VOICED: For Argentina's farmers, Russia fires could yield higher prices

The video discusses the challenges faced by Argentinian farmers due to global market conditions, including the impact of a severe drought in 2008-2009 that led to significant financial losses. It highlights the surge in commodity prices following Russia's export ban and Argentina's trade restrictions. The shift from wheat to soy production is examined, raising concerns about future wheat supply and the need for potential imports.

What was one of the major challenges faced by Argentinian farmers like Landry and Ducree?

• Lack of modern equipment

• Severe droughts

• Global market oversupply

• High labor costs

How did the global events affect the price of wheat in Argentina?

• The price remained stable

• The price decreased by 70%

• The price increased by 70%

• The price was unaffected

What measures did Argentina take to protect its economy after the 2001 crisis?

• Increased import tariffs

• Implemented export quotas and taxes

• Decreased interest rates

• Subsidized local businesses

What crop has become more dominant in Argentina's fields in recent years?

• Barley

• Rice

• Soy

• Corn

What is a potential consequence of the shift towards soy cultivation in Argentina?

• More diverse crop rotation

• Higher wheat production

• Need to import wheat

• Increased wheat exports