"Brazil has overtaken us": a multinational executive projected a "totally positive" future for agriculture if reforms are made
Manuel Rosasco, general manager of Stine Argentina, emphasizes the need for biotechnological advancements and reduced taxation to enhance Argentina's agricultural productivity against Brazil.
In a recent commentary, Manuel Rosasco, the general manager of Stine Argentina, highlighted the potential for a significant recovery in Argentina's agricultural sector, provided that reforms are implemented. He noted that Argentina currently faces stiff competition from Brazil, particularly in the areas of biotechnology and taxation. Rosasco emphasized the need for changes in biotechnological advancements and a reduction in tax burdens, particularly on agricultural exports, which he believes are crucial for Argentina to increase its productivity and competitiveness on an international scale.
Rosasco pointed out that the global seed market remains stable, citing a successful harvest year in the United States as a hopeful sign. However, he underlined that without strategic reforms, Argentina risks falling further behind Brazil in agricultural yields. The executive mentioned three main challenges that the Argentine agriculture sector must address to achieve growth: enhancing competition within biotechnology, decreasing tax pressures, especially on export retention taxes, and adapting to changing climatic conditions that could significantly affect production outcomes.
The insights shared by Rosasco reflect a broader concern among industry leaders about Argentina's agricultural future. There is a collective hope that the upcoming reforms will lead to a more favorable business environment that can support innovation and growth in the sector. Observers are keenly watching how these potential changes, if implemented, could reshape the agricultural landscape in Argentina, making it more competitive against neighboring countries like Brazil.