• Mon. Jun 17th, 2024

Farmers, Rural Communities Urge Central Bank to Take Action on Credit Costs and Food Imports

BySamantha Johnson

Mar 27, 2024
After three months of silence, the liaison table renews its demand for extension of rule increasing producer credit costs

The representatives of rural communities once again met with the President of the Central Bank (BCRA) to address their concerns about rising credit costs for farmers and the risks posed by food imports. This meeting came after months of frustration, as previous requests made by rural organizations had gone unanswered. They specifically highlighted the need for an extension of the rule that increases interest rates for wheat and soybean producers with more than 5% of stocks, given their upcoming credit needs for the next campaign.

During the meeting, rural leaders also warned about the potential impact of announced facilities for food imports on local producers. They emphasized how domestic producers face unequal conditions due to high taxes and inflation, particularly in regional economies with unique cost structures. The group also criticized excessive tax increases and fees imposed by different levels of government, calling on legislators to consider these measures’ impact on producers and the overall economy.

The liaison table also raised concerns about the high cost of Foot and Mouth Disease Vaccination Campaigns compared to neighboring countries. They pledged to bring this issue up with control organizations and conduct a consultation within their entities to gather more details on vaccine costs. Rural leaders emphasized the critical situation facing many producers and called for urgent fiscal measures, including a reduction in export duties to stimulate production and boost the economy.

Overall, rural communities expressed a sense of urgency in addressing challenges facing farmers and agriculture industry. They emphasized the importance of collaboration between all levels of government and proactive measures to support local production sustainability.

In conclusion, it is clear that rural communities are facing significant challenges related to credit costs, food imports, taxes, fees, vaccine costs and other issues that threaten their livelihoods. It is essential that all stakeholders come together to find solutions that will ensure sustainable agriculture practices while addressing these challenges effectively.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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