Argentine farmers back conservatives in election, hoping for freer markets

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In Argentina's grains fields and cattle ranches, farmers are hoping upcoming elections will bring political change and an end to years of economic uncertainty, ushering in freer markets with fewer currency controls and export limits.

The government, battling an acute shortage of dollars, annual inflation scraping 116%, and a fast declining currency, has imposed strict capital controls, limited some exports, and hiked interest rates to 97%. That has made business difficult in one of the world's top soyoil and meal exporters and No. 3 corn exporter.

"At least what they are talking about in the political campaign would improve conditions for the sector," he said. "I think Larreta could be a good candidate for what he's promising," said Juan Carlos Ardohain in a field he rents in San Vicente for cattle. Currency exchange instability in recent years had inflated his costs, he said.

"What we need are free markets," Ricardo Firpo, an agricultural producer from the breadbasket province of Santa Fe, said at the annual fair of the Argentine Rural Society in capital Buenos Aires.

 

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