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Balanced Reporting. Trusted Insights.
Tuesday, June 28, 2022
Cuba has struggled for decades to feed its people, but because of U.S. sanctions and the impacts of the COVID pandemic, the country is becoming more desperate to buy U.S. grain and meat.
The action may scare some potential investors away from doing new business with Cuban buyers, but it won’t have a direct impact on U.S. agricultural exports to the island nation.
President-elect Joe Biden promised on the campaign trail to reverse the Trump administration’s policy of breaking ties with Cuba, and that has U.S. farm groups once again hoping their farmers will benefit with increased trade.