They estimate that agribusiness invested more than 9,000 million dollars in 2019

0
3
They estimate that agribusiness invested more than 9,000 million dollars in 2019




The preserves are a photo, since they serve for a moment of the machinery company. This is even clearer in inflationary periods.


© Provided by Clarín
The preserves are a photo, since they serve for a moment of the machinery company. This is even clearer in inflationary periods.


The Rosario Stock Exchange estimated that the agro-industry invests US $ 9,160 million per year in the Argentine economy, including exemptions in construction, machinery and transportation equipment (leaving aside seeds).

A large part of the investment made in the Argentine economy, year after year, corresponds to both residential and non-residential construction. According to INDEC data, andl 62% of the investment in 2019 was assigned to construction. The rest of the Gross Fixed Capital Formation (GFCF) is grouped into machinery, equipment and transportation. This classification arises from the considerations taken in the measurement of the national accounts, prepared by INDEC. According to these calculations, in 2019 the total investment reached a value of 60,213 million dollars.





© clarin.com



Thus, according to the Rosario Stock Exchange, in the Valverde methodology (2018) a participation of the investment of the agriculture and fishing sector is applied, to 9.5% of the total investment in machinery and equipment and 6.8% of the investment in non-residential construction. Agroindustry participation in machinery and transportation investment is close to 20.8% and 11.8% of total construction.

Applying these participations to the raw data of INDEC, added to the investment in other assets, we arrive at a total investment of the sector of the order of 9,160 million dollars in the year 2019.

“Based on the data obtained in a preliminary way, it can be inferred that investment in agribusiness had a strong correlation with the aggregate VA of the sector. This means that, as the field and the industrialization of these products were generating a greater added value, the necessary investments were made to continue increasing and maintaining this production year after year. “, remarked the entity.





© clarin.com



In this sense, they remarked that there was a significant drop in the values ​​calculated for 2018 and 2019. “The reduction in investment in these years had to do with several factors that came together at the time, such as the most important drought in In the last 50 years, in 2018, the increase in the domestic interest rate, lower international prices of commodities and the increase in the exchange rate and the increase in export duties in various sectors of the agro-export matrix “, listed.

In 2019, it should be noted that despite higher agricultural production, investment in the sector continued to decline. The fall in investment in the sector in 2018 and 2019 can be corroborated with other indicators, such as the patenting of heavy commercials and trucks, the sale of agricultural machinery or imports of capital goods in general.

LEAVE A REPLY

Please enter your comment!
Please enter your name here