More than 4,000 soybean and corn producers who did not enter the Export Increase Program They will receive compensation, as stated in the list approved by the Ministry of Agriculture, Livestock and Fisheries through Resolution 1/2023, published this Wednesday in the Official Gazette.
Launching in mid-November, the program allocates $15 billion to subsidize up to $6,500 per hectare of declared soybeans and up to $20,000 for corn.
The purpose is compensate small and medium producers who could not access the “soybean dollar”for having marketed their production prior to its implementation.
After submitting the list of applicants to the Federal Administration of Public Revenues (AFIP)the tax entity returned to Agriculture the list and information of each producer to verify that they meet the requirements, including being registered in the Simplified Agricultural Information System (SISA) and having declared in it that, for the campaign 2021/2022, they had a soybean cultivation area of no more than 400 hectares, or up to 100 hectares, in the case of corn.
In the same way, they could not have made soybean sales between September 5 and 30, the period in which the first edition of the Export Increase Program, also known as soybean dollar.
Through the resolution of this Wednesday, the Secretariat expanded the list of beneficiaries eligible to access the program, extending the list initially communicated last Tuesday through the Resolution 276/2022.
“In the framework of joint work with AFIP, we managed to increase the number of beneficiaries in order to boost agricultural production throughout the country”highlighted the Secretary of Agriculture, Livestock and Fisheries, Juan José Bahillo through a statement.
To reach more producers and producers, we work together with @SergioMassa Y @AFIPComunica expanding the Strengthening program for Small and Medium Soybean and Corn Producers.
?https://t.co/HrDfgIWpdQ— Juan José Bahillo (@JuanjoBahillo) January 4, 2023
He explained that “in the framework of joint work with the AFIP, we managed to increase the number of beneficiaries in order to boost agricultural production throughout the country.”
As can be seen from the lists attached to the resolution, 4,283 small and medium producers will receive compensation, 2,500 more than originally stipulated.
The subsidy averages $843,680 for each producer for a total sum of $3,613,482,000.
“We are fulfilling the commitment that the fund raised by the soybean export promotion program returns to the agricultural sector to generate an increase in our production and exports for next year, but also to protect and benefit the sectors who could not participate in the program because they are the smallest producers and the first to sell”, the Minister of Economy, Sergio Massa, had pointed out when announcing the initiative.
The benefits are made by bank transfer to the Uniform Bank Codes (CBU) declared.
