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Argentina Interest rate

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  • ColevilleH2S
    Senior Member
    • May 2007
    • 1650
    #1

    Argentina Interest rate

    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
    Tags: None
    • Klause
      Senior Member
      • Sep 2010
      • 3644
      #2
      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.

        Comment

        • Klause
          Senior Member
          • Sep 2010
          • 3644
          #3
          Examples


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


          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

            Comment

            • ColevilleH2S
              Senior Member
              • May 2007
              • 1650
              #4
              Originally posted by Klause View Post

              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.

                Comment

                • Klause
                  Senior Member
                  • Sep 2010
                  • 3644
                  #5
                  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.

                    Comment

                    • farming101
                      Senior Member
                      • Mar 2011
                      • 3954
                      #6
                      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

                        Comment

                        • Klause
                          Senior Member
                          • Sep 2010
                          • 3644
                          #7
                          Originally posted by farming101 View Post
                          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.

                            Comment

                            • the big wheel
                              Senior Member
                              • Mar 2017
                              • 3860
                              #8
                              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.

                                Comment

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