This article analyzes, from an agency theory perspective, the effects produced on the Revolutionary Armed Forces of Colombia (FARC) by both political kidnapping as a long-run political strategy, and its long duration caused by Alvaro Uribe’s government decision to not accept prisoner exchanges. These elements led to a separation between the FARC leaders’ objectives and the goals of its field commanders. In such a case, the connection between them reveals the existence of a moral hazard problem which has become stronger and more harmful over time.