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25 April, 2008
Of each $10 that a soya producer wins in Santa Fe, the State takes away $7.9. And of each $10 that a wheat producer wins in Santa Fe, the government takes away $6.9. Keeping up to 80% of the earnings, the government is already today the wholesale partner of the producer. From where do the numbers arise? Punto Biz carried out a detailed study of the structure of the cost of the producers of the nucleus area to see the real incidence of the tax load. Nobody likes to show their real numbers a lot, so Punto biz carried out several consultations to producers of the area in order to be able to compare them and to have a real estimate. Next, the results. The case of the soya For this report, a yield of 32 quintals per hectare and a price of $840.89 per clean ton for the producer was considered. That value results of calculating a price of u$s 460 per ton FOB, to wich according to the new “chartâ€-it is necessary to subtract 40.48% in retentions, for what results u$s 273 per ton. To that price it must be rested u$s 6 of fobbing expenses and it results u$s 267 per ton ($840.89 to an exchange rate of 3.14) Regarding direct costs, in this case the producer spends per hectare $144 in works, $127 in seeds, $623 in agrochemics and fertilizers; adding as result $893 per hectare.¼br />  Regarding crop costs and commercialization, in this case the producer spends $202 in crop (7.5% of full price per yield), $250 in freight (short and long), $35 in conditioning and 81 in commission (3%); resulting an expense of $567 per hectare. It is also necessary to add expenses of structure that is of $160. When speaking of taxes, provincial taxes add up to $50 and the tax to the check adds $32; giving an operative result of $987 per hectare. To that value it is necessary to subtract 35% of Earnings (Ganancias) ($345), resulting then $641 and then $60 of Personal Goods (Bienes Personales). In definitive, the producer had left $582 clean per hectare. Now, how much was left for the State? If all the taxes are added, the sum gives $2.318 per hectare. Simpler: 79% of the income. Is it bette for the corn? For this report, we took a yield of 90 quintals per hectare at $502 the ton. That value arises of u$s 220 per ton minus 24.5% of retentions, that gives u$s 166 per ton FAS and to wich it is necessary to subtract u$s 6 of fobbing, resulting finally u$s 160 per ton ($502 to the exchange rate of 3.14) Regarding direct costs, per hectare the works cost $144, the seeds, $349; and agrochemics and fertilizers, $762; adding $1.255. Regarding commercialization costs and harvests, they have to pay per hectare $317 for crop (7% of the full price per yield), $702 for freight (short and long), $126 for conditioning and $136 for commission (3%), adding this way $1.280. it is necessary to also add $160 in structure expenses. Per hectare, the provincial taxes take $50, the tribute to the check results in $54 and Personal Goods costs $60. In definitive, the operative result is of $1.662 per hectare. To that value it is necessary to subtract 35% of Earnings ($663) and after doing so we have as result $999. That is the clean amount that the producer wins per hectare. And how much does the State take away? Adding the total of taxes paid, the State keeps $2.298 per hectare. In other words, 69% of the income of the production. Questions and doubts Keeping up to 80% of the earnings, the government became the wholesale partner of the producer and the questions that appear are: When the prices lower (something that sooner or later happens in all the markets) who will be able to last? What business will be able to put up with similar tax pressure? Will that be the moment when the wholesale partner of the rent takes advantage to also keep the capital? Or in other words: will that be the moment when the wholesale partner’s friends keep the capital, like is happening today with oil companies and airlines? Another doubt: a difference of $10 among what is kept by the State of the soya and of wheat is the great official incentive to combat the so called “soya boom”? By Mariano Galindez Courtesy of Punto Biz for Nextfuel-Biodiesel.com.ar Š Deje un comentario |
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