The Argentine in the Twentieth CenturyMartínez, Alberto B.
History
The Argentine in the Twentieth Century
Martínez, Alberto B.
Argentina -- Commerce; Argentina -- Economic conditions; Finance -- Argentina
According to the last statistics published, the culture of lucerne is
distributed as follows: Province of Buenos Ayres, 1,235,000 acres;
Province of Córdoba, 1,235,000; Province of Santa Fé, 740,000; Pampa
Central, 300,000; Province of San Juan, 200,000; other Provinces,
250,000; giving a total of some 4,000,000 acres. At the moment of writing
these lines this area should certainly have increased to a total of 7-1/2
millions of acres.
In spite of the great progress already achieved——it was not less than
25 per cent., for instance, in the Province of Córdoba in 1903-04——the
culture of this species of forage is still in its infancy in the
Argentine; it is bound to increase notably, on account of the superb
results to be obtained, both from its use as fodder and on account of the
manner in which it will transform a certain kind of uncultivated soil
which grows nothing but tough grasses of slow growth and low nutritive
value.
One of the first economic effects produced by the growth of lucerne on
a particular estate or in a given neighbourhood is that it increases
the value of the land on which it has been sown. On this point several
cases have been cited which would seem incredible, were they not easily
verified. Fields which three or four years ago were sold for 2 paper
piastres per acre are to-day worth 30, and lands which were sold for 25
to 30 piastres are now sold for 80 and 100 piastres.[44]
[Footnote 44: Probably the reader need not be told that the roots of
the lucerne plant accumulate enormous quantities of nitrogen-yielding
bacilli, thus producing organic compounds in the soil, ready for use by
the next crop sown. The old practice of sowing clover and ploughing the
roots into an exhausted field revives the land in this manner.——[TRANS.]]
Lucerne farms also increase the value of the land in their neighbourhood.
It is enough to use the phrase, “good land for lucerne,” and the land
referred to will immediately realise a high commercial value.
Of the profits to be derived from lucerne when exploited in a rational
and up-to-date manner, we may judge from a single instance reported in
the Buenos Ayres _Standard_: a league[45] of meadows sown with lucerne in
La Penca, in the south of the Province of Córdoba, has yielded in a year
a profit of £30,000; and in another year it actually produced a profit
of £42,800. This journal also adds that a league of similar land in New
Zealand would be worth no less than £360,000.[46]
[Footnote 45: This league is that of 2500 hectares, or 6175 acres; making
the linear league 3·14 miles.——[TRANS.]]
[Footnote 46: _Cf._ _Anales de la Sociedad rural Argentina_; Art., _El
Pais de la Alfalten_.]
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