Gross Value of Agricultural Production Reaches R$1,2 Trillion in August

The Gross Value of Agricultural Production (VBP) in August this year reached R$1,2 trillion, according to data from the Secretariat of Agricultural Policy of the Ministry of Agriculture and Livestock (Mapa). Of this total, R$391,6 billion refers to livestock production (32,6%) and R$809,1 billion to crop production (67,4%).

Among the main agricultural products, the highlights were soybeans (23,5%), corn (10,1%), sugar cane (9,9%) and coffee (5,9%). In the livestock sector, cattle (12%), chicken (8,3%), milk (5,3%) and pigs (4,9%) stood out the most.

The value recorded in August is stable compared to the previous year, with a slight positive variation of 0,1%. In the specific segment, the GVP of crops fell by 3,2%, driven by the reduction in the GVP of corn (-16,6%) and soybeans (-17,4%), both impacted by crop failures and falling prices. In contrast, the GVP of livestock grew by 7,7% compared to 2023, driven mainly by the 68,9% increase in the swine sector.

The Central-West region ranks first in terms of participation in the VBP, with 28,6%, followed by the Southeast region, with 28,4%. Among the states, Mato Grosso, the largest grain producer in the country, leads with 13,9%, followed by São Paulo (13,3%), with a significant share of sugarcane, Minas Gerais (11,4%), a leader in coffee production, and Paraná (11,3%), the second largest grain producer in Brazil.

The study brings data from the Brazilian Institute of Geography and Statistics (IBGE), the National Supply Company (Conab), the Center for Advanced Studies in Applied Economics (Cepea/Esalq/USP) and the Getúlio Vargas Foundation (FGV).

The Gross Production Value details the gross revenue of rural establishments and takes into account the volumes of agricultural and livestock production and the average prices received by producers.