The article discusses some of the effects that the measures of economic adjustment have had on the agricultural sector in Venezuela. Contrary to some analyses, it is maintained that the agrarian question in that country has been addressed with partiaI and inadequate measures. Through a review of the principal aspects of the historical development of the sector, its characteristics at the outset of the application of the directives imposed by the International Moretary Funds are determined. Findings indicate that a significant portion of land was left idle and that the agricultural products destined to agroindustrial processing diminished notably. This situation generated an increase in imports and a recreation of the situation existing in the seventies and early eighties. In this context, the procedures and modalities carried out by the government in agricultural matters appear to follow the principles of economic liberism in agriculture. It is concluded that these measures are consistent with the Global Economic Policy and are advantageous to the interests of agricuitural and food exporting countries.