Frontier Ventures Where No One Else Will Go

"frontiers where most men dare not venture, and it is often the case that the farther the frontier, the greater the opportunity. The major¬ ity of men, even businessmen, are tied to cities, where the ingredients of development already exist — labor, energy supplies, building materials, transportation, and so on. Competition also exists there, and the way to escape it is either to do something no one else is doing or do it where no one else is doing it."

"Much of Ludwig’s success was due to his willingness to venture where more timid entrepreneurs dared not go. If he needed to bring along men and equipment to carry out a project in a remote area, he had the ships to get them there. He could, if there was enough money in it, move the mountain to Mohammed, and he would."

"ing: there are no hurricanes to spoil the crops, and it takes only 3 Vi years, against the usual seven, for the trees to bear fruit. Citricos de Chiriqui, S.A., a $25 million Ludwig project, was soon under way. In 1960, Ludwig bought 10,000 acres of land at Dolega, in the interior of Panama. The land was cleared, roads and bridges were built into the region, and the planting of 800,000 Valencia orange trees began. When full production is reached in 1967, the plantation probably will be the largest privately owned venture of its kind in the world."