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USDA Agricultural Projections to 2029
Manage episode 312576084 series 3238213
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Finally, we conclude some reasons why to invest in soybean crops in Brazil. Large expansions in Brazil in soybean production in new lands areas, Brazil is an example where both factors of production are expanding, as new technologies allow the production area and yield to grow. The world’s annual soybean trade is projected to increase by 35.7 million tons (23.5 percent) during the projection period, reaching 187 million tons by 2029/30. Brazil’s soybean exports are projected to rise 21.8 million tons (29 percent) to 97.4 million tons in ten years. These are real reasons to a good investment in rural business. This report was released on February 14, 2020.
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