This, together with good railway accommodation in all directions
combined with excellent land in the district, facilitates the
cultivation of cereals on a very large scale. Property in Rosario itself
is very valuable, and from L30 to L50 a yard is a common figure. In the
immediate district of Rosario land is rarely sold in large areas, but
may be calculated at L20 an acre, whilst 40 leagues further north it is
to-day worth L50,000 a league. I know of one estancia of one league
which was bought in 1885 for L2,000, resold, after being sown down in
alfalfa and divided into paddocks, without further improvements, at
L12,000 (this was in 1903), and again sold in 1909, certainly with
further improvements as regards watering arrangements and more paddocks,
house, and sheds, etc., in fact, a fair model estancia in good working
order, for L60,000. Land on the south-west of Rosario, and about 40
leagues distant, has in the twenty-five years risen from L2,000 a league
to L40,000 a league. This is for virgin camp, and to-day in these
districts the average price can be stated at from L30,000 to L40,000 per
league, yet 300 miles further north land--good land--can be had at from
L4,000 to L6,000 per league.
The next province, Cordoba, is one of the most hilly in the country, and
has been one of the most developed during latter years.
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