Credit terms with Cuba to help U.S. Ag
There’s been a lot of buzz about the elimination of a long-standing $100 limit on the amount of rum and cigars U.S. citizens can bring back in their personal luggage from Cuba. Making far fewer headlines, but perhaps more important to U.S. agriculture, is the elimination of credit payment terms that until now applied to certain agricultural production items, such as pesticides and tractors, that are authorized for export to Cuba. The administration’s recent changes also eliminated a rule for shipping to Cuba, which will ensure easier access for U.S. agriculture in the future. The rule blocked U.S. ships traveling directly to Cuba from returning to the U.S. for 180 days.
American Farm Bureau Federation trade specialist Dave Salmonsen said the changes are a good step, but there’s a ways to go before the embargo on U.S. food products is lifted.
— American Farm Bureau Federation
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