23 billion U.S. dollars. Sugar lands FRAZ Francisco Sugar Co

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EXAMPLES OF MONEY
• Agricultural assets. Land values in the range of 34
billion U.S. dollars.
• 100,000 caballerías of sugar lands (3.3 million
acres) harvested in 1958, at today’s income
potential of Florida ($7,000 per acre), equals
23 billion U.S. dollars. Sugar lands in 1958
were 61 percent of the land under production.
• The balance (2.1 million acres), at 40 percent
of the value of sugar land, would yield another
1 billion U.S. dollars.
• Real estate on which I cannot place a value at this
time. But Miami-Dade alone has about 140 billion
U.S. dollars in real estate taxable values. And
collects 5 billion U.S. dollars in taxes each year.
• Foreign investors that see Cuba as a potential exporter
of 3 billion gallons of ethanol per annum,
with a market value of 7 billion U.S. dollars. Perhaps
the country with the largest export potential
in biofuels in the world.
• Potential in biotechnology and medical services
worth hundreds of millions.