Unprecedented: Government launched loans for the countryside that can be paid with milk and soybeans

The national government presented Two new lines of credit aimed at the soybean and dairy sector with the aim of and the novelty is that they are Payable in tons of soybeans and liters of milk. The objective is Promote the technical development and competitiveness of the agro-industry It was reported that “this unprecedented initiative is being carried out through the Investment and Foreign Trade Bank (BICE) and can be replicated in all financial institutions.” It has a maximum amount of up to $300 million per applicant and offers up to 60 installments.

It seems that that phrase of Chancellor Diana Mondinowhich began a few months ago with the idea that one can pay with any instrument, including products in Argentina, seems to have its first reflection in reality by offering the possibility of paying off credits with milk and soy.

As they explained, allows producers to pay in pesos for a fixed monthly amount of product according to the reference price at the time of paymentwhich provides predictability and strengthens the development of strategic investments with high export potential.

The announcement, which It was held at the Government House of the Province of Córdoba The event was headed by Governor Martín Llaryora; the national secretaries of Agriculture, Livestock and Fisheries, Sergio Iraeta, and of Production Coordination, Juan Pazo; and the provincial Secretary of Bioagroindustry, Sergio Busso, who presented the tools and detailed their impact on agroindustrial production.

A line of credit tied to the evolution of production

These credits, which are being launched for the first time on the local market, They allow thousands of soybean and dairy producers from all over the country to take on credit commitments for productive investment tied to the cycle and price variables of the business..

In the case of soybean loans, the quota is set in tons of product and is paid in pesos taking the value of the “Soybean Price” from the day before the time of payment.

The loan, allocated to investment projects, such as the purchase of new equipment and the construction of production facilitiesis granted with a flexible term of up to 60 months, that is, it follows the evolution of the price of soybeans. This means that when the price of the product falls, the credit term is extended and when the price rises, it is reduced.

It is executed through BICE: maximum amounts and details

The line runs directly through BICE and has a maximum amount of up to $300 million per applicant. It is aimed at individuals (with SGR or Public Guarantee Fund endorsement) or legal entities that are Micro, Small and Medium Enterprises with a valid MiPyME certificate at the time of granting.

For its part, The line for the dairy sector offers credits granted in UVA payable in liters of milkThis means that the fee is set in liters of product and is paid in pesos taking the SIGLeA value of the day prior to payment.

This new financing package complements the one launched at the end of July, which already granted the first loans to dairy producers in Córdoba and Santa Fe.. In this case, like the line for soybeans, it offers an amount of up to $300 million per company and also has a period of 60 months, to be extended or reduced according to the evolution of the price of milk.

With this new instrument, which It is executed directly through BICE, and it is sought that SMEs in the dairy sector can acquire robotic and rotary milking systems, room automation, monitoring systems, refrigeration tanks, pasteurizers and improvements to facilities, among other investments that allow them to modernize and enhance their production.