Argentina: Without RIGI and after a devastating drought, producers invested 15 million dollars in planting grains

Two specialists from the Rosario Stock Exchange (BCR), Franco Ramseyer and Emilce Terré, calculated how much money the Argentine agricultural sector invested to achieve the grain production that is now being processed and exported, and which allows to sustain a good part of the scaffolding of the fragile local economy: the account gave them that some 15,024 million dollars were buried for the 2023/24 campaign, the second highest amount in at least eight years. The data becomes more relevant if one knows that the agricultural sector does not enjoy any special framework to stimulate investments, such as the recent RIGI launched by the government to benefit the landing of projects of more than 250 million dollars; that high retentions still persist that take away a large part of its income; and that to make that investment the producers came from a devastating drought, which had made them lose half of their crops in the 2022/23 cycle. Despite all these factors that play against it, ...