The Gross Agricultural Production Value (VBP) in Brazil was US$ 871.3 billion in 2020, an increase of 17% over 2019 and the highest in the last 32 years, according to the Ministry of Agriculture. The prognosis for 2021 estimates an increase of 10.1%. Last year, crop revenue was R$ 580.5 billion, up 22.2%, and livestock revenue was R$ 290.8 billion, up 7.9%. In a note, the Secretariat of Agricultural Policy of the Ministry of Agriculture said the main highlights were corn, with a growth of 26.2%; soy (42.8%); beef (15.6%); and pork (23.7%). “Soy, corn and beef sales reached respectively R$ 243.7 billion, R$ 99.5 billion and R$ 126.3 billion”. In relation to the estimated growth of 10% in 2021, the Ministry points out to the expected high performance of rice (17.3%), potato (22.1%), cocoa (14.7%), cassava (10.9%), corn (17.7%) and soy (24.4%). “There are still good expectations for livestock, especially for cattle, pork, chicken meat, and milk.”
Sources: Estadão / Revista Dinheiro Rural
*Translated by Ia Niani