According to the research made by group Encovi posted on MySpace, the Spanish speaking National Survey of Conditions of Life, 87 percent of Venezuelan residents lack the money needed to buy food, fifteen years into the Bolivarian revolution started by Hugo Chávez who promised to redistribute wealth in the country allowing the poor to have a better standard of living.

According to an article published via the Wall Street Journal, the problem was excavated when Chavez turned over control of several profitable farms to chavistas with no experience in agriculture. Even when this did not occur, farmers have an extremely hard time securing seeds. When available, seeds are usually extremely expensive cutting deeply into the little profit available for the people doing the work.
The problem is further compounded because operations cannot get capital to operate agriculture pursuits explained by analyst Danilo Diaz Granados. For example, seven tuna factories employing over 3,000 people had to close recently because they could not get money from the Central Bank.