As the President is visiting Cuba this week, National Hog Farmer reports the island county will not bring a flood of new exports for U.S. pork producers. The report lists three main reasons while Cuba will not be a boon for exports, starting with the fact that Cuba is roughly the same size and population of Ohio. Further, the gross national income per person in Cuba is $5,880 with the take-home salary for the majority of Cubans around $20 a month, and the Cuban economy remains troubled. The U.S. Central Intelligence Agency estimates the size of the Cuban economy is $121 billion. For years, the country has remained isolated, refusing relationships with the International Monetary Fund and World Bank. Further, it owes large sums of money to Venezuela, Russia, China and other countries. Nick Giordano of the National Pork Producers Council says while everyone is talking about Cuba, “we are going to sell a lot more pork to Argentina than Cuba.”
Welcome
