|Brazil's agriculture sector is expected to grow strongly|
Brazil currently has 62 million hectares of and under agricultural production, and that number could rise to anywhere from 70 million to 100 million acres by 2021. As the graph on the right from the USDA and the Brazilian agriculture ministry shows, Brazil's forecast meat and crop production growth will likely far outstrip that of the US.
Much of Brazil's agriculture exports have been led by soybeans, sugar and meat. China in particular is a major buyer of Brazil's soybean crop, and China's demand will only continue to grow. Below is a graph providing an overview of which crops have been leading Brazil's export growth in the last decade. The future appears to look quite bright indeed for Brazilian agriculture.
|Brazil's Agriculture Exports by Commodity|