The farmer today wonders. What can I plant? How can I plan the planting of corn, rice if I do not have certified seeds in the coming sowing cycle, how to maintain the herds if I do not have the inputs of nutritional and sanitary management, the farmers do not have the guarantee the supply of balanced feed for laying hens, broilers or the care of a first batch of young pig mothers, such as implementing routine breeding, fertilizing and replacing new coffee trees, planning short-cycle cultivars of vegetables , potatoes, onions, carrots that require all the inputs provided before starting the sowing, such as undertaking the control of pests and diseases of bananas, bananas, fruit trees, citrus, repairing the motor of the boat to continue catching fish in the open sea or in the channels of the llaneros rivers.
These questions of farmers to undertake their daily activities, concerns in the creative activity of how to produce, which is carried out with its limited financial and material resources, how to do it, how to continue in the commendable work of harvesting food to provide it and be taken to the table of all Venezuelans at fair prices, obtaining an economic benefit from the primary activity that allows them to maintain the primary activities of the production unit, productive sustainability and economic stability for the agricultural family.
National agriculture has maintained a heroic resistance to an import and agribusiness policy carried out by the State itself and with preferential dollars the most ferocious during 16 years of oil bonanza, with the crisis of oil rentism in the last four years and the lack of of availability of foreign exchange to import, farmers are currently the heroes who have guaranteed the food supply at the table of Venezuelan workers, given the rise in production costs, the agricultural area and production records have decreased, given the depressed demand for food due to the loss of purchasing power of wages and pensions of workers with an income of one dollar a month, typical of medieval societies and slave owners, currently the price of the basic food basket of the latest CENDA report is 231 million of bolivars equivalent to $ 294 for the monthly support of the Venezuelan family.
Agricultural activity is committed today, it is the brave National Agriculture that stood upright in the face of the most brutal importation and agribusiness during sixteen years of oil bonanza, without any protection from the Venezuelan State, it is the agriculture that we have, the only one The guarantor of the food on the Venezuelan table, it is the one that has sustained the food supply in the last four years, in the face of the oil rent debacle.
Currently agriculture presents great difficulties not only because of the scarcity of fuel that is essential, it is practically paralyzed by hyperinflation, a terrible economic phenomenon that threatens the stability of investments, their productivity and profitability, currently all production units are in good condition. of survival, with operational activities at low production levels, which only allow to maintain their facilities, to face not being robbed by the underworld.
The national government, in its current economic policy, is responsible for the economic phenomenon of hyperinflation, having established the liberation of prices for the supply of goods and services, imposed dollarization, as a measure of guaranteeing food items on the market shelves national, neoliberal economic measures that sought to supply goods and services at dollar prices and control inflation, the result obtained is quite the opposite, they created a monster with a thousand heads, a hyperinflation that imposes a dollarized economy on a domestic market where there is no flow of foreign currency, the consequence of the shortage of dollars is the result of the lack of production and export of oil from the first exporting company PDVSA, coupled with the financial and political coercive measures executed by the US government and its allies, that have deepened the political, economic, and social crisis, hitting more growth As the impoverishment of Venezuelan society, today we are faced with the historical fact of the economic bankruptcy of a country.
Hyperinflation unleashed an uncontrollable price index of agricultural inputs, it is no longer the market supply and demand that sets the prices, now the prices of seeds, fertilizers, agrochemicals, medicines, balanced foods, spare parts, lubricants are fixed In dollars by the posters who announce the change from day to day and from morning to afternoon, the devaluation of the bolivar against the dollar has unleashed a speculative action, a commercial conduct without control and ethics, Venezuelans and farmers are robbed, robbed , in the face of a phenomenon that only occurs in this Country, where there is no guarantee of the prices of goods and services in its national currency, the bolivar, and none in Colombian pesos, dollars or euros.
