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 U.S. Department of Agriculture confirms the country’s strong productivity compared to other economies, an advantage that has been crucial in driving Brazil’s Gross Domestic Product (GDP) growth.
According to the National Supply Company (Conab), all the technology that 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 Brazilian agriculture, which now supplies the population with a diverse range of foods at stable prices, ensures surpluses for export, 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 built all this development and agricultural strength “with modest investments.” “Investments well below those of major agricultural nations like the United States, China, and India,” he explains.
Data from the U.S. Department of Agriculture shows that income generated in the field in Brazil is growing at a rate much higher than the rest of the world. In Brazilian soil, farmers’ income 
increases by 4.28% per year. In China, which ranks second in this ranking, the average increase is 3.25%. Americans rank seventh, with 1.93%.
The expert also noted that between 1975 and 2016, 80.6% of the growth in the country’s agricultural production was driven by productivity gains.
The result of this bet on technology becomes even clearer with Brazil’s economic performance last year. Agriculture was one of the main engines of GDP growth in 2017.
“Farmers heavily invested in technology for the 2016/2017 crops and were rewarded with excellent weather conditions, which ensured a record harvest of 238 million tons,” he said, adding that “this demonstrated the importance of the Brazilian agricultural sector to society and the Brazilian economy.”
Source: www.brazilgovnews.gov.br