Area
Argentina
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/05/2017
Policy Category
Production
Policy Instrument
Agricultural Policy
Description
Set the level of subsidies provided to soybean farmers in the countrys disadvantaged northern regions at ARS 290 per tonne.
Notes
Argentinas Ministry of Agriculture determined that the subsidy provided to soybean farmers in the countrys disadvantages northern regions will amount to ARS 290 per tonne (USD 18). Farmers producing up to 2 000 tonnes will be entitled to have their entire production subsidized, whereas caps will be applied to larger producers. For the 2016/17 campaign, the Government budgeted total outlays under the programme at ARS 1000 million (USD 62.9 million). As part of efforts to revitalize the economy of the countrys northern regions, the Government also awarded new contracts to lay railway tracks in the provinces of Jujuy and Salta. Argentinas northern provinces are viewed as one of the few areas with potential for grain and oilseed production to expand, especially assuming improved transport infrastructure. Currently, the region accounts for about 10 percent of national soybean output.
