Aug 01, 2014 Last Updated: 11:25 AM EDT

Argentine Farmers Wary of Planting Crops

Aug 17, 2012 07:57 AM EDT | By Sharon Robinson

  • print
wheat
Ukraine bans wheat exports. Argentina's poor weather and export curbs will affect its wheat output. (Photo : flickr.com/Mr.Bologna)

Farmers in Argentina, fearing a repeat of last year's bad weather, are wary of planting new crops. While an exceedingly hot weather spoilt crops last year, this year it is too much rain.

The farmers have already been battling bad policies from the government led by President Cristina Fernandez. As bad weather persists, planting season, which begins in September and continues into October, could have a very bad start.

This will only further frustrate farmers looking to take advantage of high prices that grains are going for in the international market. But, were the rain to let up now, farmers can still have a good planting season, according to Reuters.

Like Us on Facebook

Since the U.S. mid-west has been wilting under the most severe drought in 56 years, hopes have been placed on South American countries like Argentina to meet global demands for corn, wheat and soy. It is very likely that the global demand may go unfulfilled.

The planting season for wheat has already begun. But, the dry weather which persisted in the first couple of weeks of August has seen a decrease in the amount of land being planted with wheat. According to a report in the Financial Times, farmers have planted only 3.6 million hectares of land, a million hectares less than last year.

It is unlikely that the area planted will be increased; the rain will prevent farmers from doing so.

Moreover, Argentina's high inflation may keep farmers from planting corn, a costly crop to plant, the Financial Times further adds. But, soy outputs may increase.

Meanwhile, the price of corn, wheat and soy has been on the uptick. Corn is currently going for $8 per bushel, after a 2 percent rise, on the Chicago Board of Trade (CBOT). Wheat is priced at $8.42 per bushel, and soy at $15 a bushel, at the CBOT.

 

 

© 2014 Food World News. All rights reserved. Do not reproduce without permission.
Featured Video : California Battles Citrus Threat – Residents Called on to Help
Get the Most Popular Food Stories in a Weekly Newsletter
TrendingOn The Web
Food Biz
vaccine

HPV vaccination rates are still low: Health officials say

More teen girls are getting the human papillomavirus (HPV) vaccine, which protects against cervical, anal and other cancers, but the numbers are still "unacceptably low", according to U.S. health officials.

Time to lose weight

Stress can lead to increased weight gain: Study

Feeling stressed could lead to increased weight again, according to a new study.

medicine

'Spoonful's of medicine can lead to dosage errors

A new study says that suggesting a "spoonful" of medicine can lead to potentially dangerous doses and it can be a big medical error. Instead, parents are encouraged to use droppers and syringes which measure in milliliters or ounces when giving liquid medicines , according to the American Association of Poison Control Centers.

Food Tech
ground beef

Nearly 2 million pounds of potentially E.Coli infected beef shipped nationwide, 11 people sick

Eleven people have been hospitalized following an E. coli outbreak which has been linked to burgers consumed in restaurants in four states, according to reports.

Viagra

Ice Cream Flavor Treat Made With Viagra and Tastes of Champagne

Forget about talking the bill pill, a British ice cream maker has created a flavor that includes 25 mg of Viagra per scoop.

Starbucks

Tip Your Starbucks Barista From Your iPhone

Starbucks announced that it will improve its mobile application that will allow customers visiting its stores to tip their baristas from their iPhone.

Real Time Analytics