Beef producers in Argentina are concerned about the future of the sector

Published 2022년 12월 8일

Tridge summary

The Argentine Chamber of Beef Producers has highlighted a decoupling between the value of farms, inputs, final products, and inflation over the past 11 months, with the INMAG adjustment being only 30% year-on-year as compared to input price increases exceeding 60% in many cases. The ongoing drought is further impacting production prospects, leading to reduced pregnancies, fewer weaned kilos, and lower fattening rates. The chamber is calling for an agricultural emergency declaration and is advocating for taxes to be eliminated or deferred, and soft credits for input and food purchases to help producers in this critical situation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"During the last 11 months, all the indicators clearly show a decoupling between the values of the farm, inputs, final products and inflation," they said from the Argentine Chamber of Beef Producers in a statement released this Wednesday. . The document indicates that the year-on-year adjustment of the INMAG (Agricultural Market Steer Index) barely reaches 30%, while inputs have marked adjustments of more than 60%, even reaching values above inflation in most cases, which according to data officers accumulates 87% in said period. "The prolonged drought - added the statement - still affects most of the national territory and the productive prospects for the coming years will be limited after the reduction in pregnancies, the decrease in weaned kilos and the drop in fattening, which added at prices well below costs will undermine the viability of production”. In short, from the Chamber they ask the competent authorities "to act accordingly by declaring an agricultural emergency and ...

Source: ARabc