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 …

More Rain, Greater Efficiency Yield Bumper Corn Crop in Argentina

Patrick Archer agribusiness, competitiveness

After a dismal 2008 marred by drought and dramatically reduced output, corn farmers in Buenos Aires finally have something to celebrate. Bloomberg reports today that “Argentina, the world’s second-largest corn exporter, may increase output by more than 42 percent this year from previous estimates as spring rains boost yields to a record.” While officials were forecasting 12 million tons of …