After having affected Peru and Colombia, “El Niño” weather natural phenomenon is now impacting all western regions of the southern cone. In Argentina, 7 provinces are already affected.

“El Niño” weather natural phenomenon

In Salta province, where San Bartolo farm is located, we registered more than 300 mm of water in less then 24 hours versus the annual historical average of 776 mm during the 1st weekend of April. The neighbouring villages of Lajitas and Apolinario Saravia are both under water.

Salta´s Floodings

As for San Bartolo farm, the house has been affected so as some internal roads. As a direct consequence, fattening services was temporarily interrupted. This flooding situation forced us to concentrate the herd in some dry plots and reduces also available pasture. As long as this event will remain, its consequences for the farm will remain limited.

We register more rainfall in the farm than the usual standard for the period. This rainfall benefits our cattle herd (over 5,000 heads) so as for our corn plantation dedicated ultimately to the animals suplementation. However, those episodes delayed a bit some other sowing activities.

The farm is dedicated to breeding activity and in this framework, we just successfully sowed 470 hectares of pastures to increase meet production. First step was the aerial application of glyphosate.

Then 400 hectares of ray grass were sowed via aerial application as you can see below. In addition, 70 hectares of OAT were sowed via land application.

In order that our herd take full benefit of this program, we are also building a new Australian water tank (400, 000 liters of capacity – 3 meters high) with a minor investment as we try as much as possible to re use existing resources or material available at farm. The tank should enter into service by end of April 2017.

Forestry resources can highly contribute on Argentina overall energy matrix. Forest plantations for energy purposes represent one of the many strategies used to reduce dependency on fossil fuels.

Bioenergy (forest)

The use of this kind of energy represents currently only 0,11% of the country overall energy matrix but is expected to be multiply by 6. Eucalyptus trees plantations like we have in Tata Cua forest or in Curupi Pora farm which account in aggregate for 160 hectares are a key assets.

Argentine authorities have announced on 12/29/16 that $90 billion in assets had been declared so far under the government’s tax amnesty plan

The government hopes that funds declared under the tax amnesty will help jump-start growth and investments in the country.

Argentines are thought to have more than $400 billion in undeclared overseas assets. Under the tax amnesty program, they have until Dec. 31 to declare those assets while paying a 10 percent fine to protect themselves from prosecution for tax evasion.

They can still declare until March 31, though the penalty for non-real estate assets will jump to 15 percent. Billions more are expected to be declared, particularly in properties, for which a 5 percent fine would remain unchanged.

So far, the government has collected 82 billion pesos ($5.27 billion) in fees paid by those who declared assets in the tax amnesty.

Diario Clarín

Diario Ámbito Financiero