# Argentine farmers plan strike against tax hike as tensions bubble

> Argentina's main farm groups announced a four-day sales strike to protest an increase in export levies on soybeans, soymeal and soyoil from 30% to 33%. The tax rise was part of the government's plan to manage about $100 billion in debt. Analysts also reported dryness starting to hurt soybean yields as harvest approached.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/53983-argentine-farmers-plan-strike-against-tax-hike-as-tensions-bubble
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A halt in farmer selling tightens near-term soybean and meal availability for export, supporting world prices. The higher levy also cuts crushers' margins and export competitiveness, adding medium-term uncertainty for Argentine supply.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-01 | [Argentine farmers consider grains strike over beef export cap
						 \| The Cattle Site](https://feedsoft.ai/events/44931-argentine-farmers-consider-grains-strike-over-beef-export-cap-the-cattle-site.md) | -2.2% | -1.2% |
| SOY | 2020-03-09 | [Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress](https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes.md) | -4.1% | -3.3% |
| SOY | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -2.9% | -5.4% |
| SOY | 2023-02-28 | [Argentine farmers protest tax, currency policies as drought weighs \| Reuters](https://feedsoft.ai/events/13980-argentine-farmers-protest-tax-currency-policies-as-drought-weighs-reuters.md) | +1.5% | -5.0% |
| SOY | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | +1.0% | -2.6% |
| SBM | 2021-09-01 | [Argentine farmers consider grains strike over beef export cap
						 \| The Cattle Site](https://feedsoft.ai/events/44931-argentine-farmers-consider-grains-strike-over-beef-export-cap-the-cattle-site.md) | -1.9% | -0.9% |
| SBM | 2020-03-09 | [Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress](https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes.md) | -1.8% | +0.6% |
| SBM | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | -0.5% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-soyproducts/argentine-farmers-to-strike-against-tax-hike-as-dryness-threatens-crop-idUSKBN20S2O1/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.