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Article: Economic Storm Batters Argentina's Breadbasket; Sharp Price Drop Brings Sudden End To Good Times
- Article from:
- The Washington Post
- Article date:
- December 15, 2008
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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When Hector Farroni married a few years back, he took his new
bride for a swing through Iowa. The silos and windmills, the spider-
like combines, the wide, flat fields all reminded him of this region
of eastern Argentina, part of a fertile farm belt that has propelled
the country's economy since the 19th century.
The two regions have seemingly infinite potential and serve as
breadbaskets to the world. But the similarities end there. While
subsidies and low-interest loans sustain American farming,
Argentina's government raises export taxes and calls the country's
farmers greedy traitors out to topple the state. Now Argentina's
heartland is being lashed by an economic crisis that has come in ...
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