US supplies more than one third of food imports to Venezuela

[Bacchus4.0]

http://www.latin-focus.com/latinfocus/factsheets/venezuela/venfact_sectors_agriculture.htm


Venezuela's abundant farmland and temperate climate provide ideal conditions for agriculture. However, as oil came to dominate the economy, agriculture languished and, during the oil-boom years of the 1970s, imports of agricultural products rose rapidly. The sector today only provides for less than 5% of GDP, when just four decades ago it was still one of the principal backbones of the economy. Even though today approximately only one-fifth of total land area is used for agriculture, it remains an important source of employment (around 14% of the labour force). More than 50% of agricultural revenues are produced by cattle ranching, while dairy products, fruit, grains, poultry farming and vegetables aggregated generate approximately 40% with the balance coming from forestry and fishing. Venezuela imports more than half of its needs for wheat, sugar, vegetable oil and yellow corn with the United States supplying more than one-third of Venezuela's total food imports.

[cheapdate]

1. The lure of globalization eventually traps everyone.

Left or right, everyone gives in for their own reasons.

[Wellstone ruled]

2. The winner is=

the Multi Nationals and the Bankers. The losers of course are the people,but isn't that what NAFTA is all about.