The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the country’s giant farming industry to unleash an export boom.
Free-market devotee Milei vowed to quickly dismantle policies that have held back agricultural investments this century. He would unify foreign exchange rates, scrap export taxes and quotas and remove direct meddling in food prices.
Since he plans to take an ax to government spending and stamp out inflation by ditching Argentina’s currency, the interventions — as well as going against his libertarian values — would, in theory, become redundant. A subsequent free-market system can “achieve an explosion in farming activity,” according to Milei’s manifesto.
Farm exports grew under ex-President Mauricio Macri’s brief experiment last decade with market-oriented policies. But Milei would take things a step further by eliminating billions of dollars of annual taxes on soy shipments. “We need YPF and Enarsa to manage the transition while we put the energy sector in order,” Milei said.
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