Value of agricultural production grows 10% to BRL 1.103 trillion in Brazil

Published Oct 14, 2021

Tridge summary

The Agricultural Policy Secretariat of the Ministry of Agriculture in Brazil predicts a 10% increase in the income of rural producers, reaching R$ 1.103 trillion this year. This growth is due to a 12% increase in crop production and a 6.1% increase in livestock production, with soy, corn, sugarcane, beef, and chicken being the largest contributors. However, the production of peanuts, bananas, potatoes, cocoa, coffee, beans, oranges, tomatoes, cassava, and grapes had a negative impact on the Gross Value of Agricultural Production (VBP). The climate impacts of 2020 and 2021, along with favorable international market conditions and domestic prices, have significantly affected the VBP in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Studies carried out by the Agricultural Policy Secretariat of the Ministry of Agriculture show that the income of rural producers within the gate, measured by the Gross Value of Agricultural Production (VBP), should grow 10% this year and reach R$ 1.103 trillion. The calculations take into account production estimates and prices for agricultural products in August this year. According to the study, the gross value of crop production should grow 12% to R$ 746.8 billion and that of livestock should increase 6.1% to R$ 356.7 billion. The greatest contributions to this result came from soy, corn, sugarcane, beef and chicken. Together, their contribution was 72.4%. (Photo: Disclosure) According to the Ministry of Agriculture, the value records, obtained in a series of 32 years, were observed in cotton (R$ 29.8 billion), corn (R$ 121.6 billion), soybeans (R$ 360.3 billion ) and wheat (R$ 12.8 billion). In livestock, the records were obtained in beef (R$ 356.7 billion) and chicken meat ...

Source: Agroinforme