Minas Gerais, Brazil, Shooting for a US$ 43 Bi Agribusiness GDP

    A farm in Minas Gerais, Brazil

    A farm in Minas Gerais, Brazil Minas Gerais, a state in the Brazilian Southeast, wants to end the year with a Gross Domestic Product (GDP) of 71 billion Brazilian reais (US$ 42.8 billion) for agribusiness. In the month of January, the sector growth was 1.18% over the same month in 2007, above the national average of 0.87%.

    The figures are part of the report by the Center of Advanced Studies in Applied Economics (Cepea), ordered by Minas Gerais's  Secretariat of Agriculture, Livestock and Supply (Seapa) and by the Federation of Agriculture and Livestock of Minas Gerais (Faemg).

    The livestock GDP of Minas Gerais stood out in the sector and grew 1.82% in January this year when compared to the same month in 2007. According to the Cepea, the prices of livestock products, both for the producer and for industry, are much higher than those observed in early 2007.

    According to the superintendent of Agricultural Economic Policy at the Secretariat of Agriculture, João Ricardo Albanez, all the livestock sectors posted growth in the first month of the year. One of those that contributed most to the GDP was the sale of raw milk and live cattle.

    The study shows that growth of the agricultural GDP of Minas Gerais in the first month of the year was 0.53%. The rising prices of inputs favored the performance.

    "Corn and soy crops should present modest growth in this harvest, but there has been a significant increase in prices paid to farmers," explained Albanez.

    With the expansion of the agribusiness productive chain, its participation in the GDP of Minas has risen from 48% in 2007 to 48.5% in the first quarter of this year, whereas the agricultural productive chain answers to 51.5%.

    Anba

    Tags:

    • Show Comments (2)

    • ..

      [quote]The most Portuguese of the Brazilian states, the most poetic of the states, the most soulful of the states. Viva Minas Gerais!!![/quote]

      MG is a very good state minus AÀƒ©cio Neves 😉

    • Amalia

      Minas
      The most Portuguese of the Brazilian states, the most poetic of the states, the most soulful of the states. Viva Minas Gerais!!!

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Carnaval in Brazil

    The Only Thing I Miss About Brazil Is the Craziness of Carnaval

    Though I frequently reminisce about the ‘old days’ living in Brazil (I relocated to ...

    Shooting on Goal

    Presidential hopeful José Serra’s decision to choose a woman as running mate could spur ...

    Sugarcane cutter in Brazil

    There’s No Place for Brazil’s Ethanol and Biofuels in a Real Green World

    An assorted alliance of organizations published an open letter [1] this Thursday, January 15, ...

    Brazil Opposition Accuses Lula of Buying Votes and Calls for Foreign Observers

    Brazilian President’s statement during a political rally that "democracy is not only clean stuff" ...

    Brazilian movie Noel, Poeta da Vila

    Directors and Actors Come to the US for Brazilian Film Week in DC

    From Thursday, November 13 through Sunday, November 16, people from Washington, DC and vicinity ...

    Brazilian Supreme Votes for End to Nepotism in the Courts

    As a result of a great effort, nepotism in the Brazilian government has been ...

    Brazil Cites Own Constitution to Recognize Bolivia’s Right to Nationalize Oil

    Brazilian President Luiz Inácio Lula da Silva’s press secretary released a statement in which ...

    Brazil’s Bank Workers End Longest Strike Ever

    Assemblies of Brazilian bank employees in 22 capitals decided to halt a strike that ...

    Brothers Jonatas and Davi were homeschooled

    Brazilian Couple Convicted for Homeschooling Their Two Kids

    Cleber and Bernadeth Nunes from Timóteo, a city 196 km (122 miles) from Belo ...

    Brazilian Bank Lends US$ 19 Million to Transport Grain

    The Brazilian Development Bank (BNDES) announced a loan of US$ 18.7 million for the ...