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“Since there is no money, we have to be creative”: the Government has launched new loans for the countryside

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“Since there is no money, we have to be creative. We looked at the few tools we had to see what we could provide the industry to grow.“.

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In this context, the Government has launched two innovative credit lines for agricultural producers at Expoagro. The announcement was made by Juan Pazo, Minister of Industry and Productive Development, a man who knows the sector since he is an agricultural producer.

The first product is a pleasing program for used agricultural machinery. “The machinery fleet is quite obsolete and this leads to lower productivity,” she observed.

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The second product is intended for small and medium-sized milk producers. “We want to generate a credit market paid in liters of milk. It’s about increasing productivity and being stuck between what you produce and what you have to pay,” she said.

The conference also served to prove the Bioeconomy Minister rightFernando Villellawho called ” our rock star” and which elicited applause from the room where the press conference was held.

On the other hand, he mentioned the loans that Banco Nación granted for this exhibition, which amount to 500 billion dollars and 100 million dollars for agroindustrial machinery.

As indicated by Banco Nación, on the first day of work at Expoagro, the number of operations quadrupled compared to those recorded in the 2023 edition: records of certificates issued were broken and the share of lines in pesos and dollars had to be expanded. During the first day of the fair, 1,019 requests were received for 250 billion dollars for the purchase of machinery and 283 certificates were issued for 194,400,000 dollars for the investment and working capital line.

Pazos, who came to Expoagro on behalf of Luis Caputo, unable to attend due to his commitment to the IDB annual meeting, indicated that he was a visitor to the fair in his capacity as a producer. “It’s a luxury to be here. I’m an agricultural producer, I came to do business, to buy machinery, to see what’s new.”

On the other hand, he underlined it Withholdings will decrease as the economy grows. “The government does not believe in this type of tax. You have to be patient,” she said.

“What the people want is for us to get rid of them, to make their lives easier” and launched a phrase that the President said on Tuesday Javier Milei to the businessmen he met with. “People who live in the countryside are heroes. They have an incredible level of productivity. They are competitive despite the high competitive load, the gap and the persecution. AndOur message is to recover normality“.

Source: Clarin

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