Rural Entities Urge Central Bank Meeting over Rising Credit Costs, Taxes and Inflation

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. This request came after a meeting between rural organization presidents who expressed frustration at the lack of response to previous requests made 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% stocks, given the upcoming credit needs for the next campaign.

The ruralists also raised concerns about high taxes and inflation, particularly in regional economies with unique cost structures. They 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.

In addition to these issues, the liaison table expressed concerns about the high cost of the Foot and Mouth Disease Vaccination Campaign compared to neighboring countries. They pledged to raise this issue with control organizations and conduct a consultation within rural entities to gather more details on vaccine costs.

Overall, rural entities emphasized the critical situation facing many producers and called for urgent fiscal measures, such as reducing export duties, to stimulate production and boost the economy. They highlighted the need for collaboration between all levels of government as well as proactive measures to support local production and ensure industry sustainability.