Largest poducer of soy in the world6/15/2023 Taking a similar approach to that of our effective US corn model, we’ve adjusted from a simple linear trend yield using objective satellite data on greenness, temperature, and rainfall. Inspired by this analytic challenge, and fresh from our success with US corn yield modeling, Gro Intelligence decided to model Argentine soy yields to provide subscribers with an impartial view on the sometimes mysterious domestic situation. As a result Argentina’s Ministerio de Agricultura, Ganadería, y Pesca (MAGyP), analogous to the United States Department of Agriculture (USDA), gained a reputation for supplying incorrect data, which it more or less unfairly maintains to this day. Government authorities ended up completely unable to collect reliable information from farmers. In turn, this increased the likelihood of default causing the currency to implode further. This created a negative feedback loop causing farmers to hide their products to avoid taxes and conversion of their crops to declining Argentine dollars. As the suboptimal Kirchner policies made defaults on government debt more likely, local currency plummeted. Eventually, they were in open conflict with the government. ![]() As a source of desperately needed government revenue, Argentina’s farmers suffered from detrimental levies, fees, and taxes. As the Kirchner regime advanced its collectivist/Peronist policy through the 2000s, the “golden goose” of agricultural exports became too appealing to ignore. The Justicialist Party and the Kirchners largely defined themselves through their opposition to neoliberal reforms taking place elsewhere in the region. ![]() With the election of Nestor Kirchner in 2003 on a populist-leftist platform, Argentina returned power to the Justicialist Party, which was founded on the “Third Way” pioneered by Juan and Eva Peron. Soybean expansion came from both increasing acreage and improved yields. The feed ingredients supplied by Argentine farms kept Brazil from slashing and burning even more of the Amazon Rainforest to meet Chinese demand. China’s epic boom in protein demand occurred simultaneously. Soybean production in Argentina has skyrocketed since 2000, rising from 21.2 million tonnes to 61.4 million in 2015.
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