on: May 27th, 2008
American companies now farm more than 45,000 acres of land in three Mexican states, employing about 11,000 people, a 2007 survey by the U.S. farm group Western Growers shows.
There were no earlier studies to document how much the acreage has grown. But U.S. direct investment in Mexican agriculture, which includes both American companies moving their operations to Mexico and setting up Mexican partnerships, has swelled sevenfold to $60 million since 2000, Mexicos Economy Department told The Associated Press.
Major corporations such as Archer Daniels Midland Co. and Bunge have invested across Latin America for decades, particularly in countries like Brazil, where agribusiness is booming.”*
Curation from Tomás
Filed Under: Business, Business News, Eye Openers
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