Follow-up: Argentine election results

i read a few articles on the election results which claimed that argentine voters were repudiating a center-left government... b.s... they were repudiating an incompetent, airhead, fashionista presidente who, with her ex-presidente husband, have systematically, in true argentine fashion, lined their own pockets while claiming to be on the side of the poor, a population that is steadily increasing while the rich - as usual - get richer...

Argentine President Cristina Fernandez de Kirchner lost power in Congress after voters angry at her handling of a farm strike, crime and a slowing economy favored opposition candidates in mid-term elections yesterday.

Fernandez acknowledged that a slate of candidates for the lower house led by her husband, former President Nestor Kirchner, was defeated in the bellwether province of Buenos Aires. She told reporters today that the government will have 35 seats in the 72-member senate and 107 lawmakers in the 257- member lower house, not counting allies from other blocs.

Fernandez, 56, relied on her coalition’s control of Congress to back an agenda that included nationalizing $24 billion in private pension funds and the country’s flagship airline, Aerolineas Argentinas SA. She angered many supporters when she tried to raise farm export taxes last year, provoking four months of road blockades and protests.

too bad, so sad, cristina... meanwhile, check out what you've done to your wonderful country...

Argentina faces having to import wheat

Argentina, which considers itself the world’s bread basket, faces having to import wheat next year after the worst planting season on record because of drought, lack of credit and government policies.

Argentine farmers are set to sow about 2.9m hectares with wheat, the smallest area since records started more than a century ago and down 30 per cent from last season’s 4.2m, according to estimates from the Buenos Aires grain exchange.

“Since records started in Argentina more than 100 years ago there is not a single season with a lower planted area,” said Esteban Copati, an agricultural analyst at the exchange. “The wheat-sowing season has started badly, on the wrong footing.”

what a crying shame...

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Argentina's president wants to keep citizens fed but she's between a rock and a hard place

what's happening in argentina is a microcosm of the crisis that's threatening food supplies, particularly for the most vulnerable, throughout the world...

the push to biofuels has caused, in argentina as in many other places, a massive rush to clear uncultivated land (driving through the argentine pampa, there are massive fires every few kilometers where cleared natural vegetation is being burned) for soy production, and an equally massive shift to producing soy in lieu of other food crops... a lot of the big players (most notably cargill, the biggest privately-held company in the world that most people have never heard of) are adding vast chunks of land to their already vast holdings, leaving global agricultural production in ever fewer hands... cargill already owns most of its own world-wide distribution network - ports, storage facilities, ships, barges, railroad cars - and that vertical integration, from seed to soil to harvest to shipment to mill, insures a virtual monopolistic control...

the consequences of this is that world food and agricultural commodity prices are soaring world-wide, and national leaders, like cristina fernandez de kirchner, are acutely aware that their citizens, particularly the poor, are at great risk of not being able to afford to eat... thus the export tax increases on soy and similar taxes on rice that have recently been levied in countries such as thailand and vietnam, and on wheat, corn, rice, and soybeans in china in an effort to keep food in the country instead of being exported...

argentina is an agricultural powerhouse, but its farmers, like the rest of its citizens, are fed up with government interference and have been for some time, and their traditional show of frustration is a strike, usually in the form of blockading roads and interfering with the flow of commerce... that's precisely what we've been seeing in the past few weeks after cristina announced the increase in agricultural export taxes...

Almost three weeks of roadblocks by farmers have caused food shortages, paralyzed grain exports from agricultural powerhouse Argentina and turned into a major political conflict for President Cristina Fernandez de Kirchner.

The center-left government said it would give small farmers a rebate on new, higher taxes for soy and sunflower seed exports, as well as other benefits such as compensation for transportation costs for small farmers far from markets.

[...]

But farm leaders said in a news conference they would continue protests that have blocked highways and held back farm goods since March 13, making beef, dairy, chicken and produce scarce in the capital.

here's cristina's dilemma...

The president said on Monday it was important for Argentina to make sure soy did not crowd out other crops that are important for the domestic market.

She said the higher taxes on soy exports would help control inflation on food items in Argentina and added that unbridled soy production could deplete soil quality and has caused deforestation.

imho, she's trying to do the right thing in an impossible no-win situation...

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