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Agência Brasil* Brasília – The Brazilian agricultural income, which takes into account the gross value of the 20 main agricultural products, should total 156.7 billion reals (US$ 96.9 billion) in 2008, approximately 17% more than last year. The figures were calculated by the Strategic Management Advisory at the Brazilian Ministry of Agriculture and disclosed today (12), and since almost all crops have already been harvested, the estimate should not be drastically altered.
The highest growth rate should be that of the Midwest Region, where agricultural income should go from 28 billion reals (US$ 17.3 billion) to 39.4 billion reals (US$ 24.3 billion), growth of 40.6%. To arrive at the result, the technicians multiply the crop size by the price received by farmers in the country's leading producer regions.
The actual value, inflation discounted, is obtained from the General Price Index – Internal Availability (IGP-DI), of the Getulio Vargas Foundation (FGV). Besides the Midwest, which was the highlight, the South, Southeast and Northeast regions recorded growth rates of 8.2%, 4.7% and 4.8%, respectively. The North region was the only one in which income saw a reduction, of 12.9%, even though grain production increased by 13.1%. That was so because, for income to rise, it is crucial that product prices do not fall.
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Agricultural income should grow 17%Agência Brasil* Brasília – The Brazilian agricultural income, which takes into account the gross value of the 20 main agricultural products, should total 156.7 billion reals (US$ 96.9 billion) in 2008, approximately 17% more than last year. The figures were calculated by the Strategic Management Advisory at the Brazilian Ministry of Agriculture and disclosed today (12), and since almost all crops have already been harvested, the estimate should not be drastically altered.
The highest growth rate should be that of the Midwest Region, where agricultural income should go from 28 billion reals (US$ 17.3 billion) to 39.4 billion reals (US$ 24.3 billion), growth of 40.6%. To arrive at the result, the technicians multiply the crop size by the price received by farmers in the country's leading producer regions.
The actual value, inflation discounted, is obtained from the General Price Index – Internal Availability (IGP-DI), of the Getulio Vargas Foundation (FGV). Besides the Midwest, which was the highlight, the South, Southeast and Northeast regions recorded growth rates of 8.2%, 4.7% and 4.8%, respectively. The North region was the only one in which income saw a reduction, of 12.9%, even though grain production increased by 13.1%. That was so because, for income to rise, it is crucial that product prices do not fall.
