Farmers "Deeply Worried" As Argentina's Fernandez Aims To Hike Export Taxes Twice In Three Days Farmers "Deeply Worried" As Argentina's Fernandez Aims To Hike Export Taxes Twice In Three Days Farmers in Argentina are finding out the wonderful benefits of taxation and government micromanagement first hand . Just three days after the government hiked export taxes for farmers, it is considering doing it again, causing outrage on the Pampas crop belt. A bill sent to lawmakers proposes that taxes on soybean shipments could hike to 33%, according to Bloomberg . That compares to 30% currently and 24.7% last week. Corn and wheat would rise to 15%, from 12% currently and just 6.7% last week. President Alberto Fernandez will need opposition votes to get the legislation through congress, despite holding a majority in the senate. Approval could come by the end of the month, should he get the votes he needs. The bill also contains a provision to reduce rates for exports with "added value", meaning that soy meal and oil may be charged less than 33% "in a boon to crushers that have lost competitiveness and seen idle capacity rise after the differential with raw beans was scrapped last year." Argentina is a top exporter of soy meal, used as animal feed, and soy cooking oil.