The Limited Times

Now you can see non-English news...

Congress points to the Court And the field?


The ruling party called for extraordinary sessions but the agro-industrial law would fall through the crack.

The drought is at the center of concerns, not only for producers.

Economists, journalists and even politicians ask if the rains will last

and what impact the weather will have on the harvest.

With common sense,

they try to anticipate the impact of lower agricultural production on the economy. 

This week, the Grain Exchange of Buenos Aires and the INAI Foundation projected that

the Gross Agroindustrial Product would fall

from the 53,161 million dollars generated in the 21/22 campaign to 42,136 million dollars (moderate scenario) or

37,418 million dollars (scenario severe drought).

It is because the wheat harvest was reduced by half compared to last years and yield losses in soybeans and corn are already estimated.

Nationally, grain production would fall by at least 25%.

It would go from 120 million tons that added up between corn (53), soybeans (45) and wheat (22) last season, to 85 million tons between the three main crops.

There would be US$14 billion less in exports.

(43,363 vs. 29,248 million dollars).

And the collection of taxes would also fall by 4,300 million dollars.

(17,646 vs. 12,907 million dollars).

According to the Central Bank, of the 53,092 million that entered the exchange market during the last 12 months, the agro-industrial sector contributed 77%.

But through drought, the Stock Market warns that a drop in agricultural production and exports would mean a

lower supply of foreign currency


Meanwhile, the political agenda points the other way.

This Friday the call for extraordinary sessions was published, which is centralized by the

request for impeachment of the members of the Supreme Court of Justice


The project package included the

Agrobioindustrial law

, but the judicial agenda complicates the scenario.

Few have hopes that this initiative will prosper, although it would not be impossible to reach a consensus on a regulation that has already reached conceptual consensus.

The president of the Industry Commission of the Chamber of Deputies of the Nation,

Marcelo Casaretto

(Frente de Todos – Entre Ríos) affirmed that in the next few days a new plenary will be convened to advance in the treatment and approval of the Agrobioindustrial Law project , "for the benefit of the different agro-industrial productions in Argentina." It even

fueled expectations.

He stressed that the objective is "to reach

200 million tons of production of cereals, oilseeds, and legumes in 2030," and to increase exports "by 7,000 millions of dollars".

He also appreciated that this Agrobioindustrial Law seeks to "generate

270,000 jobs

in Argentina through a series of accelerated amortization stimuli, tax benefits for new investments, purchase of seeds and fertilizers, VAT refund for investments and changes in the evaluation system of the treasury for the payment of Income Tax".

The problem is another.

The key is if there is a quorum in the session

and this is highly conditioned because the opposition would refuse to enable the treatment of the trial to the 4 members of the Supreme Court.

It is likely that the president of the Agriculture Commission of the Chamber of Deputies,

Ricardo Buryaile

, will promote an opinion on the subject, because as Florencia Ricchiuti, the executive director of the

Barbechando Foundation, warned, if it is not dealt with before March 28 , the project loses parliamentary status and returns to zero pages.

But the radical from Formosa is aware that the issue that will dominate the debate is another.

“Never, under any circumstances, are two thirds going to get together to kick out the members of the Court


The rule of law is being undermined."

And despite his negotiating profile, he considered that

“in the Government they are afraid to talk about the drought, they prefer to look to the side before talking about withholdings.

They don't solve the problems."

Some trust that the Minister of Economy,

Sergio Massa

, will promote the negotiation to build

a bridge with the countryside in a difficult year, in which his presidential aspirations could be at stake.

With the cost of living indices falling for the second consecutive month, Massa took advantage of an act in Entre Ríos, where he announced economic assistance to poultry and pig producers, to say "I hope we all have

well-laid eggs

in Argentina to face inflation."

In this scenario, there are practically

no official spokespersons left to accuse the camp of the price of food.

It has been shown that all items rise and some more.

Even, as Ismael Bermúdez pointed out this Friday in


, the price of

meat pulls down the inflation average.

All in all, each start to the year arouses expectations, and this 2023 is no exception.

In times of uncertainty, since Lionel gurus, Messi and Scaloni are in fashion, it is worth remembering that the key is "not to stay down" but to get up and go out to win.

Conditions are not lacking.

As it happens with soccer,

agribusiness is one of the Argentine activities of quality and global projection.

But he still suffers from a lack of team play.

look too

Legislature 2022: less than 10% of the projects presented were linked to the field

The bill for agribusiness will be dealt with in extraordinary sessions

Source: clarin

All news articles on 2023-01-14

Trends 24h


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.