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Government, however well-justified, do impact U.S. commodity exporters and consequently the entire agricultural sector. Furthermore, the effects of these restrictions are not limited to just the markets that U.S. exporters are prohibited from trading with: other exporters change their marketing strategies to the detriment of the U...
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(F.A.S. 2000)
The restrictions in trade are controlled by the Office of Foreign Asset Control (OFAC). The main countries targeted for restrictions are:
Cuba
North Korea
Iran
Iraq
Libya.
According to the FAS, the OFAC restrictions on these countries is fairly substantial. Taken as a total, the countries will import approximately 11% of the world wheat trade...
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