With the support of the Brazilian government, including through agricultural credit and research incentives, Brazilian agribusiness has become the most efficient in the world. Data from the US Department of Agriculture confirms the country’s strong productivity in comparison with other economies, an advantage that has been instrumental in driving growth in Brazil’s Gross Domestic Product (GDP).

According to the National Supply Company (Conab), all the technology Brazil has developed and applied in the field has led to record levels of productivity.

“Technology has become the main factor explaining the success of Brazil’s agriculture, which now supplies the population with a diversified range of food at stable prices, guarantees surpluses for exports and increases surpluses in the trade balance,” said the president of the Brazilian Agricultural Research Corporation (Embrapa), Maurício Antônio Lopes.

Lopes also reminds us that Brazil has built all this agricultural development and strength “with modest investments”. “Investments far below those of large agricultural nations like the United States, China and India,” he explains.

The US Department of Agriculture’s data shows that income obtained in the field in Brazil grows at a much higher rate than the rest of the world. In Brazilian soil, the income of farmers increases by 4.28% each year. In China, which comes second in this ranking, the average advance is of 3.25%. The Americans appear in seventh, with 1.93%.

The expert also considered that, between 1975 and 2016, 80.6% of the country’s agricultural output growth was driven by productivity gains.

The result of this bet on technology is made all the more clear by Brazil’s economic performance last year. Agriculture was one of the main drivers of GDP growth in 2017.

“Farmers invested heavily in technology for the 2016/2017 crops and were rewarded with excellent weather conditions, which guaranteed a record-breaking 238-million-ton harvest,” he said, adding that “this showed the importance of the Brazilian agricultural sector for society and for the Brazilian economy.”

Source: www.brazilgovnews.gov.br