At last week’s Commodity Classic, the U.S. Agriculture Coalition for Cuba called on Congress to remove trade barriers with Cuba. The coalition says by doing so; agriculture could capture sales in the country just 90 miles off the U.S. shores. The U.S. Grains Council says in marketing year 2015, just $4 million of $160 million worth of corn sold to Cuba was sourced from the United States. An estimated $240 million of additional business was lost by U.S. farmers with Cuba’s neighbors as well. Grains Council CEO Tom Sleight said trade can bridge political and financial divides between Cuba and the United States, offering opportunities to redevelop relationships with Cuban leaders and meet South American competition.
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