Brazil is to top the world soybean production league for the first time, thanks to the incentive to farmers provided from resilient prices and a weak Real, overtaking the US, whose hopes have been dented by drought. Read full article
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I thought The Dark Country were supposed to be number 1.Sep 16th, 2013 - 12:59 pm - Link - Report abuse 0
Well they are in TMBOA's dreams.
Ha, ha, ha.
At the current rate of decrease. Soy may reach a break even point in Argentina by the 2014 harvest.Sep 17th, 2013 - 11:19 am - Link - Report abuse 0
Wouldn't that be a shame?
If I was an Rg farmer I would seriously consider not planting this year.
Lot's of risk for very little if any return.
Also there is a bad drought in Sante Fe, my guess is even though they are technically planting more land this year the crop will be smaller yoy.
You mean USA will stop planting? Or is it just another one do as I say and not as I do?Sep 17th, 2013 - 11:25 am - Link - Report abuse 0
I believe Soy farming is still profitable in the USA since we don't have currency controls and have access to everything they need to be successful.Sep 17th, 2013 - 11:57 am - Link - Report abuse 0
Not so in Argentina
There is also a rumor CFK will pay the farmers U$400/ton and keep everything above that amount as a windfall tax.
There's a lot of risk with very little return so if It was my $ I'd seriously be thinking of not making the investment until the Ks are gone.
Well yanqui, it's not your $, don't think about it...Sep 17th, 2013 - 12:01 pm - Link - Report abuse 0
I'm not worried about it. I would love to see the farming industry collapse like almost every other business in the country.Sep 17th, 2013 - 01:35 pm - Link - Report abuse 0
It would be good for the USA to take that supply off the market
I hear The Soy crushers have shut down for at least 60 dyas since there is not product.
I guess the record soy crop wasn't so much of a good record.
Yankee that is probably what that IDB loan is earmarked for, payoffs to the farmers. You may very well see that as Sorghum will be outgrowing soy for bio fuel in the near future. It's in the US (EPA)laws because it burns even cleaner than soy.Sep 17th, 2013 - 01:40 pm - Link - Report abuse 0
Come on yanqui, we all know you are worried sick, why else do you keep spreading venom about a particular country like that.Sep 17th, 2013 - 01:43 pm - Link - Report abuse 0
My advise would be NOT to employ another Argentine as gardener...
I wouldn't employ an Rg, they take too many smoke breaks to get anything done and you have to watch them so they don't steal anything.Sep 17th, 2013 - 01:53 pm - Link - Report abuse 0
Cap, I doubt Arg will see any disbursements from IDB or WB until CFK is gone. The USA wants to pressure them into either paying-up or collapsing so they can deal with someone sane.
I really would love to see those conditions, I could not find them. I believe that 300m was already loaned from the 1.2B LOC.Sep 17th, 2013 - 03:04 pm - Link - Report abuse 0
10. I don't think any more disbursements will be approved. They may be getting some U$ from old projects and p/y approved disbursements but I doubt you'll see any new ones forthcoming.Sep 17th, 2013 - 06:05 pm - Link - Report abuse 0
If you look at iadb.org and go through some of the 2012/13 projects there are lots approved but little or no disbursements.
For the 1st time in the history of their membership Argentina is paying more into IADB than it is receiving.
If they lose !MF membership , WB and IDB will soon follow.
11 yankeeboySep 17th, 2013 - 09:05 pm - Link - Report abuse 0
The greasy long haired Econ Minister was just here complaining to WB mid-level bureaucrats that Arg can't afford to pay in more than it takes out.Sep 17th, 2013 - 09:35 pm - Link - Report abuse 0
Like they care
I also hear they are desperately trying to make deals with the ICSID judgement holders to pay them off. I wonder how many will be stupid enough to take bonds?
Probabley a few
I don't think this last minute of playing a reasonable debtor is going to have any bearing on SCOTUS. After a decade of intransigence they know exactly what kind of scumbag thugs they are dealing with.
13 yankeeboySep 18th, 2013 - 06:51 pm - Link - Report abuse 0
You are being very polite about this. LOLs
I don't want to get too carried away...Sep 18th, 2013 - 07:18 pm - Link - Report abuse 0