Argentina agriculture: record livestock debt and rising sheep meat exports

The Argentine agricultural sector is experiencing significant financial and commercial shifts. Livestock companies have reached a 20-year high in bank debt, totaling US$ 1,562 million, driven by increased investment and a rise in dollar-denominated loans, which now account for 43% of debt. Simultaneously, digital financing in the sector grew by 40% in the first half of the year, facilitated by AgTech platforms.

In terms of trade, sheep meat exports saw a 34% increase in volume during the first half of 2026, generating 46% more foreign exchange. While the European Union remains the primary destination, Middle Eastern markets are showing increased dynamism.

Regarding fiscal revenue, export duties (DEX) from the six main agricultural chains—soy, corn, wheat, sunflower, barley, and sorghum—are projected to contribute US$ 4,613 million in 2026. This remains stable compared to 2025, though it is significantly lower than the historic peaks seen in 2021 and 2022. Soy continues to be the largest contributor to these tax revenues.