The Argentine Rural Society warned about the crisis that cattle farming is experiencing

Published 2022년 12월 27일

Tridge summary

The Argentine Rural Society (SRA) has expressed concern over the critical state of Argentina's cattle farming industry, which has struggled against inflation and other economic challenges, including drought, leading to a decrease in nominal prices and an increase in bovine meat supply by 5%. In 2022, the industry faced various hurdles, including economic slowdown in major purchasing countries, high inflation, a deteriorating exchange rate, and market distortions. The SRA has called for the removal of barriers to exports, lower tax and financing pressure, and unified exchange rate, alongside provisions for affected producers such as tax extensions, credit access, and benefits for forced sales. Owing to these challenges, the future of the industry, particularly in terms of the availability of calves for weaning in 2024 and the potential impact on slaughter weight, remains uncertain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farm prices lagging behind inflation is the main factor hurting activity. They ask to eliminate the obstacles that still exist to exports, reduce the tax pressure and financing. The Argentine Rural Society (SRA) issued a statement prepared by its Meat Commission in which it warned about the critical situation that cattle farming is experiencing, which "lost against inflation and ends the year red hot." According to the SRA, 2022 is closing with numerous negative aspects in the balance, which inevitably "will leave factors that will condition activity in the coming months." The main factor that plays against the activity, according to the SRA, is that in a complex economic context, standing farms brought back their nominal prices, which fell with respect to inflation. LOOK "A close of the year to be forgotten": the feedlots, complicated by the 'soybean dollar 2' Meanwhile, "activity was also affected by a cooling of the economy of the main purchasing countries, by the deterioration ...

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