What are the relief measures that the Government announced for the countryside?

The Minister of Economy, sergio masatogether with the Secretary of Agriculture, Livestock and Fisheries, Juan Jose Bahillo, received this Tuesday the heads of the Liaison Table to communicate a package of measures that aims to alleviate the situation of the producers affected by the drought.

Also participating in the meeting were Carlos Castagneto, head of the Federal Administration of Public Revenues (AFIP); william michel, Head of the General Customs Administration (ANA); and Silvina Batakis, president of Banco Nación.

Massa claimed that “For the Government, the countryside is a central player in the economy, not only when it comes to helping us consolidate exports and being central players in global food policy, but also when discussing the problem and trying to lend a hand and use all the tools that the State has when we meet with agricultural producers in difficulties”, said the Minister of Economy, Sergio Massa.

The entry of trucks of wheat to the great Rosario fell 80% this cycle due to the tremendous drought

“All these measures represent an enormous effort by the National Government, but it is the result of work of different areas of the government at the dialogue table and work with the four entities of the Liaison Table plus two entities that also represent the producers. That from the dialogue and work table we can get results in the emergency is very important,” said the Minister of Economy.

Relief measures for the countryside

• 5 billion revolving fund renewable that aa articulate through the provinces and municipalities to have instruments of direct assistance to the producers.
• Suspension of advance income tax for those producers with difficulties covered by the emergency. The AFIP will keep an eye on the producers of more than 50 million pesos deposited in earnings in 2022. It is so that the small producer is not afraid to raise the emergency request.
• Suspension of tax execution trials and embargo of the checking accounts of all the producers who requested the emergency procedure.

• In the last quarter there was a forced sale of farms and many producers sold off their animals. For those cases, it will not be incorporated for the calculation of the Income Tax. There are 4,200 producers who are going to benefit from this measure.
• 15 more rate subsidy points will be added to accompany the producer who has to go to take credit with a reduction in the interest rate. The line of credit will be $50,000 million from Banco Nación for producers affected by the emergency. The main beneficiaries of this decision of Banco Nación are small producers, they are producers of units of less than 500 hectares and those with less than 150 heads.
• Homologation of emergency orders from the provinces, since it is the trigger for producers to access the benefits.

BM / DE