Agricultural Production Value Reaches R$1.189 Trillion in 2022, Marking the Second Highest Result Recorded in 34 Years of Calculation

Written by Bruno Teles

Published on 17/01/2023 at 15:10

Valor da Produção Agropecuária (Foto/divulgação)

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The Gross Value of Agricultural Production (VBP) for 2022 closed at about R$ 1.189 trillion. On Monday (16), the announcement was made. This is the second highest value in a series of 34 years of calculations that this indicator has. In crops, the revenue was R$ 814.77 billion and in livestock, it was around R$ 374.27 billion.

The VBP has shown the evolution and performance of Brazilian crops and livestock throughout the year, corresponding to the revenue of all establishments. It is calculated based on all productions and prices received by those responsible for the main markets in the country and the 26 largest products of national agriculture. The real value, in addition to being obtained, is also adjusted for inflation, using the General Price Index – Internal Availability (IGP-DI) and the Getúlio Vargas Foundation (FGV). The consistency is monthly with the disclosure and even update by the 15th of each month.

In 2022, the Gross Value of Production was marked by some positive results in various products, as well as the growth of agribusiness exports and each agricultural price. Drought was the factor that most harmed performance, particularly in parts of the Midwest and the South Region, resulting in losses in soybean, corn, and beans production, negatively affecting farmers. Due to supply loss, livestock was also impacted.

Cotton, coffee, corn, wheat, and milk were the products that stood out the most in 2022. These products reached some of the highest VBP values in the entire historical period. The produced quantity and price were among the factors that most promoted these products.

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Forecast for 2023

For 2023, the VBP is estimated to be 6.3% higher than that of 2022, potentially reaching over R$ 1.263 trillion. Livestock is expected to see an increase of 1.9% and crops around 8.3%. As of now, the most important plans this year are to recover the Gross Value of Production of soybeans, which is expected to reach around R$ 406.4 billion. For coffee, cotton, and wheat, a slightly lower performance is anticipated. Corn, soybeans, sugarcane, coffee, and cotton are the top five in VBP and represent about over 83.7% of the Gross Value of Production.

Agricultural Production Value Reaches R$1.189 Trillion in 2022, Marking the Second Highest Result Recorded in 34 Years of Calculation

Forecast for 2023

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Agricultural Production Value Reaches R$1.189 Trillion in 2022, Marking the Second Highest Result Recorded in 34 Years of Calculation

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