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Economy allocates part of the fund created with the soybean dollar to encourage the wool industry

Economy allocates part of the fund created with the soybean dollar to encourage the wool industry

Economy will allocate up to $1,500 million for the Program and the Ministry of Agriculture will approve the list of beneficiaries and will determine the corresponding compensation, in accordance with the official text, previously verifying that those who enter the list meet the admissibility requirements of the procedure by the person concerned and based on the information provided by the Food Health and Quality Service (SENASA).

The Ministry also established that the liquidation and payment of benefits will be carried out periodically, depending on budget availability, from the effective date of the measure and until March 31, 2023, using the transfer as the exclusive means of payment. to the Uniform Bank Codes (CBU) declared by the interested parties.

The objective of the Export Increase Fund

With the resources of that Export Increase Fundthe Government aims to finance, among other issues, programs that stimulate the production and development of small and medium producers of regional economies, as in this case, the wool.

Last October, the provinces of Río Negro, Neuquén, Chubut, Tierra del Fuego and Santa Cruz requested support for small and medium sheep wool producers to “approach the economic equilibrium point of their establishments”, indicated Economía.

A month later, Buenos Aires was added to these provinces, since the Patagones party shares the same sanitary region and has similar agroecological conditions as the other districts.

According to the Palacio de Hacienda, the reasons that founded the provinces are related to the “progressive fall of the international prices of wool, aggravated by the Covid 19 pandemic, and which, currently, in a global inflationary context that prioritizes lower-cost synthetic products, further aggravates the situation of many small- and medium-scale producers”.

Official data indicates that in the patagonian region there are 8,341 sheep producers, with a declared stock of 6,925,692 heads; This area of ​​the country contributes approximately 70% of the national wool production.

In addition, almost 100% of the Patagonian production is exported, mainly as washed and combed wool and to a lesser extent as dirty wool.

Source: Ambito

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