Brazil’s Farming Boom Favors Mostly the Midwest

Cocoa tree 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.

Anba

Tags:

You May Also Like

Blood, Deceit and the Brazilian Miracle

A new book reveals Brazil’s General-President Ernesto Geisel talking in a taped conversation about ...

Feel-Good Sentiment in Brazil Boosts Market

Latin American markets finished mostly higher, led by a surge in Brazil as inflation ...

TV Lula’s Ambition: To Cover the World with Brazil’s Good News

On May 24, 2010, President Luiz Inácio Lula da Silva of Brazil launched International ...

Brazil Wishes to Free the Internet from US Control

At the 2nd Global Society of Information Summit, in November, in Tunis (Tunisia), Brazil ...

Brazil Beats US and Now Is Number One in Spam

Cisco's 2009 annual report released this Tuesday, December 8, reveals that Brazil surpassed the ...

Brazil Press Opposes Social Control Lula Wishes to Impose on Media

Luiz Inácio Lula da Silva, Brazil’s most popular president in recent history, seems to ...

Despite Worldwide Retraction Brazil’s Sadia to Increase Sales to Arabs by 10%

Sadia, one of the greatest foodstuff exporters in Brazil and national reference in the ...

Brazil Vows Better Help to 3 Million Working Children and Their Families

Brazil’s Program for the Eradication of Child Labor (Peti) will be incorporated into the ...

Ten Candidates Running to Be Brazil’s Next President

Brazil’s Federal Election Board (Tribunal Superior Eleitoral – TSE) reports that it has received ...

Brazil’s Politicians Set to Cash in on Oil and Gas Discoveries

As if Brazil was not blessed with a bounty of natural resources it seems ...