Read the article in the link below. The author suggests that emerging market countries will have a worse time than the U.S. My guess with the government there is that it could be much worse than other places. I read one prediction that Argentina may have to start importing beef to satisfy domestic demand as early as next year. The immediate outlook for Argentina appears grim unless the world demand for agriculture commodities improves soon.

http://www.theglobeandmail.com/servl...ageRequested=1