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
Weak soybean sales and soft wheat demand contrast with solid corn export strength.
Trade disputes can quickly reduce demand for key crops.
Seafood producers gain expanded access to USDA support programs.
Higher fuel costs are raising grain shipping expenses. RealAg Radio’s Shaun Haney discusses how energy market disruptions are impacting farmers in new ways as the War in Iran continues.

LATEST STORIES BY THIS AUTHOR:

A Nebraska rancher says his land may not support cattle this year after 2,000 acres were burned in recent devastating wildfires across the state.
Brandy Carroll with the Arkansas Farm Bureau shares an update on planting conditions and what producers are facing this season.
Aris Georgiadis with Dairy Management Inc. joined us to discuss the “Dairy Does More” campaign and how it is working to boost demand for dairy.
Farmer John Jenkinson shares the latest on planting conditions in Kansas and what producers are facing this season.
Farm Bureau economist Danny Munch discusses the USDA’s request for feedback on data and research, how such requests work, and what farmers should know about submitting comments before the Thursday, April 9 deadline.
Georgia Ag Commissioner Tyler Harper explains the growing threat of invasive hornets in his state and what Southeastern growers should watch for this spring.