Future of Argentina’s farmers uncertain under new government

Farmers fear that Alberto Fernández will restore interventionist policies to combat soaring inflation, service billions in foreign debt and pay for promised social programs. “With government coffers virtually empty, the administration will have to look for new opportunities to raise revenues,” says Monica Ganley, Principal of Quarterra Consulting & Advisory, a global strategist for the food and agriculture industries. “And as it seeks to levy additional taxes, agriculture will be a top candidate to shoulder this load.”

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Source: Food Navigator-Latam

Categories: Macroeconomy/Finance