Venezuela is upping investments in agriculture in response to concerns about food supplies that are part of a rising global crisis.
Agriculture Minister Elias Jaua announced plans on Tuesday for a 20% increase in the production of food crops including cereals, rice, corn, and sorghum. The transformation is dramatic in the area of soy farming: while Venezuela produced barely any soy in the past, today it is planting nearly 100,000 acres.
Subsidies in all areas of agriculture are set to rise. This policy was announced Wednesday, and is expected to give farmers a boost. The state has also recently purchased dairy farms in order to ensure that local and affordable supplies are available to communities. Want to see for yourself? Check out this “reality tour” by Global Exchange.
You may already know that food security is at the top of the regional agenda these days. When leaders met last month, Venezuela began a $100 million fund to offset shortages in the poorest countries.