According to data published by the Ministry of Agriculture of Brazil, last year's (2014) agribusiness Gross Domestic Product (GDP) accounted for between 22.0% and 23.0% of the total GDP of the Brazilian economy, amounting to 1.1 trillion reais approximately. Farming accounts for 70%, and livestock for about 30% of the amount produced in the year.
The increased production of cereals and meat was one of the factors responsible for these results. Both grain harvest and meat production have been the highest obtained so far in Brazil. The estimated grain harvest was 193.5 million tons, whereas meat production reached about 25.9 million tons.
Forecasts for 2015
According to the National Supply Company (Conab) and the Brazilian Institute of Geography and Statistics (IBGE), the cereal harvest will reach an estimate 202 million tonnes in 2015. The projected growth rate is 4.2% for production and 1.5% for cultivated land.
Monday, December 29, 2014 / MAPA / Brazil.