Economic Improvement and Social Assistance Program

Impact of the drought Soybean and corn production (in million tons) 35 30 25 20 15 10 5 -27% 2014 2015 2016 2017 2018 2019 Forecast as of Sep18 Forecast as of Dec17 The toughest drought in more than 50 year reduced soybean and corn production by 27% in 2018 Source: Secretaría de Gobierno de Agroindustria and Ministry of Treasury projections 15

View entire presentation