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Study Released by the Center for Advanced Studies in Applied Economics Details the Numerous Job Opportunities Generated by Agribusiness Throughout Brazil
The Center for Advanced Research in Applied Economics – (Cepea / Esalq / USP) shows the performance of agribusiness in creating new job opportunities, with a 1.3% increase in the third quarter of 2020 compared to the previous quarter. The sector’s share in hiring reaches 20%.
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The survey indicates an increase of 217,000 people, bringing the total number of people employed in this sector to 16.94 million. In the same comparison, the number of employees in Brazil is moving in the opposite direction, showing a decrease of 1.06%, which equals over 883,000 people.
Researchers highlighted in this survey that the agribusiness labor market is recovering after the most critical period of the pandemic. Thus, by the third quarter of 2020, the agribusiness share in the Brazilian labor market reached 20.55%.
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An executive left his career in the city to restore the family’s small property, started with an organic garden of just one thousand square meters, and transformed the land into a farm that supplies supermarkets, employs hundreds of people, and became a national reference in organic food.
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A person from Minas Gerais started as an intern at a technology company, left convinced they wouldn’t return, created their own consultancy, and came back as a partner before becoming president and increasing the revenue from R$ 25.6 million to over R$ 100 million.
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A couple escapes the city’s violence, starts from scratch on leased land, buys their own farm, invests in strawberry cultivation, and transforms the small production into a family business that keeps children and grandchildren working in the field.
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Without anyone betting that Amazonian açaí would catch on in Rio Grande do Norte, he brought the seedling from Pará, planted 80 hectares, and transformed the “unlikely land” into a business that harvests 280 tons of fruit and exports pulp to Italy, the Netherlands, and Kuwait, proving that the superfood from the North thrived in the semi-arid region.
In comparison to the third quarter of 2019, this represents a reduction of 7.58%, equivalent to 1.39 million people, the most significant drop in the comparison of third quarters since the beginning of the historical series of Cepea in 2012.
Agribusiness – Sector Reached US$ 1 Trillion in Exports Over the Decade
The Ministry of Economy presented data showing that over the past ten years, the agribusiness sector has become increasingly important, accounting for a large part of the economy. From 2011 to 2020, the export value of the sector is nearly 1 trillion dollars, and the sector’s trade balance is 800 billion dollars. Exports not only affect the income and investment capacity of producers but also the internal prices, which in many cases begin to reflect external values.