Farmers are without financial resources, undercapitalized, without material resources in their warehouses, obsolete machinery, without seeds, without fertilizers, without agrochemicals, they do not have the tool of agricultural credit, Venezuela is the only country in the world without agricultural credit, Despite having the legal norms established in the National Constitution in articles 305 and 306 that guarantee financing for sustainable agriculture, laws that guarantee the agricultural portfolio that by Law was established by Presidential Decree of President Chávez in 2001, where Farmers had 30% of the gross portfolio of loans from public and private banks, a measure that was ratified in 2008 by Presidential Decree such as the Agrarian Sector Credit Law, an advance in the rights to request financing of the farmers, regulated the provision of financial services, in its preamble contains “” The Credit Law for the Agricultural Sector, it manages to consolidate the agricultural sector and promote the sustainable development of national production, fulfilling the strategic objective of the sovereignty and agri-food security of the Nation. “”
If we farmers have legal regulations, which oblige the financial system to grant loans, because these regulations are not currently being met, for the reason that the national government, in its measures for inflation control and controlling the entire loan portfolio of public and private banking, in 2020 I asked the National Constituent Assembly for a Law that would place in a single bag all the financial resources of the credits for all the agri-food, manufacturing, tourism, health and mortgage sectors, they called it CONSTITUENT DECREE THAT CREATES THE PRODUCTIVE PORTFOLIO that was published in official gazette 6507 dated January 29, 2020, in its article 4. It creates a Steering Committee of the Single National Productive Portfolio that will have in its powers the approval of the policy, direction, regulation of the resources available to finance said portfolio.
The National Constituent Assembly in the approval of the laws, these contain provisions repealing the laws that precede it, the constituents were repealing, as is the case of the Credit Law for the Agrarian Sector through Decree of President Chávez number 6219 published in official gazette 5890 of the July 31, 2008, the content of this Law repealed, which was the fruit of the struggles since 1937 over seventy years of struggle for the agrarian rights of peasants, conuqueros, vegueros, small farmers, medium-sized and large businessmen of Agriculture, in permanent consequence in preserving the agrarian rights to receive credit attention and be considered in a specific way as a beneficiary and priority economic sector for the credits of the national banking system, the provisions of the new Law of the Single Productive Portfolio, farmers were erased, invisivilized, as a strategic economic sector, sovereign nia and agri-food security, our legitimate rights were violated to opt directly before public and private banking institutions for an agricultural loan, where by law the agricultural portfolio was available and guaranteed 30% of the total availability of loans in the financial system.
The other method that the national government takes to prevent loans from the agricultural sector is through the resolutions of the Board of the Central Bank of Venezuela. By forcing the national bank to present daily liquidity reserves, which immobilizes the availability of loans and the bank’s own function of being a financial intermediation agent, credit to stimulate agriculture, the last resolution relaxed 93% at 85% the BCV board makes resolutions on the banking reserve where it requires depositing the deposits in bolivars up to 85% as is the last resolution published in the official gazette 42050, these measures limit the liquidity availabilities that allow financing agriculture in Venezuela.
The Board of Directors of the Central Bank of Venezuela in resolution 21 01 02, published in official gazette 42050 of January 19, 2021, informs that as of February 1, 2021, the credits of the national productive portfolio will be expressed only in the Credit Value Unit, which means the dollarization of productive credit by establishing in article one that credits must be expressed only in the UVC Credit Value Unit, which will be related to the amount of the credit in bolivars when divided by the Investment index IV, which is the exchange reference of the bolivar with respect to the dollar published at the time of receiving the loan, the interest will be 2% and the cancellation of the same will take the relation to the value of the investment index at the time of payment of the corresponding installment, in other words is an indexation of credit in relation to the dollar, this credit policy is a true Frankenstein, it is the revival of medi Wild economic days, similar to ballot loans or Mexican loans, which were considered illegal by the Supreme Court of Justice that, at the express request of President Hugo Chávez, cold for attacking the assets of the Venezuelan family that had received housing loans, which were unpayable
The resolution of the BCV is a resolution that evidences the lack of criteria and knowledge of the Venezuelan agricultural system, its technological limitations, the failures of the maintenance of agricultural support structures, the lack of fuel supply, the lack of inputs, seeds . The dollarization of input prices and an overwhelming hyperinflation.
The BCV’s resolution on loans for the productive sector is a regrettable, incompetent decision that prevents the true possibility of making investments in the country’s agricultural sector, agriculture currently has low yields, critical profitability and decreased productivity, annual profitability In the agricultural sector, it is currently approximately 20%, when compared to the last inflationary index of 2020, which was 7000%, farmers are working at a loss, and we cannot guarantee credits at those indexation levels, adjustment in In relation to the North American currency, take as a reference the price of the dollar for the months of December and January, on December 1 the official website of the BCV announced a dollar price of 970,000 bolivars, today it is around 1,800,000 bolivars and continues its upward and uncontrollable career in less than sixty days the adjustment of the so-called Investment Index would be close to 100%, This means that when receiving a loan in just two months, after the debt in bolivars has doubled and the final amount owed is unpredictable since it depends on the price of the dollar when the debt is paid. The BCV resolution is a Frankenstein for national agriculture.
–
