Value of Agricultural Production in 2020 is estimated at R$848,6 billion

In the few weeks until the end of the year, the Gross Value of Agricultural Production (VBP) for 2020 is estimated at R$848,6 billion, an increase of 13,14% compared to the previous year. Of this amount, R$572,27 billion refers to crops and R$276,32 billion to livestock. Crops had a real increase of 16,9% and livestock, 6,1%, compared to 2019.

The projection, based on October data, is the result of agricultural prices paid to producers and exports. Most of the products analyzed showed price increases, including cocoa (9,5%), Arabica coffee (14,2%), beans (17,2%), corn (17,6%), soybeans (26,4. 21,0%), wheat (20,6%), apple (17,7%), beef (12,8%), pork (8,3%), eggs (22,3%) and rice (XNUMX. XNUMX%). 

These products, due to the prices and quantities produced during the year, were those that presented the best performance. However, soybeans are the most prominent product, with an estimated VBP of R$223,2 billion, representing 26,3% of the total value for the year.

Furthermore, data from the Brazilian Institute of Geography and Statistics (IBGE) indicate reduced stocks for several products, which shows that sales in the domestic market and abroad are strong.

Several products have record revenue in 2020, such as corn, soybeans, beef and pork. “The behavior of these activities resulted in significant value for the VBP this year”, assesses José Garcia Gasques, general coordinator of Policy Assessment and Information at the Secretariat of Agricultural Policy, of the Ministry of Agriculture, Livestock and Supply (Mapa).

A small group showed low performance (bananas, potatoes, tomatoes, grapes and chicken meat).

Regional VBP

In relation to the states, five lead the ranking: Mato Grosso (18,4%), Paraná (12,9%), São Paulo (12%), Minas Gerais (10,7%) and Rio Grande do Sul (8,1. XNUMX%).

Projection for 2021

The first VBP estimates for 2021 indicate an optimistic scenario. The projected VBP is R$949,22 billion, 11,9% above that observed this year (R$848,6 billion). “There are good prospects for soybeans, whose VBP forecast is R$300 billion, against R$223,2 billion this year. There are also better results for rice and meat”, says the research coordinator.

The VBP shows the evolution of crop and livestock performance throughout the year and corresponds to the gross revenue within the establishment. It is calculated based on the production of the agricultural and livestock crops and the prices received by producers in the country's main markets.

VBP Summary