Export Tax Update The Argentine government has officially issued a decree extending the reduction of export taxes for wheat and barley, while restoring previous rates for corn, soybeans, and soybean by-products. Much of the agricultural sector remained hopeful until the last minute, amid rumors that the administration considered prolonging the tax break. However, with foreign currency reserves in a precarious state, authorities ultimately prioritized revenue needs. Anticipating the end of the reduced tax period, exporters rushed to file export permit requests. Export sales reached 20 MMT for corn, 17 MMT for soymeal, 6.5 MMT for soybeans, and 4.1 MMT for soyoil — representing a substantial share of the exportable surplus, approximatel...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.