Argentine

Argentine invests $3.5 billion to support poultry and swine producers

The initiative compensates with $30,000 per ton of feed for animal fattening purchased between November 28 and December 30.

Posted on Jan 20 ,04:57

Argentine invests $3.5 billion to support poultry and swine producers

The Minister of Economy, Sergio Massa, the Governor of Entre Ríos, Gustavo Bordet, and the Secretary of Agriculture, Livestock and Fisheries of the Nation, Juan José Bahillo, announced the Argentine Productive Strengthening Program for pig producers and poultry, during an event in the province of Entre Ríos.

The Argentine Productive Strengthening Program has three components, one for pig production, another for poultry, and the last one for eggs, with the aim of compensating for the difference in prices that producers had to face when buying soybeans or their equivalents in by-products or balanced feed.

In this sense, the program will allow:

  • Pork producers with fewer than 1,000 sows to receive compensation of $30,000 per ton of soybeans, or their equivalents in by-products or balanced feed, purchased between November 28 and December 30, 2022. Reaching 98% of the producers, establishing a maximum limit of $5 million in the amount to be compensated.
  • Poultry meat producers receive compensation of $30,000 per ton of soybeans, or their equivalents in by-products or balanced feed, purchased between November 28 and December 30, 2022. Thus reaching 100% of the producers and the producers without any maximum limit for the amount to be compensated.
  • Egg producers receive compensation of $30,000 per ton of soybeans, or their equivalents in by-products or balanced feed, purchased between November 28 and December 30, 2022. Thus reaching 100% of producers and producers without any maximum limit for the amount to be compensated.

The calculation of the tons to be compensated will be made considering:

  • - The monthly average of pork produced between the months of October 2021 and September 2022 of each producer and the tons necessary to produce that average volume of meat resulting from their past performance will be compensated in a single payment.
  • The monthly average of chickens sent to slaughter between the months of October 2021 and September 2022 of each producer and the tons necessary to produce that average monthly meat volume resulting from their past performance will be compensated in a single payment.
  • The monthly average of eggs marketed between the months of October 2021 and September 2022 of each producer and the tons necessary to produce that amount of monthly average eggs resulting from their past performance will be compensated in a single payment.
  • The Minister of Economy, Sergio Massa, and the Governor of Entre Ríos, Gustavo Bordet, signed an agreement within the framework of the Argentine Livestock Plan "Plan Gan.AR" for $400,000,000 to finance actions related to health and reproductive biotechnologies, facilities for managing livestock and animal welfare, property infrastructure, implementation of pastures and verdures, conserved fodder and strategic feeding, incorporation of livestock genetics for reproductive purposes, incorporation of livestock technology and connectivity.

In addition, contributions corresponding to the National Value Added Program for Agroindustrial Cooperatives (CoopAR) were delivered to 13 cooperatives for a total amount of $442,406,463.

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