RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Agriculture and livestock to $9.7 billion to Brazil's GDP

Share on Twitter Share on LinkedIn
Staff Writer | September 9, 2017
Brazilian livestock
LatAm   Harvest Plan

With a robust Harvest Plan coupled with support and development tools organised by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017.

Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion ($9.7 billion) to the country's Gross Domestic Product (GDP).

Data from the National Food Supply Company (Conab), the Brazilian Central Bank and the Brazilian Institute of Geography and Statistics (IBGE) shows that agriculture has become the most productive sector of the Brazilian economy.

Without increasing public spending, the sector managed to produce more with almost the same amount of land.

While acreage increased by 4% for the 2016/2017 harvest, field productivity was up by 22.8% - meaning 727.9 kilos of additional grains per hectare.

The result puts Brazil at the top of the productivity ranking with the most productive agriculture in the world, surpassing even major economic powers.


What to read next
POST Online Media Contact