Innovus Agra President Bret Oelke is home after a weeklong trade trip to Argentina. Oelke, who is a farm management coach, described it as an eye-opening experience. “It’s facinating to learn about the economics production agriculture in an environment where they have 120-to-150 percent inflation per year.” A new Argentine president was elected over the weekend. Javier Milei won by a 56-to-44 margin and is promising to overhaul Argentina’s troubled economy. “It was very pleasing to the people we met down there that there is a change in leadership,” said Oelke. “The new president is supposedly more of a free market guy. The challenge is the House and Senate hasn’t changed that much so it will take more time than we’d expect with a shift from the left-to-the right like they have down there.” Argentina is the world’s #1 exporter of soybean meal and soybean oil. Those exports have been restricted as the current administration attempts to hoard dollars.
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