• Wed. May 29th, 2024

After three months of silence, the liaison table renews its demand for extension of rule increasing producer credit costs


Mar 27, 2024

The liaison table representing rural entities once again requested a meeting with the president of the Central Bank (BCRA) to address concerns about the rising cost of credit for producers and the risks posed by food imports. The request came after a meeting between the presidents of various rural organizations who expressed frustration at the lack of response to their previous requests made over three months ago. They specifically highlighted the need for an extension of the rule that increases the interest rate for wheat and soybean producers with more than 5% of stocks, given the upcoming credit needs for the next campaign.

In addition to their concerns about credit costs, the ruralistas warned about the potential impact of announced facilities for food imports on local producers. They emphasized the unequal conditions faced by domestic producers due to high taxes and inflation, particularly in regional economies with unique cost structures. The group also criticized excessive tax increases and fees imposed by different levels of government, calling on legislators to consider the impact of these measures on producers and the overall economy.

The statement from the liaison table also raised concerns about the high cost of the Foot and Mouth Disease Vaccination Campaign, particularly in comparison to neighboring countries. They pledged to raise this issue with control organizations and to conduct a consultation within the entities to gather more details on the vaccine cost. The group emphasized the critical situation facing many producers and called for urgent fiscal measures, including a reduction in export duties to stimulate production and boost the economy.

Overall, the rural entities expressed a sense of urgency in addressing the challenges facing producers and the agricultural sector. They highlighted the need for collaboration between all levels of government, as well as proactive measures to support local production and ensure the sustainability of the industry.

By editor

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