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Iran Could Buy US Ag Products with Frozen Funds, Trump Admin Says

By Ryan Hanrahan

Progressive Farmer’s Chris Clayton reported that “American farmers could see commodity sales to Iran under the negotiations going on between the U.S., Iran and mediators that just wrapped up in Switzerland.”

“In a press conference Monday in Switzerland, Vice President JD Vance pitched the idea that the Trump administration wants unfrozen Iranian funds to go to buy U.S. agricultural products such as soybeans, wheat and corn. Vance credited Trump’s son-in-law Jared Kushner for the proposal,” Clayton reported. “…Iran has billions of frozen assets globally, including $6 billion held in Qatar, the Wall Street Journal reported. Qatar could allow Iran to use those funds to buy food and medicine.”

“Vance added, ‘If Iranian assets are ever unfrozen, they are going to make American farmers richer and help feed the Iranian people. That’s a very, very good, and very classic Trump deal,'” Clayton reported.

CNBC’s Dan Mangan reported that President Donald Trump on Monday also supported the idea, telling reporters that “Iranian funds that are being unfrozen as part of a memorandum of understanding between the two countries ‘is going to be used to buy food, and the food is going to be bought exclusively through the United States, from our farmers, and corn, soybeans, all of the things they need are going to be bought from our farmers.’ ‘So our farmers are very happy,’ Trump said.”

Source : illinois.edu

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