There is some question regarding whether as many total acres of all crops in Argentina will be planted as expected with the low prices, high input costs and current peso exchange rate.I recently met with an old friend who manages a large farming operation in Argentina. It was our annual meeting together when we talk about what's happening in both countries. Unfortunately, the last several get-togethers have been spent discussing the problems that have plagued Argentina and its agricultural sector with this time being no different. In fact, the situation has become worse, not better. Here are a few of our talking points:

Government policies continue to make life difficult for Argentina's farmers. Inflation is rampant and farmers are paid...