Nicaragua belongs on this list
There is an interesting article, basically about agriculture, in Sovereign Man. While it ultimately leads to the promotion of farm land in Chile (where the site owner is doing development) he makes some very valid points.
He starts off explaining that the new world population is growing by 200,000 people per day, talks about lower productivity and how current economic games actually make this problem worse.
His solution is investing in foreign crop land and gives a list of criteria. Here is that list.
- cheap land costs
- low operating costs
- highly productive soil
- low political risk (confiscation, regulation, market interference)
- foreigner-friendly ownership rules
- clear water rights
- climatic stability
While he is promoting Chile and Georgia, it would seem Nicaragua belongs on that list.