“Let's Remember Where We Come From”: Nicolás Pino Backs Economic Course and Suggests the Field Doesn't Need a Higher Dollar

Nicolás Pino, president of the Argentine Rural Society (SRA), has asserted that Argentina's agricultural sector does not require a higher dollar exchange rate. Instead, he stressed the necessity of a stable, unified, and predictable currency system to foster production, investment, and trade under consistent rules.

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The producer needs it to be even more than a number.

Pino made these remarks during a lunch hosted by the Rotary Club of Buenos Aires, where he praised the exchange rate normalization achieved over the past two and a half years as a significant advancement for agriculture. While endorsing the economic direction of President Javier Milei's administration, he pointed out ongoing challenges, including the complete elimination of export taxes, reducing tax burdens, and tackling the "Argentine cost."

He further elaborated that producers prioritize predictability over a specific dollar value, seeking a logical exchange rate that allows them to sell at prices consistent with their input costs. Pino recalled that currency gaps previously reached 200%, a distortion he deemed more detrimental to some productions than export taxes. He summarized that a unified exchange rate is more crucial than its exact valuation.

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We don't ask for anything strange, but we ask for that.

Pino believes that such predictable conditions, coupled with fair and clear rules, would help address structural economic issues like infrastructure and reduce the high "Argentine cost." He criticized the complex web of national, provincial, and municipal taxes, noting that producers often pay for services they do not receive, significantly inflating their operational expenses.

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As producers, we know we don't need much more than clear and fair rules. All we do is ask for those rules to gain more competitiveness.