Agriculture and livestock to $9.7 billion to Brazil's GDP
Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 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. ■