A proposal to the Minister of Economy to pay the debt with the field

I just wanted to wish a Happy New Year and make it very short. It is not a matter of continuing to stretch 2019. Let him go and bye.

But Martín Guzmán, the brand-new Minister of the Economy, crossed me when he invited us to throw ideas at him to face the debt. I know that the call is limited to experts and consultants in finance, so I do not give the category. However, José Larralde taught me that asking for permission can say anything.

The new Fernández government, under the magnifying glass of Ignacio Miri.
“Permission I said when I dented, and the permit has been given to me. RIspeto to which he invited me and I appreciate his friendship and aura that I am going to sing, since the turn has touched me I want to make it clear that my verses are not resquemores my pains are in 6 strings enredau ”

So I encourage you, Martín. You must have already received my mail to the address you indicated. But I owe it to my audience, so I’m going to reveal the idea that I created and rallied with a friend. They seemed odd, but not so crazy. Here I go: To pay the debt you need a flow of exports. This is my strong point: I have been a communicator on agricultural issues for half a century. From the pages of Clarín Rural we have accompanied the Second Revolution of the Pampas. Some have honored us by saying that we have also been protagonists, contributing information and ideas to an epic of technological and organizational change that is expressed in tangible achievements. We went from 45 million tons of grain in the mid-90s, to almost 150 million this last campaign.

Yes, we triple in volume. But we quintupled in value, because now a third of everything is soy, which also becomes strategic industrial derivatives: flour, oil and biodiesel. And practically all the growth became currencies.

It was not magic. On the contrary, because it was also done without any plan. Or, rather, suffering the only consistent plan: to systematically capture the surplus generated by the most competitive agribusiness cluster on the planet.

Huge investments upstream and downstream. From seeds, fertilizers and machinery, to gathering and ports with their crushing plants. In the middle, the silobolse, the trucks, the tires, the gummies. Industrial parks in the interior that – as Atahualpa said, who also asked for permission – grew up without making noise, pressed against the weeds and thus holding the pampero.

Above, there was a market. And there is. The world is difficult, it is very competitive and nobody gives anything away. But in this jungle, agribusiness made its way to machetes. And today it exports to more than one hundred countries that know that when we go out to the market, there is nothing to give to these Pampas. 60% of currencies come from this activity. Facts: Yesterday, grain exporters reported that the liquidation of currencies in 2019 that goes away was almost 24,000 million dollars.

And demand will continue to grow. We are adding markets and products. The beef revival, which this year surprised with 3,000 million dollars tripling what was expected a couple of years ago … Well, enough of recitals and we are going to the proposal I sent to Martín Guzmán.

1.- Reduce substantially the retentions. It is essential for the process to recover dynamism. Without them, agribusiness flies. It could be left that 3% that always had soy beans, wheat and corn, but zero those of industrial derivatives. This more than reverses in production, because exporters “kill each other” by a grain truck and end up starting the differential to the market.

2.- Replace the collection by withholdings, by a system that I call “Right to Produce” and would operate as a forced saving. The State delivers bonds for the amount paid for this Right to Produce (sic). That bond would pay a minimum interest and can be issued at ten, twenty or thirty years.

I put numbers: 400 million dollars per month, fixed and immovable, and do not stretch. They are 5,000 million dollars per year. As production will grow by 10% per year, the effect of this right will fall by half in less than a decade. And so it would be close to the income tax, that 35% that implies tax justice or equality before the law.

3.- With the mass of resources generated, a fund is created that is deposited month by month in a foreign financial institution. The only destination of this fund will be to cancel the debt with the IMF, 50 billion dollars in ten years. Will Kirstalina like the idea? I would say that pior is nothing.

Richard Addington

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