Rural Leaders Urge Central Bank Action to Ease Credit Costs and Protect Local Agriculture Industry

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

Rural groups once again called on the president of the Central Bank (BCRA) to address their concerns about rising credit costs for producers and the risks posed by food imports. The 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 over three months ago.

During this meeting, rural leaders 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, they also warned about potential consequences of announced facilities for food imports on local producers. They emphasized how uneven conditions faced by domestic producers due to high taxes and inflation, particularly in regional economies with unique cost structures.

The rural entities also criticized excessive tax increases and fees imposed by different levels of government, calling on legislators to consider their impact on producers and the overall economy. They raised concerns about high cost of Foot and Mouth Disease Vaccination Campaign compared neighboring countries and pledged to consult with control organizations about it. Rural groups emphasized critical situation facing many producers and called for urgent fiscal measures such as reduction in export duties to stimulate production and boost economy.

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 sustainability of industry.

Leave a Reply