NEWS
Tue May 7, 2013 07:19 AM CDT

BUENOS AIRES (Dow Jones) -- Argentina's government will offer farmers a financial incentive to produce wheat in a bid to stoke planting of the staple crop and reverse years of declining production.

Overseas wheat sales are currently taxed at 23% and exports are tightly controlled to ensure domestic supply and low prices at home. But the taxes and export limits have fueled a wholesale stampede away from the crop by farmers due to the low prices they get for the grain.

"We want to make producing wheat more profitable and we want to make the soil healthier," Argentina President Cristina ...

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