Agropatria
Encyclopedia
Agropatria is Venezuela
's largest agricultural supply company, supplying fertilizer, seeds and agrochemicals, as well as loans to agricultural producers. It was nationalised
in October 2010, and shortly after reduced the prices of many products by 40-50%.
The company was established in 1958 by Spanish immigrants, and grew to become the country’s leading agricultural supply company. It was accused by President Hugo Chavez
of abusing its dominant market position. With the nationalization of Agropatria, the state has about 51% of Venezuela's food storage capacity.
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
's largest agricultural supply company, supplying fertilizer, seeds and agrochemicals, as well as loans to agricultural producers. It was nationalised
Nationalization
Nationalisation, also spelled nationalization, is the process of taking an industry or assets into government ownership by a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being...
in October 2010, and shortly after reduced the prices of many products by 40-50%.
The company was established in 1958 by Spanish immigrants, and grew to become the country’s leading agricultural supply company. It was accused by President Hugo Chavez
Hugo Chávez
Hugo Rafael Chávez Frías is the 56th and current President of Venezuela, having held that position since 1999. He was formerly the leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when he became the leader of the United Socialist Party of Venezuela...
of abusing its dominant market position. With the nationalization of Agropatria, the state has about 51% of Venezuela's food storage capacity.