Rural Entities Call for Urgent Meeting with Central Bank President over Credit Costs and Food Import Threats

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

In response to the rising cost of credit for producers and the risks posed by food imports, rural entities have once again requested a meeting with the president of the Central Bank (BCRA) to address their concerns. The liaison table representing these entities made this request after a meeting between various rural organizations expressed frustration at the lack of response to their previous requests made three months ago. They 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, ruralists also warned about the potential impact of announced facilities for food imports 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.

Furthermore, they raised concerns about high costs associated with Foot and Mouth Disease Vaccination Campaign compared to neighboring countries. Rural entities pledged to bring this issue up with control organizations and conduct a consultation within their entities to gather more details on vaccine costs. They stressed that many producers are facing critical situations and called for urgent fiscal measures such as reducing export duties to stimulate production and boost economic growth.

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

Leave a Reply