If withholdings are eliminated, “the fiscal impact is balanced in 4 years”

“As export duties are collected by the national State, for the provinces the positive effect would be immediate, because Greater activity would result in higher taxes“, highlighted the team led by the economist Julio Calzadain the Directorate of Information and Economic Studies of the BCR.

The event was headed by the president of the Rosario Stock Exchange, Pablo Bortolato and the governor of Santa Fe, Maximiliano Pullaro; who were accompanied by the National Director of Agriculture, Jorge Gambale; local authorities and directors of the Liaison Tableamong others.

The batch of soybeans from Formosa was purchased for $1,800,000 by representatives of the Banco Macro and the amount will be donated to charitable entities. The lot, produced by Santa Cecilia SRL on an area of ​​630 hectares, was planted with the DM60i62 IPRO variety on September 1, 2025 and harvested on February 2, 2026. The collection and marketing were in charge of Ojeda Agropecuaria SA, with Ariel Rubén Ojeda as broker; The physical delivery was coordinated by Williams Entregas SA, and the unloading took place at the Renova SA plant in Timbúes, Santa Fe. The net weight of the shipment was 36,000 kilograms.

The surplus on the price of slate ($430,000 per ton) will be donated to UNICEF Argentina to accompany a project for access to safe water in rural communities of the Gran Chaco. The donation is made within the framework of the work that the BCR has been promoting from the Presidency of the Business Council for Children and Adolescents (CEIA) of UNICEF, which promotes coordination between the private sector and the international organization for children’s rights.

The study on withholdings compares a base scenario—with the current rates—against another in which withholdings are gradually eliminated over two years. Under the current scenario, Total grain production is projected to reach 165 million tons by 2036with exports of 112 million tons and a value close to 44,000 million dollars. However, in a scenario without retentions, production could rise to 183 million tonsexports to 126 million and the exported value to about 50,000 million dollars.

The projection was developed from the model AGMEMOD Argentinaan economic projection tool used internationally and adapted by the institution to the particularities of the country, which allows simulating different scenarios and projecting the evolution of key agricultural variables over a ten-year horizon.

This growth would be accompanied by an expansion of the planted area, estimated at 2.2 million additional hectares (particularly soybeans, corn and barley) driven by better economic incentives for the producer.

In fiscal terms, the analysis shows that, although the national State would face an initial drop in revenue due to the elimination of export duties, The increase in economic activity would allow this loss to be compensated through other taxes..

For the Nation, the increase in the collection of other taxes generates that From the fourth year after elimination the net result is positive. That is, from the fourth year since the elimination of DEX, the expansion in surface area, production and general economic activity makes the collection of the National State higher in the DEX elimination scenario than in the base scenario.

Incorporating the collection of the provinces into the analysis, towards the second year of the elimination scenario, the consolidated fiscal result would begin to balance, and By 2036 the total balance between the Nation and provinces would be positive.

In detail, the report estimates that the additional collection derived from economic growth would exceed by approximately 1.3 billion dollars to the loss from withholdings towards the end of the analyzed period, with a contribution close to 300 million dollars for the Nation and around 1,000 million for the provinces.

The work also highlights the multiplier effect on the economy, from higher levels of investment, demand for inputs, commercial activity and port movementwhich reinforces the role of the agroindustrial sector as an engine of value generation and fiscal resources.