Argentina - Agriculture
Argentine agriculture has experienced a period of transition and diversification over the past decade. Traditional products such as beef and sheep have declined in relative value while newer products such as food oils have grown in popularity with farmers. Argentina is the world's fifth-largest producer of food and beef. It is also the world's largest producer of lemons and lemon juice and the largest producer of olive oil in South America. Finally, the nation is also one of the world's main producers of wheat and flour.
In 1998, the total value of agricultural exports was US$13.25 billion and the total value of imports was US$1.73 billion. In 2000, about 12 percent of the population was employed by agriculture. Agricultural workers earn an average of about US$400 per month, which is twice the national minimum wage. There are 40 million hectares devoted to agriculture in Argentina, of which 20-25 million hectares are used for grains and crops, while the rest is used for livestock grazing. In 2000, there were approximately 420,000 farms in the nation. However, the largest 10 percent of farms accounted for more than 50 percent of total production.