BUENOS AIRES, Argentina - Argentina, a nation that prides itself on having more cattle than people, may soon be forced to import beef to keep its meat-loving citizens happy at the dinner table.
Intense government efforts to keep meat affordable through taxes, export restrictions and price controls have enabled Argentines to eat record amounts of beef this year, but the short-term bonanza has come at a very steep cost. With little or no profit left in meat, ranchers are selling out, slaughtering even the female cows needed to maintain their herds.
President Cristina Fernandez, who famously dismissed soy as a "weed," has said her government must protect consumers at a time when booming soy production has taken over 32 million acres (13 million hectares) of grassland once used for ranching.
Her government also has paid huge subsidies for massive feedlot operations where previously grass-fed cattle are fattened on corn and grain.
But it still takes three years from the moment a calf is born for a cut of beef to reach the supermarket, where the price — set weekly by government bureaucrats — is roughly 2 dollars per pound (half kilo), less than the going rate for a pizza that takes minutes to make.
http://www.msnbc.msn.com/id/34368080/ns/business-world_business/
Intense government efforts to keep meat affordable through taxes, export restrictions and price controls have enabled Argentines to eat record amounts of beef this year, but the short-term bonanza has come at a very steep cost. With little or no profit left in meat, ranchers are selling out, slaughtering even the female cows needed to maintain their herds.
President Cristina Fernandez, who famously dismissed soy as a "weed," has said her government must protect consumers at a time when booming soy production has taken over 32 million acres (13 million hectares) of grassland once used for ranching.
Her government also has paid huge subsidies for massive feedlot operations where previously grass-fed cattle are fattened on corn and grain.
But it still takes three years from the moment a calf is born for a cut of beef to reach the supermarket, where the price — set weekly by government bureaucrats — is roughly 2 dollars per pound (half kilo), less than the going rate for a pizza that takes minutes to make.
http://www.msnbc.msn.com/id/34368080/ns/business-world_business/