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A Hedge Fund's Canadian Land Play
Oleh:
Cendrowski, Scott
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 3 (Mar. 2012)
,
page 29-33.
Topik:
Investment
;
Natural Drainage System
;
Farmers
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Superstar investor Seth Klarman's controversial plan to develop a quarry in Ontario could pay off bigtime. Drive an hour northwest from Toronto along Highway 10 and you come across some of the best farmland in Canada. Folks here call it the Garden of Eden. Atop a 15,000-acre plateau sits a layer of dark dirt so perfectly balanced with clay and nutrients that it breaks apart in your hand like potting soil. "The stuff is like butter," says a local potato farmer, David Vander Zaag, who sells his spuds to Frito-Lay. Even better: Below the rich topsoil lies a limestone deposit some 200 feet thick, creating an ideal natural drainage system. It once rained nine inches in a day, says Vander Zaag, and he didn't lose a single potato from his crop.
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