• Mon. May 27th, 2024

Agricultural Liaison Table Urges Meeting with Central Bank President to Tackle Rising Credit Costs and Food Imports Risks

BySamantha Jones

Mar 27, 2024
After three months of silence, liaison table reiterates demand for extension of rule increasing credit costs for producers

The liaison table has once again requested a meeting with the president of the Central Bank (BCRA) to discuss the rise in credit costs for producers and the risks associated with food imports. This request was made after a gathering between rural leaders who reiterated their demand for a dialogue with BCRA president Santiago Bausili. They expressed frustration over the lack of response to their previous requests, particularly regarding the extension of rules affecting wheat and soybean producers, which were made three months ago.

In addition, rural leaders raised concerns about the potential negative impact of food imports on local producers if equal conditions were not maintained. They also highlighted the detrimental effects of excessive tax increases and new fees imposed in various districts across the country, which contribute to the already high tax burden faced by producers. These measures add to their production costs, making it harder for them to compete globally.

Rural leaders called on national, provincial, and municipal legislators to reconsider these tax policies and prioritize measures that support production and economic growth. The liaison table emphasized the urgent need for fiscal measures to alleviate financial strain on producers and create a more favorable environment for agricultural activities.

Furthermore, rural leaders expressed concern over the high cost of foot and mouth disease vaccines at the beginning of the vaccination campaign. They indicated that this issue would be examined in collaboration with relevant organizations to determine specific details influencing vaccine costs. The liaison table announced a consultation period within their entities to gather feedback on vaccine costs, underscoring its importance in safeguarding livestock health and supporting agricultural sector sustainability.

By Samantha Jones

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