“Roberto Feletti, Secretary of Domestic Trade, continues to bet against the law of gravity with different forms of Chavista interventionism, this time with a new instrument: a trust, which is a covert withholding under another name,” the producers said in a recent statement.
“Does Feletti not ask why Paraguay and Uruguay do not need to decouple prices, charge withholdings, unfold exchange rates and still grow, do not have inflation, reduce poverty, consume more and more meat and milk?” they added.
“8,000 dairy farmers cannot subsidize 45 million Argentines. The same goes for the (less and less) producers of wheat, corn or cattle”, they expressed without euphemisms. But they were not the only ones. The Rural Society also expressed its rejection: “From the Rural Society we reject this trust because it again interferes in the markets, distorts price formation and its implementation is not very transparent. It harms all the links in the chain,” argued Nicolás Pino , president of the entity.
In addition, the producers argued that the Government turns a deaf ear to the requests of the private sector. “The implementation of a compensatory trust that always ends up paying the producer”, detailed from the entity.
The trust or compensatory fund would cover all companies exporting corn and wheat and their processed by-products. These will make contributions that are estimated at a maximum of USD 150 million per year for the compensation of internal prices.
“At a time when drought is ravaging much of the country, such a measure is suicidal. We understand the problems of poverty that the country is going through and we believe that there are other public policies to solve this issue, but not a trustPine concluded.
Source From: Ambito

David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.