This paper uses 1940-80 time-series data and a multiproduct, multinput aggregate translog profit function to estimate the structure of Argentine agricultural technology. Estimates of own-price supply elasticity ranged between 0 and 1.5, and derived demand elasticities were between -1 and -2. Given the author's estimates of price wedges due to currency overvaluation, trade restrictions, and domestic taxes, the implications of eliminating any one of these policy-induced wedges would be to increase production of the various agricultural commodities from as little as 5 percent to as much as 100 percent.