Wednesday, November 2, 2011

Post-default Argentina

Marketplace:
Actually, most economists agree that Argentina's recovery since the crash has been nothing short of miraculous. New money is being flaunted in the gleaming waterside cafes that didn't even exist eight years ago. There's been a big boom in domestic production. But when it comes down to it, Argentina owes its recovery overwhelmingly to one thing: The humble soya bean, being sown in countless thousands of spring fields here. It's being exported on unprecedented levels -- largely to China.
And the opportunity for profit here in the vast fertile flatlands of the Pampas -- where there are two harvests a year -- is big. So big, that cow-herding gauchos could soon be a thing of the past.
Jorge Piran's family has been farming this land for more than a hundred years.
Jorge Piran: Price has increased a lot, farmers changed from cattle. I think it's good for the country. It's a pity that part of our culture is missing.
Two harvests a year?  I didn't know that.  Also, it says soya bean because some BBC folks were contributing to Marketplace today.

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