Brazil $42 Billion Rail Bet to Cut Iron Ore-Farm Costs: Freight
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Diorginis Seron, a farmer in Brazil’s western grain belt who will lose money harvesting corn this season, is counting on a government rail project to return him to profit.
“If they bring in a new railway and break the monopoly on the existing routes, as they say, that could make a big difference on our bottom line,” said Seron by telephone from his 2,500 hectares (6,178 acres) farm in Mato Grosso state.