U.S. Action in Venezuela Could Boost Ag Exports

In a post to social media, Trump said Venezuela will buy American agriculture products and will use the money from oil sales to make it happen.

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
Keeping a close eye on Capitol Hill, farmers and ranchers wait with bated breath as President Trump’s “One Big Beautiful Bill” heads to the Senate. AFBF economist Danny Munch joins us for a closer look.
So, what’s the path forward for “The One, Big, Beautiful Bill” tax legislation? That’s the topic of today’s Firm to Farm blog post by RFD-TV legal and tax expert Roger McEowen with Kansas’ Washburn School of Law.
Today’s Firm to Farm blog post by RFD-TV legal and tax expert Roger McEowen provides a brief summary of the “One, Big, Beautiful Bill.” If passed in its current form, the legislation would represent the largest tax cuts in history.