Rural Entities Urge Central Bank Meeting to Address Rising Credit Costs, Food Imports and Fiscal Challenges

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

Rural entities have once again requested a meeting with the president of the Central Bank (BCRA) to discuss their concerns about rising credit costs for producers and the risks posed by food imports. The request comes after a meeting between leaders of various rural organizations who expressed frustration at the lack of response to their previous requests made over three months ago. They specifically called 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.

In addition to their concerns about credit costs, rural leaders warned about the potential impact of announced food import facilities on local producers. They highlighted 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, urging legislators to consider the impact of these measures on producers and the overall economy.

The statement from the rural liaison table also raised concerns about the high cost of the Foot and Mouth Disease Vaccination Campaign, particularly 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 the critical situation facing many producers and called for urgent fiscal measures, including a reduction in export duties to stimulate production and boost economic growth.

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

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