Agricultural Exports, Farm Loans Surge in Argentina

Patrick Archer agribusiness, foreign investment, uruguay

As farmers in Argentina ride a wave of recovery, exports are booming and banks are poised to increase lending dramatically, according to Bloomberg. We’ve covered the bullish forecasts regarding this year’s corn and soy crops, and now it appears the banks have taken notice. “Banco Galicia, Argentina’s second-biggest farm lender, expects agricultural loans to increase about 40 percent this year …