MercoPress. South Atlantic News Agency
Argentine farmers investing heavily for the next planting season following on a record crop year
Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry leaders. Read full article
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Disclaimer & comment rules“The specter of [CFK's] political return has spooked investors. But that has had little impact on farmers, who are banking on policy stability at least through next year's harvest. ”
Aug 10th, 2017 - 02:59 pm - Link - Report abuse 0In Argentina, “policy stability” is considered exotic, and a one-year planning horizon is about as good as it gets.
The above article spreads the theory the Macri government has been feeding Argentines in months and weeks prior to the Sunday election.
Aug 11th, 2017 - 04:49 pm - Link - Report abuse -1“Improvements to the economy are just around the corner, and if you vote for Cristina it all will be spoiled.”
Yeah right.
And then Martillazo comes out swinging on Argentine policy stability, which of course is a “country” problem. The job the Macri administration, which has been in charge of business for the last 19 months, has nothing to do with it.
Oh well, Marti may say, “19 months is too short a period in order to judge a government.”
Of course, nobody was expecting Argentina to function as Switzerland in 19 months. However, Macri's promise was “to leave in place all that is working well and to improve what isn't.” Instead, loss of jobs and purchase power are sending the country's economy tumbling down, while the foreign debt soars out of control.
Difficult to see any light at the end of this tunnel.
Reekie must be periodically reminded that it was the CFK government that torpedoed purchasing power in this country long before the Macri government.
Aug 12th, 2017 - 02:32 am - Link - Report abuse 0Argentina allowed the peso to devalue by 17% on January 23, 2014, from $6.8 to over $8.0. Which of course meant that prices went up. Particularly for imported goods, because what passes for argie-manufactured goods in this country is not the sort of thing you'd buy if you had a choice. So a lot of items went up in price by a great deal more than the percentage of the currency devaluation. As in price increases of 40 to 50 percent.
Sample products - costs before and after the devaluation:
Bottle Sterilizer – 899 pesos
Bottle Warmer – 599 pesos
Same items after January 2014 devaluation
Same Bottle Sterilizer – 1401 pesos
Same Bottle Warmer – 721 pesos
It's rather interesting that peso prices for similar products, imported and domestic, have not been affected this year anywhere near as badly as they were during CFK's 2014 devaluation.
The deficit spending we are still seeing in this country is a continuation of the far-worse free-spending of the KK years.
Despite what reekie would have you believe, things were not rosy under the Kirchner regime.
Reekie,
Aug 15th, 2017 - 12:46 am - Link - Report abuse 0“Difficult to see any light at the end of this tunnel.”
It seems that you are now in a small minority who believes this. Oh dear.
ZB: We could characterise reekie's super powers as just the part that reads “ Difficult to see any light .”
Aug 15th, 2017 - 04:10 am - Link - Report abuse 0Commenting for this story is now closed.
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