Rural Organizations Urge Central Bank to Address Rising Credit Costs for Producers and Imports: Liaison Table Convenes over Lack of Response to Previous Requests

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

Rural organizations have once again reached out to the president of the Central Bank (BCRA) with concerns about rising credit costs for producers and the risks posed by food imports. The liaison table representing rural entities has made this request following a 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.

The group 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, they 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 statement from the liaison table also raised concerns about the high cost of the Foot and Mouth Disease Vaccination Campaign, particularly in comparison to neighboring countries. They pledged to raise this issue with control organizations and to conduct a consultation within the entities to gather more details on the vaccine cost. 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

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