I agree with some of your points however i was thinking that the recession may also work in favour of the stock?
With the fall in the BRL wouldn't the expenditure dollars allocated for the project stretch further? Construction is due to begin in 2017. Also i don't think Brasil was going to be the only market they sold too. Maybe they can make a profit elsewhere until the BRL recovers and farmers start buying again?
Cheers
AGR Price at posting:
11.0¢ Sentiment: None Disclosure: Held
