Tokenized agriculture could provide economic relief to Argentine farmers
Argentina’s brittle economy — stricken by endemic problems that have only worsened amid the COVID-19 pandemic — has sparked rising unrest in the country’s agricultural sector. Earlier this month, representatives of the bulk of national producers rejected President Alberto Fernandez’s government’s decision to suspend all exports of corn as part of its efforts to stem inflation and exert downward pressure on domestic corn prices.
The farmers’ strike followed a similar wave of resistance in the oilseed and soy industries in December 2020. The rise in labor unrest poses a challenge for the stewards of the national economy, given that agriculture contributes 60% of national exports and roughly 10% of Argentina’s gross domestic product.
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