‘It’s temporary’: Government explained why it extended rule that makes credit more expensive for soybean producers

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The Secretary of the Nation’s Bioeconomy, Fernando Villellaspoke about the extension of the Central Bank of the Republic of Argentina (BCRA) which makes loans more expensive to producers who retain more than 5% of the soybeans in their field.

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“It’s temporary. At some point it will disappear, as most of the regulations that already work have disappeared,” he said.

In this regard, he noted that it was the best January in 51 years for dairy and meat exports.

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“At some point they will disappear but we have to wait a while due to the macroeconomic situation. LThe situation is complex“There are some issues that need to be resolved,” he commented.

On the other hand, during his speech at the entertainment dinner organized by Exponenciar this Monday, he stated that “we are moving towards a system that promotes private initiative; openness to the world, increasing exports and receiving investments We have the means to do it and not only with the agrobioindustry, our live cow, which today explains 70% of current exports, To this we must add energy, mining, the knowledge economy and quality incoming. “We are at the birth of the new Argentina and it is painful, but if we all collaborate in maximum co-creation, the results will be better for everyone and sustainable over time.”

Secretary Vilella stated that “the President challenges us and asks for a Pact for May 25th. I am sure that those gathered here, important actors and subjects of this future to be built, will accompany him in the search and creation of the necessary consensus. Yes, we did it, next year, when Expoagro will call us again, andWe will be on the road to a new Argentina, with a powerful and proud Vaca Viva to once again be an integral part of the common destiny of all Argentines. Our strong commitment and our offer is to be with you, from the territory and its realities, without magic recipes, creating together a powerful present and future.”

“We promote the Bioeconomy agenda, which we define as the set of sectors of the economy that use biological resources and/or processes for the sustainable production of goods and services. It aims to maximize the use of current biomass and biological diversity. our proposal means accelerating and enhancing the strengths and benefits of what is being done, not replacing it”, underlined the Secretary, explaining that “it is a systematic and networked agenda that involves multiple actors and their relationships, with at the center the producer who “manages photosynthesis and generates plant and animal biomass. This Argentine manufacturer has a great capacity for innovation, developing unique research and development activities. The challenge is to continue to do what it does very well and add value by incorporating cutting-edge technologies.”

Vilella announced that “we are discussing the possibility that the producer freely chooses whether he wants to access the best possible plant genetics. Today we approve a GMO soybean that resists nematodes and their consequences. We have approved yeasts that improve the transformation of corn starch into ‘ethanol”, ensuring that “we have a strategy based on the return of profitability to all producers and to the different links of the supply chain, where each of them grows without parasitizing the others. It is the only real way to substantially increase exports while maximizing sustainability of business”.

Source: Clarin

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