Time will tell and a lot will depend on how quickly a new regime...

Time will tell and a lot will depend on how quickly a new regime can gain monetary control. Phosphate is traded in US dollars but Brazilian farmers will pay a lot more due to the weakness of the Real. On the flip side their vegie exports will be cheaper than competitors and this may offset the weakness. A lot depends on inflation levels in Brazil. If it goes crazy then investment will decline. I would think that investors in AGR, going forward, will be looking for gov support and guarantees.