What It's Like to Do Big Ag Business in Venezuela and Ukraine

The podcast explores the challenges and strategies for conducting business in politically and economically unstable regions, specifically Venezuela and Ukraine, through the experiences of Jeff Kazin and Mike Rohlfsen, former Cargill executives. The discussion highlights how hyperinflation in Venezuela forced Cargill to focus on dollar acquisition, even resorting to exporting unconventional goods like wooden pallets. In Ukraine, the conversation reveals a shift towards simpler crops like wheat due to the war-induced disruptions and labor shortages. Both guests underscore the importance of security, local expertise, and starting with small ventures to navigate the complexities and risks involved in these challenging markets. They also touched on the unexpected benefits of a strong brand reputation in ensuring ethical and safe operations.