Despite the historic drought that is affecting a large part of the country, one is surprised by the pace of sales that were recorded at Expoagro. This is confirmed by the various directors of agricultural machinery and banks.
From Banco Provincia offer different credit lines for Investments intended to finance the purchase of agricultural machinery and technological equipment, with annual rates starting from 38% and durations of 48 and 60 months. And the public bank remarked it only in the first two days has received more than 1,500 pre-applications for credit for 60,000 million pesos through these lines.
“The credit rate for agricultural machinery starts at 38% for goods produced in the province of Buenos Aires. Then there are rates that increase according to the duration and origin, but always with very competitive rates. We believe this also plays a role for public banks signaling the market. We see that other banks, based on Bapro’s initiatives, are starting to move closer in terms of rates,” explained Juan Cuattromo, president of Banco Provincia.
Marcus Cheistwerpresident of CNH Argentina, a company that operates in Argentina with the Case IH and New Holland brands, specified that “we arrived with a strange expectation because we didn’t know what we would find. Unlike previous years, We are seeing more trades than expected“, She said.
To which he added: “If the operations are successful, we are satisfied. There is a willingness to replace, invest, There is nothing that can stop the Argentine campaign“.
“In a context where there was a lot of talk about drought, I noticed that producers were very interested in continuing to grow. In these first two days we closed with a record of operations,” he reported, for his part, Fernando Bautistaleader of the agribusiness of Santander Argentina.
As explained, Banco Santander operations tripled over last year in farm machinery equipment“This boom is due to two reasons: manufacturers want to invest and continue to expand and because there are more units available,” he commented.
Emiliano Ferrari, Valtra’s Senior Sales Manager stressed that on the first day of the fair “the ice broke” and that “it was good” for the brand. And he commented, in turn, on the second day there was more audience and it showed in the sales. He assured that the operations of several tractors and two combines have been shut down. “The expectation set on Thursday that we hope to close even more deals”
According to the Valtra executive, most of the sales were made with bank loans. “There is a need to change the machinery thinking about what is about to arrive in a context of a harvest that will not be good”, he added.
Gustav Meyer, director of Agco Argentina and director of Massey Ferguson Hispanoamérica, there are many questions and has reflected on the use of technology because it helps to reduce costs and improve productivity. “Technology is one of the keys to being able to overcome this moment in the best way”
In this sense, he said that there are many producers and contractors who need to change their machinery. “We have to provide them with these funding tools so they can access this technology,” she said.
“There were a number of questions, but then if the banks don’t help, it’s going to cost. But if the banks give the ’10’ this fair will be a good show. We will note that in 20 days we will see if the credits that these gentlemen will go looking for come out, ”she concluded. Sergio DiBenedettoof the Agrometal company.
Source: Clarin
