In Argentina, the president-elect, Javier Milei, has expressed his support for the agricultural sector and promised to take measures to benefit it. He intends to eliminate withholdings and intervene in the market to promote growth in this key sector. With 70% of its total exports coming from agriculture, this move is expected to have a significant impact on the country’s economy.
Milei’s government will focus on shrinking the state and eliminating taxes to support agriculture. To oversee these policies, Milei has appointed Fernando Vilella, an academic and former dean of the UBA, as well as other professionals from the agricultural sector. Vilella presented a paper outlining the main policies needed for sustainable growth in agriculture based on bioeconomy principles.
The Argentine Rural Society and Argentine Rural Confederations have expressed their support for Milei’s government and its intentions to make a radical change in current agricultural policies. They hope that by lowering and eliminating taxes, there will be growth in Argentina’s agricultural sector soon.