Sergio Massa announces the new agricultural dollar: the details of the plan

Economy Minister Sergio Massa will announce a new agricultural dollar this Wednesday so that producers have access to a differential exchange rate. While the formal announcement is awaited, details of the export increase program have been released from the Palacio de Hacienda.

The soybean dollar would be around $300. The purpose of the measure is for the State to obtain the dollars it needs to strengthen the reserves of the Central Bank (BCRA).

This is the road map of the plan that Sergio Massa will announce this afternoon. The act will be held in the Sala Belgrano of the Palacio de Hacienda.

1. Export enhancement program

To attract about 4,000 million dollars, they launch an agreement with the grain companies to establish a guaranteed minimum settlement for a period that will not exceed 45 days. The deadline goes from 8 April to 24 May

For the new soybean dollar, a differential exchange rate will be announced which is estimated to be around $300 to the dollar. The goal is to capture 7 million tons from last season and as much grain as possible from the new cycle.

2. Agreement with regional economies

In this case, producers must meet the “eligibility” conditions. based on criteria provided by the Ministry of Economy. Those who enter must meet certain criteria, because they are economies that generate employment: Today there are 380,000 jobs in that sector.

The term, for this sector, will be from 8 April to Friday 7 July. It is also a “temporary window” that opens and closes.

In turn, the regional economies must meet the eligibility conditions based on the criteria of the Ministry of Economy. The conditions are as follows:

• Participation at fair pricesguaranteed supply and price.

• The company that does not include fair prices, You will not be able to access the export program.

• Employability guarantee. Today there are 380,000 jobs in this sector.

3. Manufacturer Protection Program

Inside this Wednesday’s announcements are also added drought mitigation measures. In this case, a simplification and automation criterion will be applied for 69,000 producers affected by climate change.

4. Customs sanctions regime

​A program of sanctions is launched for some 100 exporting companies that have expired to liquidate dollars. It is estimated that there are between 3,000 and 4,000 million dollars of exports that do not meet this requirement.

NS