Home » Business » Credits in liters of milk: The government delivered “zero rate” loans in Santa Fe with a subsidy from the province

Credits in liters of milk: The government delivered “zero rate” loans in Santa Fe with a subsidy from the province

The Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Home Economy and the Bank of Foreign Investment and Trade (BICE) delivered today the first three credits in liters of milk to producers in Santa Fe who have a “zero level” thanks to the bonus which was provided by the provincial government. They were announced within the framework of the Rafaela Rural Expo, where the bank participated in a technical working group to publicize the financing tools designed to develop the dairy sector.

One of the companies is Las Margaritas Agropecuaria, a company from the town of Diaz, San Jerónimo department (south-central of the department), which approved financing for more than $140 million to recover milking equipment, cold and heat. . With the investment, the company that supplies milk to the Verónica SACIAFEI dairy will double its milk production capacity.

The other projects are for two companies in the city of Eusebia: Beltramino Agropecuaria and Beltramino Raúl Tito – both suppliers to the power plant Miguel Peiretti SRL-. Each company received a loan of $250 million to purchase a robotic milking system that will increase their productive efficiency.

The new credits were announced today at the “Financial Schedule for the dairy sector” organized by the Ministry of Agriculture, Livestock and Fisheries, the Government of the Santa Fe Region, BICE and CASFOG, during the rural exhibition held in Rafaela. During that meeting, the bank detailed the features and conditions of credits in liters of milk for the sector and also the classic credit tools to finance investment, foreign trade and working capital.

The line in liters of milk was launched by the Ministry of Economy and BICE to promote investments and modernization of the dairy sector. The machine converts the value of the quota at the time of payment to the value of the milk price (SIGLeA) and the essential condition is that producers work with plants that comply with the framework agreement with the Directorate of Milk National.

The destination is investments and equipment purchases, such as robotic and rotary milking systems, room automation, monitoring systems, cooling tanks, pasteurizers and facility development, among others. The line has a term of up to 5 years, a grace period of up to 6 months and a SIgleA rate of + 5%, which is in the case of the Santa Fe region and thanks to the agreement signed between BICE and the local Ministry. of Productive Development, the credits are fully subsidized and are not without additional cost to the producer.

Since its launch, 207 projects have already been studied, 187 pre-approved, almost 30% of which are located in the Santa Fe region.

2024-09-20 19:27:38
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