Flooding could generate losses of more than 2,400 million dollars in Buenos Aires.

The floods that have affected much of the central-western Buenos Aires region since May have submerged between 4.5 and 5 million hectares, compromising agricultural and livestock production in one of the most productive areas of the country. According to a calculation by producer Ignacio Iturriaga, the potential impact exceeds $2.4 billion between unrealized investment and gross margins at risk. The study, based on direct costs of agriculture and livestock published in Márgenes Agropecuarios and lanacion.com, estimates that 50% of the affected area corresponds to agricultural land and the other 50% to livestock land. "If that area cannot be planted or livestock activity is not recovered in time, the direct economic blow would be $2.466 million," explained Iturriaga, who clarified that the effect does not only fall on the producers: "It is money that the contractor, the gas station, the input supplier loses. It is money that stops circulating in rural towns." From Carbap, its ...