Argentina Interest rate

[ColevilleH2S]

Interest rate now at 40%. The heck with farming in Argentina, go there and lend money to farmers.

https://www.theguardian.com/business/2018/may/04/argentina-pushes-interest-rates-to-40-to-defend-the-peso

[Klause]

Farm interest is subsidized and the rest is in USD...


Don't read into bullshit north American outlets are feeding you.


The US is behind this. Be interesting to see if China will allow it.

[Klause]

Examples


https://www.bancor.com.ar/718_APP/empresas/préstamos/agro-industria/insumos-agrÃcolas/ https://www.bancor.com.ar/718_APP/empresas/préstamos/agro-industria/insumos-agrÃcolas/


Bancor

Terms and interest rate

Interest rate
Up to 6 months 10.00% TNA
Up to 9 months 13.00% TNA
Up to 12 months 14.00% TNA

[ColevilleH2S]

Terms and interest rate

Interest rate
Up to 6 months 10.00% TNA
Up to 9 months 13.00% TNA
Up to 12 months 14.00% TNA

Wow, and people here complain about FCC giving farmers prefered interest rates.

[Klause]

Banco Galicia is basically the rural farmers bank.

They do all agro stuff... And they do a heck of a lot more than Canada's chartered banks because farm businesses are more diverse there
http://www.bancogalicia.com/banca/online/web/Rural/ProductosyServicios/FinanciacionCortoPlazo http://www.bancogalicia.com/banca/online/web/Rural/ProductosyServicios/FinanciacionCortoPlazo



Rates 1.5-5.77% USD 9-17% peso.

[farming101]

Ag is the lifeblood of Argentina.
As the farms go, so goes the country.
In 2016 around 17 billion US in Soybeans, meal and oil exported
Over 45 million tonnes of soybeans, meal and oil estimated to be exported in 2017
That's why beans are better than cash in Argentina

[Klause]

Ag is the lifeblood of Argentina.
As the farms go, so goes the country.
In 2016 around 17 billion US in Soybeans, meal and oil exported
Over 45 million tonnes of soybeans, meal and oil estimated to be exported in 2017
That's why beans are better than cash in Argentina

Yep.

And they realize ag is their biggest and best source of foreign currency


Something lost on Canada... We used to talk about it here up till the late 90s. Then we started this stupid print money game that will come back to bite us.

[the big wheel]

Some people don't understand that the shift away from ag is due to politicians that are bought off by oil companies. When that happens everything else becomes secondary. For example oil doesn't want any other industry developing here because there wouldn't be the manpower to do oil. Etc etc.

It's laughable how even on a farming forum so many farmers would almost die to protect oil. Do rumours really think oil will fail without your help? Hahaha
No but farmers will and are as individuals. Because we are all treated as a whi cares someone else will farm it anyways.