NASHVILLE, TENN. (RFD-TV) — There are new details on U.S. action in Venezuela and its impact on American agriculture. President Donald Trump says the South American nation is set to purchase several goods from the U.S. in the coming weeks.
In a post to social media, Trump said Venezuela will buy American ag products and will use the money from oil sales to make it happen.
Earlier this week, the White House said Venezuela will soon turn over between 30 and 50 million barrels of oil, shipping it directly to the U.S. From there, Trump says it will be sold at market price.
Aside from farm products, Venezuela will buy other U.S. goods, too, like medicines, medical devices, and infrastructure equipment.
Related Stories
RealAg Radio’s Shaun Haney discusses the next generation of Canadian agricultural policy, producer priorities, concerns surrounding risk management programs, and what the framework could mean for agriculture on both sides of the border.
Higher rail fuel surcharges could add cost pressure even as wheat production falls and grain movement remains active.
The Washington State Tree Fruit Association says crop quality looks promising despite ongoing drought conditions.
Brazil Potash CEO Matt Simpson discusses global fertilizer security, the importance of domestic production, and Brazil’s push toward fertilizer independence, which could impact market competitiveness.
