Argentine leader to limit land buys by foreigners

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articlenopicBy Bloomberg.com

President Cristina Fernandez wants Argentina's Congress to quickly approve a law limiting foreign land ownership to about 2,500 acres (1,000 hectares).

She says Argentine farm and ranch land is a nonrenewable resource, and "a serious country defends and cares for its national patrimony."

But she says the law won't affect properties already in foreign hands, to avoid...Read Full Article

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