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In reply to the discussion: Price of corn flour in Venezuela soars 900 percent [View all]NickB79
(20,412 posts)You generally need hybrid seed, which VZ lacks local production of and has little foreign currency to import.
You need fertilizers, which VZ doesn't have the industrial base to generate on a large scale and needs to import.
You need tractors, cultivators, combines, and the parts to maintain them, which VZ doesn't have the factories locally to build them.
Before "Big Agra", VZ wasn't self-sufficient; they haven't been for decades because of the trap of oil resources.
Given enough time, VZ COULD create a domestic seed business to generate sufficient seed and build fertilizer and tractor factories for domestic use, but Chavez and Maduro crashed the economy so fast, the window to invest in these facilities closed far more rapidly than expected.