In Venezuela, they sell a liter of milk between 30 to 60 cents in dollars

Farmers in the state of Barinas sell their milk in dollars to compensate for the devaluation of the bolívar, and get between 30 and 60 cents per liter, a little more than the average paid nationally in Colombia, which was 35 cents in 2021. According to Reuters, ranchers in Barinas, one of the main agricultural areas of the neighboring country, are struggling to make ends meet due to lack of financing under a persistent economic crisis, adding that: “The agricultural activity of the South American country has been affected by years of regulations and land expropriations, which has led ranchers, who depended largely on the sale of meat, to reduce animal husbandry and live more than the supply of milk. Cattle ranching in this state numbered 2.5 million head of cattle four years ago, but currently has 1.7 million, while breeding costs skyrocketed, according to producers. (Report: Milk Price: High Stats, Low Profits for Farmers) According to them, high inflation has affected the demand ...