July 29, 2014
Prudence not avarice, Liasion Board tells gov't
The Liaison Board rejected today Federal Government accusations who described rural producers as “miser and speculative,” arguing that “we are acting with prudence and not with avarice,” the official press release said.
“It is a market where all its inputs are tied to an unknown future dollar price, with an inflation rate surpassing 30 percent,” explaining the reasons behind the decision of some farmers to stockpile their grain production.
In that sense, the Board members added that “the government is looking for someone to blame for its own mistakes, as it always does.”
Therefore, they urged President Cristina Fernández de Kirchner administration to carry out “an anti-inflationary policy,” to stop “wasting the national reserves” and to stimulate “the production giving signs of trust.”
Earlier this morning, Cabinet Chief Jorge Capitanich questioned “top agricultural producers” for not selling their output due to “miser and speculative” reasons.
The Fernández de Kirchner administration is keen to see a new injection of foreign currency following the devaluation process that took place in the past days, combined with a steep decline in national reserve levels.