Day 1) Facts

To begin, you should know something about Argentina.  See map to the left if you're wondering when in the world Argentina is located. 

A lot of useful information was given while at the US Embassy and by listening to representatives from Cargill Argentina's headquarters.  Information is listed below:

- Argentina has experience a 40% inflation over the past year; the US dollar is about 10 pesos

- there are US Embassy's in 150 countries

- Embassy's work with the government to increase ties and help traveling citizens

- the Argentine government limits the amount of exports and a certificate is needed

- 50% of the farm land is rented, making it hard to be sustainable

- the soil in the western part has more clay while the eastern part has more sand.  Soil in Northern Argentina is red. 

 

 Most important things expanded on:

- Argentina produces about 14-15 million tons of corn, but the government only allows 8 million to be exported.  This negatively effects the corn market and farmers are resorting to storing corn using bins and large bags on their farms instead of selling it. 

- 50% of the land is rented, but prices are not steady so the renters main focus is to make the most money for one year.  The soybean has a very strong market, so crop rotation is limited which depletes the soil. 

- We were told that "the farmer helps the government, but the government does't help the farmer."  With a 32% export tax on any soybeans that are exported, the government limits their large profits by only allowing a certain amount of soybeans to be exported, which also hurts farmers. 

- Agriculture is growing, with crops increasing 7% per year while the population of Argentina is increasing 1%.  

Since this trip consisted of agriculture in Argentina, have no fear that more facts and information is coming in the upcoming blogs!