Flooding Threatens One Million Hectares of Argentina’s Soybean Acreage
Between Christmas and New Year’s, more than a foot of rain has fallen in Argentina’s Cordoba, southern Santa Fe, northern Buenos Aires, and Entre Rios regions.
Analyst, Dr. Michael Cordonnier warns that up to one million hectares of the country’s soybean acreage, or five percent of the country’s total soybean acreage could be destroyed, and adds that a report stated that 450,000 hectares have been declared a state of emergency.
Compounding the problem is the flat nature of the land affected, which will need an extensive period of time to drain and dry out.
With the generally accepted window for replanting ending on January 10, there is a real possibility that farmers will not be able to re-sow the lost acreage in time.