Dollar: Government opened a dialogue channel for agro to liquidate $ 7.2 billion

Meanwhile, from the agro-export firms they emphasize the worrying primarization of exports of the soybean chain and that is why they appeal to a reduction primarily of export duties so that they products with added value, that is, oil and flour . As they explain, the year-on-year drop in soybean milling in Argentina reaches 22%, which implies US $ 2,500 million less in liquidation. On the other hand, with differentiated aliquots it could be achieved that the milling goes from 38 to 44 million.

The Government, meanwhile, seeks a certain commitment from the export sector that the field will begin to liquidate more, but here the The will of the producer to sell his harvest and that opens another instance that the ruling party is willing to conquer with the help of the project promoted by the president of the Chamber of Deputies, Sergio Massa, for the reactivation of agribusiness.

Among the measures This project includes the possibility that producers deduct from Profits a percentage of 120% of the invoices related to the purchase of fertilizers, and 150% those related to insurances and controlled seeds. An exchange plan for agricultural machinery, vehicles and implements is also proposed, among other concrete incentives that the field has been asking for for a long time and that are even among the points that the CAA motorizes.

In parallel, the long-delayed compensation payments to small and medium producers, established in the Compensation Fund for the agricultural sector that provides for a refund of export duties for farms of less than 1,000 tons of soybeans, which according to official calculations would be about 42,406 producers, equivalent to 74% of the total.

The compensation payment had been announced last March and came in parallel with the increase in withholdings on the oilseed from 30% to 33%, but, through a pandemic, the implementation of the scheme took longer than expected. Now the promise is not only the disbursement of some US $ 186 million destined for small and medium producers, but also a much more oiled system for the next season.

In this way the Government, far from the confrontation, seeks an ally to the countryside in this new stage of the economy that is already thinking about the post-pandemic and a 2021 with growth rates, as it is clear from the Budget Law that Minister Guzmán sent to Congress weeks ago.

By Of course, it is not an easy task and also the times are increasingly limited, because this plan together with the battery of measures would be announced before the arrival of the IMF mission to Argentina scheduled for next Tuesday. In other words, in less than a week the Government aims to get the go-ahead from the field that through the liquidation of foreign currency it could fatten the declining reserves of the BCRA.