Rural Concerns about Credit Costs, Food Imports and Other Challenges: A Meeting with the BCRA President

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

The liaison table representing rural entities has once again requested a meeting with the president of the Central Bank (BCRA) to discuss concerns about rising credit costs for producers and the risks posed by food imports. This request came after a recent meeting between the presidents of various rural organizations who expressed frustration at the lack of response to their previous requests made three months ago.

During this meeting, the ruralists specifically highlighted the need for an extension of the rule that increases interest rates for wheat and soybean producers with more than 5% of stocks, given the upcoming credit needs for the next campaign. They also raised concerns about announced facilities for food imports and their potential impact on local producers.

The group emphasized that domestic producers face unequal conditions due to high taxes and inflation, particularly in regional economies with unique cost structures. They 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.

In addition to their concerns about credit costs and food imports, the rural entities also raised concerns about the high cost of the Foot and Mouth Disease Vaccination Campaign compared to neighboring countries. They pledged to raise this issue with control organizations and conduct a consultation within their entities to gather more details on vaccine costs. The group emphasized that many producers are facing critical situations and called for urgent fiscal measures, including a reduction in export duties to stimulate production and boost the economy.

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

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