Monday, March 20, 2023

Relief for rural areas: Government announces measures for drought

“We are going to develop a renewable 5,000 million aid system through a revolving fund that will be expressed directly through the provinces and municipalities in order to have direct aid tools for each of the producers affected by the drought.”

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“We are going to suspend the payment of advance income tax for all growers and producers who are facing difficulties or are covered by the emergency, also understanding that the work process that AFIP will do, what the review will be, maintaining Will be eyeing producers with a declared profit of more than 50 million pesos in 2022».

“This is so that small producers are not afraid to make emergency requests with the idea that AFIP will come later and review the numbers.”

“We have agreed with AFIP on the suspension of tax performance tests and the suspension of sanctions on the current accounts of all producers affected by emergency procedures who present themselves to request emergency procedures.”

“In the last quarter of last year there was a process of forced asset sales that were the product of food shortages on farms and in some cases the need for producers to make money. From this it arose that there are producers who missell their fields. Hence, we are going to non-incorporation for computing income tax in case of force majeure asset sale. There are 4,200 producers all over Argentina who are going to benefit from this measure.”

AFIP is going to complete the process of training and coordination with the growers to facilitate all these processes.

“We are going to proceed to finance the liabilities under the same terms in which the credits were granted. This is a very good measure, among other things, because 47% of loans to the sector are from producers affected by the emergency. , there are loans that are also products of the Banco Nacional’s policy of reconciliation and promotion of the agricultural sector, they already came with a promoted rate, and somehow the 360-day moratorium will maintain the same conditions.

“The main beneficiaries of this Banco Nacional decision are the small producers, they are the producers with units of less than 500 hectares, they are the producers with less than 150 head, so it is really a measure that has a very important impact in terms of capillarity of the whole in the country, but above all those producers who are most vulnerable because of the size of their production units, in other cases because of the size of their rental units ”.

“With the reduction in interest rate, 15 more points of rate subsidy are being added with the manufacturer going to take the credit. 50,000 million pesos is what the Banco Nacional holds on the credit line for producers who are covered by the state of emergency throughout the country. This is very important for us, firstly because of the rate subsidy effort made by the national government, but secondly because of the capillary achieved by the Banco Nacional, which we all know is the bank in every city in Argentina ».

“We are approving emergency requests from the provinces. Today we have signed some provinces of Buenos Aires, we are about to start the homogenization of the province of Entre Ríos. You know it’s important because it’s the trigger that allows the producer to use all the benefits that we’re providing in some way, and at the meeting of the board of directors on Thursday, the Central Bank of the Argentine Republic decided to repeal The solution being to raise the rate for those producers who could somehow get credit and were limited by the issue of soybean dollar liquidation, so that they once again have the opportunity to use the credit without penalty of surcharge” .

“All of these measures represent a colossal effort by the national government, but are the result of the work of different sectors of government in dialogue and action with the four entities of the Contact Table and the two entities that represent producers. Dialogue and From the working table we can get the result in emergency, it is very important.

“It teaches us that we have to work together. Argentina has rural areas as one of the engines of the economy. The state often asks you for an effort when you are faced with circumstances or fiscal or reservation constraints , But also, the state and the government are often the tools with which we can help you in times of greatest difficulty.

“It’s probably not all that they asked for, I know. That’s all we can do at this point. We understand this is tremendous in terms of implications for our agricultural producers and producers.

“Over the past few days we have all been pleased to see the arrival of rains in some areas. We understand that this brings relief to the area, but we also understand that many production cycles have been disrupted and this means that some In many cases, drought has cut production cycles and harmed a large number of agricultural producers in Argentina.”

« For the government, the rural sector is a central actor in the economy, not only when it comes to helping us strengthen exports and being a central player in global food policy, but also to discuss the problem and lend a hand and help everyone Even when trying to use the tools that the state has when we find ourselves in difficulties with agricultural producers ”.

There are some provinces in Argentina that have already fully declared their state of emergency; This is the case for the provinces of Santa Fe, Entre Ríos, Corrientes and Chaco. There are provinces which are partially declared; This is the case in Salta, Córdoba and Buenos Aires. We are talking about a universe of 54,100 producers in Argentina who will be covered in some way by these measures.

“We all have a responsibility to work together, beyond each one’s ideas and each one’s role, to give them a hand and help them recover from the severe climate conditions this past year, but which aside the climate program Recurring with a change in. , but with a strong effect of drought in the previous year on the other.

Nation World News Desk
Nation World News Desk
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