Brazilian agriculture and livestock expected to generate record US$200 billion in 2021

In 2021 the share of the agricultural economy in Brazil's GDP will increase from 20% to 26%, far more than the worldwide average, where, agriculture accounts for only 6.4% of the total economy,

RIO DE JANEIRO, BRAZIL - According to estimates by the Brazilian Ministry of Agriculture, revenues from this sector are expected to exceed 1 trillion reais (US$200 billion) this year, about 10% more than in 2020. It is the first time that revenues from agriculture and livestock have reached this level, which has almost trebled in two decades.

According to CONAB, the National Supply Company, soybean production, the country's flagship crop, is expected to reach a record 136 million tons. In exports alone, Brazil is expected to reach US$120 billion  - another historic mark - up 20% from 2020.

The field . . .

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