The world’s wheat-harvest—Comparison between the statistics of consumption—The conditions of production in Russia and in the Argentine—Comparison with the United States, India and Canada—The prospects of the Argentine export trade in wheat.

III. Stock-raising [162]

The transformation of the old “estancia”—The principal stock-raising establishments; description, extent, number of heads of cattle and favourite breeds—The great “estancias” of the South and Patagonia.

Approximate area of the soil devoted to cattle and sheep; general estimate of the numbers of cattle and sheep—Results of the census of 1908.—The capital represented by Argentine stock-raising.

IV. The Value of the Soil [174]

Difficulties in estimating this value—Principal factors of valuation—Examples taken from lucerne fields and the forests of quebracho—Despite adverse circumstances, and with a few exceptions, there has always been a tendency for the price of land to rise—Alienation of lands acquired by conquest from the Indians; their enormous present value—The rise of value dates from 1902, and has hitherto continued without relapse—The causes of this rise, and its rational principles, according to an authoritative opinion.

Examples of valuation drawn from the sales of public lands—The rise of prices in the Provinces of Buenos Ayres, Córdoba, Santa Fé, and the Pampa, with figures indicating the prices realised in some large recent transactions.

V. Agricultural Industries [187]

Sugar-Cane—Area of plantations—Statistics of production—Legislation affecting sugar—Consumption.

Vines—Area of vineyards planted—Production, consumption—Imperfect quality—Competition of foreign imports.