Juan José Bahillo: “I have no doubts that the producer will join this program”

Secretary of Agriculture, Giovanni Giuseppe Bahillohe highlighted the benefits that the new “dollar-soybean” will bring to 200 pesos between now and 30 September.

“This is a measure that greatly improves the income of soybean producers, by 40%. The soybean producer sold a ton for $ 52,000, on average, and it will now raise approximately $ 72,000, that’s a 40% improvement. This allows the manufacturer to improve its working capital resource capacity, “the official said.

Furthermore, he stressed that the measure announced this Sunday by the Minister of Economy, Production and Agriculture, Serge Massa, It is quite simple for producers to direct it to the accounts they have, directly, and it is not left to any intermediary.

“Receive this improvement fully. I have no doubt that the producer, because I know them, will join this export increase program. Because even later the manufacturer will certainly invest again in the sector, “he said.

On the other hand, he said it improves the dollar income to the country for Central Bank reserves. “A $ 200,000 million pesos improvement in revenue is expected to occur until September 30th. This strengthens public finances,” she concluded.

The details

The government made official this Monday in the Official Gazette the mechanism by which soybean exports can be regulated according to the new and special value of the so-called “soybean dollar”, set at $ 200, until September 30th.

Some details of the decree 576/2022 of necessity and urgency, signed by Alberto Fernández and the ministers of the National Cabinet, had been put forward by one of its members, the head of the Economy portfolio, Sergio Massa.

As the former Speaker of the House recalled in the announcement, among the benefits that currency exchange will bring, “more than $ 5 billion will go into reserves” and “98% of production will be exported”.

“We have a deal that provides $ 5 billion in guaranteed settlement for the month of September, $ 1,000 million guaranteed for the first 72 hours and the opportunity to move forward with a clear list price,” he warned. .

In addition, he stressed that the changes “will promote exports from the countryside and the improvement of reserves will allow the use of energy in factories and homes to be maintained”.

In this sense, article 1 of the regulation marked the “extraordinary and transitory” creation of the “Export increase program”, which is “intended for subjects who have exported in the last 18 months immediately preceding the validity of this decree .

As clarified, adherence to this plan “will be voluntary” and “will be carried out through the ‘Registration system’ service, available on the AFIP website”.

It has also been established that the program will be “effectively applicable to those who adhere to it and who have registrations of Sworn Declarations of Sale Abroad (DJVE), where applicable, made before or after the entry into force of this decree. “, For the goods listed in Annex I (soya and their by-products).

Article 3 also specified that only “the soybean buying and selling transactions completed from the entry into force of this decree, including the buying and selling transactions with a price in pesos ‘to be fixed’ after that date, will be valid”.

Section 5 of the decree, meanwhile, indicates that the Central Bank “will establish the mechanisms so that the value of the goods” linked to soybeans, “including the hypotheses of pre-financing and / or post-financing of exports from abroad or an advance on liquidation, to be part of the subjects that adhere to the Program and that meet the requirements established in this decree, is perfected in $ 200 per US dollar “.

“The subjects that adhere to this Program, and actually applicable to them, must register the Sworn Declaration of Sale Abroad (DJVE) and regulate the currencies referred to in article 5 under the terms and conditions established by the complementary legislation. , not being able to exceed this deadline on 30 September 2022, including the hypotheses of pre-financing and / or post-financing of exports from abroad or of advance payment “, states art. 6th.

Hours before traveling to Washington, during the show he held this Sunday, Massa said: “We hope that any manufacturer who feels they face the opportunity to be recognized for better value, sells for what they represent for the purposes of their future possibility for that minimum of 85% for future benefit programs that the Ministry of Agriculture will have to face “.