Rural Entities Urge President of BCRA to Address Credit Costs for Producers and Promote Local Agriculture

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

The rural liaison table 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 associated with food imports. This request came after a meeting between leaders of various rural organizations who expressed frustration over a lack of response to their previous requests made three months ago. They 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.

During their meeting, rural leaders also warned about the potential impact of announced food import facilities 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 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 vaccine costs. The group emphasized the critical situation facing many producers and called for urgent fiscal measures, including reducing export duties to stimulate production and boost economic growth.

Overall, rural entities expressed a sense of urgency in addressing 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 sustainable development in agriculture.

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