NEWS
Argentina Crop Outlook - 3
Alastair Stewart South America Correspondent
Fri Feb 21, 2014 06:39 AM CST

BUENOS AIRES, Argentina (DTN) -- Argentina's deepening economic crisis promises to make 2014 another difficult year for its farmers.

The farming environment is already hostile due to heavy export taxes, exchange controls and raging inflation, but the expected intensification of the crisis brings a new threat this year: the drying up of operating credit.

Farmers want to hoard as many soybeans as possible in 2014 as a hedge against a collapse of the currency and local inflation. But that won't be possible if banks and input firms turn off the financing tap and farmers may actually have to sell quicker ...

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