Yesterday on the drive back to Santiago from one of our blueberry farms, I stopped to visit some friends who lived in the area.
About a year ago they bought some land in Chile’s incredibly fertile 7th region, which boasts a rare Mediterranean climate.
It never gets too hot, and it never gets too cold. Plus, the rich, volcanic soil is packed with powerful nutrients.
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As long as you’re in the right spot to ensure ample water security, the place is an agricultural paradise (our agriculture company owns two large farms in the region).
There are literally four other places on the planet with this combination– southern California, South Australia, the Western Cape of South Africa, and parts of the Mediterranean itself.
Yet by comparison to those other places, land in Chile is remarkably cheap.
Our agriculture company purchased several thousand acres in this prime region back in 2015 for about $1,700 per acre.
Similar property in California, especially given how much water we have, would easily sell for 10x to 20x that price.
My friends bought several acres of land for the