Argentine farmers agree release grains following accord with government

Friday, October 24th 2014 - 04:20 UTC

Full article 5 comments

Argentine grain exports will total US$5.7 billion in the fourth quarter of the calendar year, the CIARA and CEC chambers promised on Wednesday, after seemingly successful negotiations with the government of President Cristina Fernandez that is eager to inject much-needed export dollars into the economy. Read full article

Comments

Disclaimer & comment rules

chronic
Organizing farmers to do anything in unison is like herding kittens. Last gasps from a failed regime.
Oct 24th, 2014 - 07:57 am - Link - Report abuse 0
-+
yankeeboy
Why does the Gov't bother to put out these lies?

I was with an IDB friend the other day and I told him Arg was saying that approx U$2B has been approved to be disbursed in 2015 and he rolled his eyes.

I don't know why the idiotic population puts up with such malarkey time and again.
Oct 24th, 2014 - 11:00 am - Link - Report abuse 0
-+
hurricane
What did the farmers get in return? It wasn't the threat to enforce confiscation nor was it a sudden emergence of patriotic duty that turned them around. It's because they don't have the money to buy seeds and agro chemicals for the next season which are purchased in good ol greenbacks. Goofy and the gang gave them some access to gringo currency.
Oct 24th, 2014 - 11:05 am - Link - Report abuse 0
-+
ChrisR
Problem for the farmers in TDC is: they are buggered if they sell and if they don't.

Either way the corrupt clowns “in charge” will ensure THEY get the money and not the farmers.
Oct 24th, 2014 - 11:28 am - Link - Report abuse 0
-+
yankeeboy
3. I think they're getting a bond that somehow protects them in the event of a devaluation.
My guess is nobody is stupid enough to take an Rg bond.

Here's my only hard currency asset please give me a worthless paper promise that you'll most likely not honor.
Nobody is that dumb.
This is all pie in the sky projections that just happen to cover the BCRA import debt.
Anyone remember Cedin, didn't they think they'd get 15-18B for that scrip too?

The large grocery stores are planning for mass looting/riots in Dec.
fun fun fun

I am giddy with anticipation for the 1s quarter of 2015.
Oct 24th, 2014 - 11:37 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!