STAFF BLOG AG RIGHT Mixing politics and trade
It's hard to say how much the agreement to normalize diplomatic relations between the United States and Cuba will help Upper Midwest agriculture. Cuba wants and needs many of the ag products raised he... Posted on 12/19/14 at 10:22 AM
HAVANA - Cuba unveiled new data on Wednesday it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in new exploration even with the thaw in U.S. relations.
After a major hearing on U.S. agricultural trade with Cuba, Sen. Heidi Heikamp, D-N.D., on April 22 introduced a bill to lift the ban on private banks and companies from offering credit for agricultural exports to Cuba.
HAVANA - The sudden U.S. engagement with Cuba has helped the European Union's own bilateral talks on improving relations with the Communist-led island, a top European diplomat said on Thursday at the conclusion of two days of negotiations in Havana.
The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners and urge the U.S. Congress to lift the trade embargo against the Caribbean nation.
A “farmer” who plants seeds that don’t grow in the same way for years is “probably not a farmer,” Cargill Inc. Vice President Devry Boughner Vorwerk told a Monday summit on restoring relations with Cuba.
U.S. agricultural exports to Cuba fell below $300 million last year for the first time since 2003 as the communist-led island’s financial woes continued and it purchased food on credit elsewhere, a trade group says.
The Dec. 17 agreement between the U.S. and Cuba to normalize diplomatic relations between the two countries could lead to improved trade possibilities and important opportunities for U.S. Agriculture, Upper Great Plains officials said.
The normalization of diplomatic relations between the U.S. and Cuba is an “important opportunity” for U.S. agriculture that will make exports of U.S. farm goods cheaper, easier and less time consuming for shippers, U.S. Department of Agriculture Secretary Tom Vilsack said on Wednesday.
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