An Iranian official says that Venezuela has agreed to provide one million hectares of agricultural land for Iran’s overseas cultivation projects to secure food.
Announcing the agreement last week, Ali Rezvanizadeh said Venezuela can provide a better opportunity than Brazil and Russia for Iran’s overseas agricultural projects, including growing crops of soy beans and corn.
Details of the agricultural agreement have not been announced and it is not clear whether Caracas has agreed to the investment of the Iranian government or its private sector.
Masoud Daneshmand, former chairman of Iran Economy House, a private sector think tank, however, says Iranian investment in production of crops such as corn and soya beans in Venezuela is not economically viable due to the very long distance between the two countries and the high cost of transportation.
This has led others to think this land may be put to other uses, mainly military uses, something the rest of the continent, and indeed the USA should be worried about.
Source: Iran International