In a move to boost the agricultural sector, Argentina’s incoming president-elect Javier Milei has expressed his support for the industry and promised to eliminate withholdings and intervene in the market. The government is set to focus on reducing taxes and shrinking the state, with the agricultural sector representing 70% of Argentina’s total exports.
To oversee these policies, Milei has appointed Fernando Vilella, an academic and former dean of the UBA, along with other professionals from the agricultural sector. Vilella presented a paper outlining key policies needed to increase production and make agriculture more sustainable through the bioeconomy.
Both the Argentine Rural Society and Argentine Rural Confederations have expressed support for Milei’s government and its intentions to work together towards a radical change in current agricultural policies. They are calling for lowering or eliminating taxes in order to see growth in the country’s agricultural sector.