Agropatria

Agropatria is Venezuela's largest agricultural supply company, supplying fertilizer, seeds and agrochemicals, as well as loans to agricultural producers. It is a State-owned corporation which was incorporated in October 2010 to take over the activities of 'Agroisleña.[1]

Agroisleña' 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.[2] With the nationalization of Agropatria, the state has about 51% of Venezuela's food storage capacity.[3] However, by May 2015, the Confederation of Agricultural Producers (Fedeagro) reported that Agropatria has a monopoly position in the market of agricultural supplements, having approximately 95% of market share,[4] more than double of Agroisleña at the moment of the nationalization. Also Agropatria has privileges when it comes to access foreign exchange for the importation of agricultural materials, in detriment of private enterprises.[4]

References
  1. Venezuelanalysis.com, 12 October 2010, Venezuela Nationalizes Lubricant and Fertilizer Companies
  2. Bloomberg, 5 October 2010, Chavez Confirms Expropriation of Venezuelan Agriculture Supply `Oligopoly'
  3. Agencia Venezolana de Noticias, 11 October, Agropatria silos balances State's food storage capacity
  4. "Fedeagro: Agropatria cerró las puertas al sector privado y monopolizó los insumos agrícolas" (in Spanish). El Siglo. May 24, 2015. Archived from the original on 2015-06-02. Retrieved June 3, 2015.


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