Intern in the Massa team: the Secretary of Agriculture vs. the central bank

The Secretary of Agriculture, Juan José Bahillo, considered today as “not aligned” to encourage production the measure of the Central Bank which made credit for soybean producers more expensive.

He did so in the exhibition of the Rural Society of Gualeguaychú. This morning Bahillo, with a birth certificate in Entre Ríos, praised the soy dollar on Twitter, noting that “the data convincingly show the success of the measures which has reached a historic record in the sale of soybeans “.

But in the sample it slipped that the lending rate that goes up for soybean producers that they don’t sell 95% of their crop, it’s not “aligned” with production.

Assisi and adds to the strong criticism generated by the measure announced last Thursday by the Central Bank and which implies that eThe actual cost of credits for these producers rises to 110%.

The decision accepted the rejection of the leaders of the Link Table, of the grain and trade exchanges and of the soybean sector, the latter grouped in Acsoja.

“We We will work to continue to finance working capital, capital goods, fixed assets, I discussed it with Minister Sergio Massa and the idea is to continue along this line of work. We will certainly meet with the Central Bank and send you our opinion, even if we take into account that the Central Bank has autonomy by statute to take this type of decision and has taken this decision within that framework “, said the Secretary of Agriculture a Gualeguaychu.

About the secretary called a meeting for the liaison table for next Thursday.

Bahillo’s presence at the Rural exhibition was celebrated by farmers who were very critical of the government, such as Jorge Chemes, president of the CRA.

He put it like this: “It is an honor to be able to participate alongside national officials such as Juanjo Bahillo and I take the liberty of saying it this way because we have known each other for years and we know very well that he understands what the field needs and knows where to take the course. Thank you Juanjo for being present ”.

The soybean dollar, which is one week old today, is allowed sales of approximately 4.6 million tons, which resulted in foreign exchange income of over $ 2,000 million.

According to Bahillo, the producers received an average price of almost one 40% more compared to the one received on August 31, which “motivated sales to accelerate”.