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The Soybean, One of the Main Products of Brazilian Agriculture, Is Worth 570 Times More Than Gold Production. This “Green Gold” Is Transforming Brazil’s Economy, Surpassing Even Traditional Mining. The Country Now Sees Agriculture as Its Main Economic Engine, While Mining Struggles to Stay Competitive.
In Brazil, a country historically recognized for its vast mineral reserves, a new economic engine has emerged with overwhelming force.
No, we are not talking about gold, but rather an agricultural product that today is worth an impressive 570 times more than gold extraction in the country. Surprised?
Continue reading to discover what this phenomenon is and how it is transforming the Brazilian economy.
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According to data from 2023, soybean is emerging as one of the main pillars of the agricultural sector. The production of this essential grain reached the mark of R$ 348 billion, making it the largest source of wealth in Brazilian agriculture.
For comparison, gold production in the same period yielded only R$ 610 million. The disparity is evident: the value generated by soybeans is 570 times greater than that of gold extraction, according to a survey by the Brazilian Institute of Mining (IBRAM).
The Power of Soybeans in Brazil
According to the portal Cumpre Rural, soybeans, which has been in Brazil for 100 years, have seen impressive development over the decades.
Today, the grain is cultivated in 23 of the 26 Brazilian states, with the Centre-West region accounting for about 50% of national production.
The impact of this production is felt in municipalities of all sizes, especially in agricultural cities like Sorriso (MT). This municipality generates wealth equivalent to 120 times the entire gold production of the country.
The soybean culture in Brazil has advanced due to investments in technology, research, and territorial expansion, becoming a global powerhouse.
In the 110 municipalities that produce the most soybeans, the value generated far exceeds the entire gold production in Brazil.
Gold in Decline and Agriculture on the Rise
As soybeans advance, gold mining faces challenges. Gold production is concentrated in states like Mato Grosso, Minas Gerais, Pará, Goiás, and Amapá and declined by 11.9% in dollars in 2023.
Even with its historical significance, gold cannot compete with the economic impact of soybeans, whose numbers keep growing.
The Brazilian agribusiness not only surpasses gold in generated value but also demonstrates continuous growth.
The projection for the next soybean harvest indicates a 4% increase, further consolidating Brazil’s position in the global agricultural export scene.
The Future Prospects: Soybeans or Gold?
The future of Brazil seems more tied to agriculture than mining, even with promises of investment in the mineral sector.
It is estimated that US$ 64.5 billion will be allocated to mining by 2028, focusing on socio-environmental projects and critical minerals.
However, soybeans remain unbeatable. With a growing demand and an increasingly modern agricultural structure, Brazil seems destined to maintain its leadership position in global soybean production.
While mining needs to reinvent itself to deal with new challenges, soybeans have already secured their place at the top of the national economy.
Many call this phenomenon “green gold,” and it is not without reason: the grain is more profitable than traditional gold, and its impact on local economies is tangible.
Brazil of Green Gold
Brazil is undergoing a transformation. Agribusiness, especially soybean production, is now worth 570 times more than gold, and this disparity continues to increase.
The country, traditionally known for its mineral wealth, sees in agribusiness the main engine of economic growth for the coming years.
The challenge now is to continue growing sustainably and consolidate Brazil’s role as a global leader in food production, without neglecting the responsibility to preserve its natural resources.
And you, do you believe that agribusiness will continue to surpass mining in the future?
80% da população brasileira não tem terra e nunca terá condições de ser produtor de soja. 50% da população são analfabetos e miseráveis e se amontoam e se degladiam nas periferias das grandes cidades pra sobreviver. Indústrias geram emprego e valor agregado. Ciência e Educação vale infinitamente mais que qualquer comodites. O ouro verde é pra uma minoria que mandam nos municípios, nos Estados e no Brasil. Estamos retrocedendo à época dos senhores feudais. O Agro nunca foi pop, este título é uma grande enganação. Metade da soja exportada pelo Brasil é para alimentar os porcos dos chineses ****.
A sociedade brasileira é totalmente desinformada em termos de investimentos, produção e explorações de recursos **** no Brasil. A realidade é totalmente diferente do ouvem, pensam e imaginam.
Prefiro nem comentar aquí pra não assustar o(a)s desinformado(a)s.
Kkkkkk
Que bom ouro , não se come enquanto soja serve para diversas coisas