date:May 22, 2013
High wheat prices, a government tax rebate plan and expected good weather will prompt Argentine farmers to expand planting of the grain by 40 percent this season compared with the 2012/13 crop year, Agriculture Secretary Lorenzo Basso said on Tuesday.
The area will be close to 4.5 million hectares, for sure, Basso told the Reuters Latin America Investment Summit.
In the 2012/13 growing season, which ended in February, the Argentine government says farmers sowed wheat on 3.16 million hectare