Venezuelan government makes official seizure of farming company Agroisleña

[ChangoLoa]

As expected, the decree that makes official the seizure of farming supply company Agroisleña, an heir of Enrique Fraga Afonso, was published on Tuesday in the Venezuelan Official Gazette No 39,523.

President Hugo Chávez announced on Monday night that he had signed the decree, against the will of the board of directors of the Spanish firm who had requested the Venezuelan head of state to reconsider the decision.

Chávez argued that the farming company had become an oligopoly in the market of agriculture inputs, contrary to the provisions of the Constitution.

The process to take control of the company will take three months. Chávez has said that the Spanish farming company will become people's property, and it will allow the country to make progress in food security and reduction of production costs. "One of the short-term impacts of the measure is the immediate reduction of production costs, because we are going to eliminate the chain of speculative middlemen," state-run news agency Agencia Venezolana de Noticias (AVN) reported.

The decree instructs the government to ensure the constitutional rights of workers.

Next October 6, farmers who are members of different associations of agricultural producers are holding an extraordinary meeting in the premises of Agroisleña Acarigua.

http://english.eluniversal.com/2010/10/05/en_eco_esp_venezuelan-governmen_05A4564773.shtml


Workers of farming supply company Agroisleña reject seizure

http://english.eluniversal.com/2010/10/04/en_eco_esp_workers-of-farming-s_04A4560413.shtml

[bherrera]

1. Shortages should follow

Whenever this happens in a country, they have food shortages thereafter. I guess the radicalization of the Chavez regime, which is becoming incresingly autocratic and erratic, means the man's popularity will now drop even more. I don't see very good things in the future if they continue these misguided policies.