Mar 21, 2016

Agricultural Officials from U.S. Government and Mato Grosso Meet

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

A meeting was held last week between representatives of the U.S. Department of Agriculture's Foreign Agricultural Service, and the U.S. Embassy with representatives from the Agriculture and Livestock Federation of Mato Grosso (Famato), the Mato Grosso Institute of Agricultural Economics (Imea), and the Soybean and Corn Producers Association of Mato Grosso (Aprosoja). The purpose of the meeting was to refine bilateral relations between Brazil and the U.S. and to better understand the agricultural situation in Brazil, the market reality in Brazil, and especially to better understand the agriculture situation in Mato Grosso, which is Brazil's largest grain producing state.

U.S. government officials and researchers wanted to better understand how fluctuations in the Brazilian currency is impacting soybean producers in the state in addition to the impact of last year's hot and dry weather on soybean production. They also were there to build "bridges of understanding" between the U.S. and Brazil concerning agriculture and potential opportunities for increased bilateral commerce.

Officials from Famato detailed the risks and uncertainties concerning agricultural markets in Brazil and officials from Imea explained the challenges facing Brazilian farmers regarding increasing agricultural production in Brazil based on sustainability.