Top Banks Bet on Argentine Farming Boom With Milei Cutting Taxes
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Argentina’s Javier Milei:Two major banks in Argentina are seeking to open up more credit for farmers as President Javier Milei tears down economic barriers, including chopping export tariffs for growers.The local unit of Spanish giant Banco Santander SA and Argentina’s biggest private bank, Grupo Financiero Galicia SA, are expanding a venture — called Nera — that offers loan options to crop growers as well as seed, fertilizer and pesticide providers like Syngenta AG and Corteva Inc. Nera is projecting $1.5 billion of credit lines in 2026, which would be a 36% jump from this year’s expected figure.