Argentina, Soy Beans and You
SiloBags - ever heard of them? Me, either. Until this past Saturday morning that is. On the Oklahoma State University Ag Department tv program, SunUp , one discussion topic was the taxing political trouble in Argentina. From AgWeb on the topic of a soy price rally, " "You hear the old cliché, 'Buy the rumor, sell the fact,' and in this case in Argentina it was, 'Sell the rumor in anticipation of the market going down,' and it did,” says Jerry Gulke, president of the Gulke Group." This link will take you to the SunUp YouTube channel. The reason taxes in Argentina matter is because when the government imposed 25% export taxes on their soy beans, the farmers bought SiloBags and stockpiled them in protest instead of selling them. From the photos on the company's website, I can only assume that they are selling worldwide. The product list: Dry grain baggers in 6 foot, 9 foot, 10 foot and 12 foot diameters, Capacity in excess of 400ton/hour, D...