There is a saying among farmers when times are hard on the Argentine Pampas: &qu...
SALADILLO, Argentina - There is a saying among farmers when times are hard on the Argentine Pampas: “Unsaddle the horse until the sun comes out”. That saying is starting to spread in farm towns like Saladillo, after the populist-leaning Peronists won back power on Sunday.
Farmers “saddled up” by planting at record levels when Macri, only days into his administration, ditched the heavy handed trade controls and export limits that previous President Cristina Fernandez de Kirchner had put on corn and wheat. “If that happens again, I will produce the minimum to get by, unsaddle, in other words, until the market comes back. We’ve done it before. We can do it again if we have to,” said Eduardo Bell, 63, who owns a 2,000-hectare farm and cattle ranch.
And he underestimated the inflationary effect of his fiscal policies, which included cuts to public utility subsidies, which heaped more costs on already hard-hit voters and small businesses, including farmers.Argentina is a major world supplier of soybeans, corn and wheat, as well as the No.1 exporter of soymeal livestock feed, fueling Asia’s shift in diet from rice toward animal protein.
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