NEWS
Alastair Stewart South America Correspondent
Mon Sep 29, 2014 04:01 PM CDT

Argentine Farmers Worry About Crops, Crisis

Argentine farmers view the upcoming soybean and corn season with some trepidation.

Having only sold somewhere around 10% of the 2014-15 soybean crop, they will be forced to market the overwhelming majority of the crop at the near-record low prices forecast for the next year, while local costs continue to rise because of runaway inflation.

"Nobody is making any money when rental costs are taken into account," said Ricardo Negri, chief agronomist at the CREA farm group.

The tight margins mean some marginal land has yet to be rented, although corn planting has already ...

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