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    Home > Food News > Food Articles > Argentine soybean planting area in 2021/22 will be the lowest in 15 years

    Argentine soybean planting area in 2021/22 will be the lowest in 15 years

    • Last Update: 2021-11-11
    • Source: Internet
    • Author: User
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    Foreign media news on November 2nd: According to Dr.
    Michael Cordogne, a South American agricultural expert, spring planting in Argentina has begun, and soybean planting may be the lowest level in 15 years
    .
     
    Although the sown area of ​​soybeans in neighboring Brazil continues to increase, the sown area of ​​soybeans in Argentina has been declining in recent years
    .
     
    Dr.
    Cordogne said that the reduction in soybean plantings in Argentina can be attributed to several factors
    .
    First of all, soybean export tariffs are 33%, soybean meal and soybean oil export tariffs are 31%, and corn export tariffs are only 12%, making soybeans less profitable than corn
    .

     
    In recent years, soybean yield performance has also been worse than that of corn
    .
    In severe weather, soybean yields are usually not as good as corn
    .
    If the weather is good, soybean yield will be stagnant, and it will not keep up with the increase in corn yield
    .
    This is mainly because it is difficult for seed companies to receive patent fees for new soybean seeds from farmers, resulting in relatively slower development of soybean seed technology
    .
    Farmers can replant or sell soybean seeds, but they cannot take this approach to hybrid corn
    .
     
    In addition, there are uncertainties in Argentina's policy
    .
    Farmers cannot predict what measures the government will take, and some measures may affect exports, which in turn may affect planting profits
    .

     
    The president of the Argentine Soybean Association stated that the government and its tariff policies and market intervention have killed soybeans, the goose that lays golden eggs
    .
    In Argentina, soybeans are the golden goose that earns foreign exchange
    .
    During the administration of President Nasto Kishner from 2003 to 2007, Argentina began to impose a tax on soybean exports, which lasted until Christina Kishner's term of office from 20078 to 2015
    .
    Although President Macri, who was in power from 2015 to 2019, promised to lower export tariffs and stop interfering in the export market, Argentina suffered a financial crisis that prevented him from fulfilling his promises.
    After all, agricultural export tariffs are the government's main source of income
    .
    At present, the government led by President Alberto Fernández and Vice President Christina Kishner has raised export tariffs and resumed intervention in the export market in order to reduce domestic food inflation
    .
    Argentina's inflation reached 50% or more
    .
    Although keeping agricultural products in the country helps lower prices and is good for consumers, it means lower incomes for farmers
    .
    Therefore, Argentine farmers have become more cautious and choose to plant more corn because the profitability of corn planting is relatively more reliable
    .
     
    The Buenos Aires Grain Exchange stated that as of the end of last week, 27.
    6% of corn planting was completed in 2021/22, and 4.
    6% of soybean planting was completed
    .
    The exchange estimates 7.
    1 million hectares or 17.
    5 million acres for corn and 16.
    5 million hectares or 40.
    7 million acres for soybeans
    .

      Foreign media news on November 2nd: According to Dr.
    Michael Cordogne, a South American agricultural expert, spring planting in Argentina has begun, and soybean planting may be the lowest level in 15 years
    .
    Soybeans
     
      Although the sown area of ​​soybeans in neighboring Brazil continues to increase, the sown area of ​​soybeans in Argentina has been declining in recent years
    .
     
      Dr.
    Cordogne said that the reduction in soybean plantings in Argentina can be attributed to several factors
    .
    First of all, soybean export tariffs are 33%, soybean meal and soybean oil export tariffs are 31%, and corn export tariffs are only 12%, making soybeans less profitable than corn
    .

     
      In recent years, soybean yield performance has also been worse than that of corn
    .
    In severe weather, soybean yields are usually not as good as corn
    .
    If the weather is good, soybean yield will be stagnant, and it will not keep up with the increase in corn yield
    .
    This is mainly because it is difficult for seed companies to receive patent fees for new soybean seeds from farmers, resulting in relatively slower development of soybean seed technology
    .
    Farmers can replant or sell soybean seeds, but they cannot take this approach to hybrid corn
    .
     
      In addition, there are uncertainties in Argentina's policy
    .
    Farmers cannot predict what measures the government will take, and some measures may affect exports, which in turn may affect planting profits
    .

     
      The president of the Argentine Soybean Association stated that the government and its tariff policies and market intervention have killed soybeans, the goose that lays golden eggs
    .
    In Argentina, soybeans are the golden goose that earns foreign exchange
    .
    During the administration of President Nasto Kishner from 2003 to 2007, Argentina began to impose a tax on soybean exports, which lasted until Christina Kishner's term of office from 20078 to 2015
    .
    Although President Macri, who was in power from 2015 to 2019, promised to lower export tariffs and stop interfering in the export market, Argentina suffered a financial crisis that prevented him from fulfilling his promises.
    After all, agricultural export tariffs are the government's main source of income
    .
    At present, the government led by President Alberto Fernández and Vice President Christina Kishner has raised export tariffs and resumed intervention in the export market in order to reduce domestic food inflation
    .
    Argentina's inflation reached 50% or more
    .
    Although keeping agricultural products in the country helps lower prices and is good for consumers, it means lower incomes for farmers
    .
    Therefore, Argentine farmers have become more cautious and choose to plant more corn because the profitability of corn planting is relatively more reliable
    .
      In addition, there are uncertainties in Argentina's policy
    .
    Farmers cannot predict what measures the government will take, and some measures may affect exports, which in turn may affect planting profits
    .

     
      The president of the Argentine Soybean Association stated that the government and its tariff policies and market intervention have killed soybeans, the goose that lays golden eggs
    .
    In Argentina, soybeans are the golden goose that earns foreign exchange
    .
    During the administration of President Nasto Kishner from 2003 to 2007, Argentina began to impose a tax on soybean exports, which lasted until Christina Kishner's term of office from 20078 to 2015
    .
    Although President Macri, who was in power from 2015 to 2019, promised to lower export tariffs and stop interfering in the export market, Argentina suffered a financial crisis that prevented him from fulfilling his promises.
    After all, agricultural export tariffs are the government's main source of income
    .
    At present, the government led by President Alberto Fernández and Vice President Christina Kishner has raised export tariffs and resumed intervention in the export market in order to reduce domestic food inflation
    .
    Argentina's inflation reached 50% or more
    .
    Although keeping agricultural products in the country helps lower prices and is good for consumers, it means lower incomes for farmers
    .
    Therefore, Argentine farmers have become more cautious and choose to plant more corn because the profitability of corn planting is relatively more reliable
    .
     
      The Buenos Aires Grain Exchange stated that as of the end of last week, 27.
    6% of corn planting was completed in 2021/22, and 4.
    6% of soybean planting was completed
    .
    The exchange estimates 7.
    1 million hectares or 17.
    5 million acres for corn and 16.
    5 million hectares or 40.
    7 million acres for soybeans
    .

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