12-Jan-2012 - Drought poses risk to corn, soybeans in Argentina

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(CNN) -- Rain in Argentina on Tuesday brought some relief to the drought-stricken central part of the country, but concerns remained. The persistent dry spell, blamed on La Nina, has not only worried agricultural producers, but could affect tax revenues, officials say. Two of the football jerseys crops most affected by the drought, corn and soybeans, are important revenue-makers for the government through taxes, said Carlos Casamiquela, nfl headset director of the National Institute of Agricultural Technology. If the soybean crops are damaged as much as some forecasts predict and international prices rise, the revenue the government can pull in would be affected, he said. The minister of agriculture, Norberto Yahuar, asked for calm until a clearer picture emerges. Government aid would be available to those affected by the drought, he said. Yahuar called a meeting of the country's agricultural emergency commission on Thursday to evaluate the situation, he said. The true amount and cost of the damages caused buy NFL Jerseys by the weather likely will not be known until mid-February, he said.


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