Income from farming in the main crops in Brazil should reach 160.6 billion Brazilian reais (US$ 88 billion) this year, an increase of 16.1% over last year. The estimate is by the Strategic Management Advisory of Brazil's Ministry of Agriculture and was disclosed last week week.
The main increases, according to the Ministry, should take place in crops like beans (82.1%), onions (61.4%), wheat (48.2%), peanuts (41.2%), soy (30.6%), corn (30.2%) and coffee (20.4%). Apart from these, other cultures that should also present a good performance should be rice (10.6%), orange (11%), cocoa (9%), potato (4.7%) and banana (4.3%).
The Strategic Planning coordinator at the Ministry, José Garcia Gasques, said, according to a statement disclosed by the organization, that the growth is the result of a combination of product prices and volumes picked.
Other cultures, like sugarcane, grapes, cotton and pepper, should generate lower income, says the Ministry.
The Ministry of Agriculture adds that the value of agricultural income is obtained by multiplying the volume produced by the price paid to farmers. The figures are obtained from monthly studies by the National Food Supply Company (Conab) and by the Brazilian Institute for Geography and Statistics (IBGE).
In geographic terms, the Midwest of the country – where the states of Mato Grosso, Mato Grosso do Sul and Goiás, the main producers of soy are located – should present the greatest gain in income this year, a 44.3% real increase, to 40.5 billion reais (US$ 22.2 billion).
According to the ministry, the South and Southeast of the country should also have "expressive" results, in the Northeast, income should grow 2.1%, whereas in the North, a 5.1% reduction is expected.