Farm crisis spooks Argentine economy | TFN News | Static News...

Argentina, one of the world's biggest breadbaskets, should be rolling in cash as world food prices soar.

Instead, soy, wheat and corn have sat for weeks in silos as farmers protesting new export taxes suspended sales.

Farmers were lifting their strike Sunday night in a last-ditch effort at a third round of talks. But their three-month standoff with the government has already paralyzed the rural economy, caused scattered food shortages and tanked the new president's popularity.

And continued stalemate could spike global grain prices at a time when food costs are already high.

Still, experts say grain prices won't rise forever, and many warn that Argentina may be missing its shot at that record revenue -- and headed for economic crisis.

'They are killing the goose that lays the golden eggs,' said Claudio Loser, a former Latin America director at the International Monetary Fund.

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