Sep 22, 2015

Mato Grosso once again Leads Brazil in Agricultural Receipts

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

For the second year in a row, the state of Mato Grosso is the leading state in Brazil in gross agricultural receipts, surpassing the state of Sao Paulo. Mato Grosso is the number one producer of soybeans, corn, cotton and cattle with these four products representing 89% of the gross receipts in the state. The gross receipts in Mato Grosso this year are expected to be R$ 62.3 billion compared to Sao Paulo at R$ 61.2 billion.

During the 2014/15 growing season Mato Grosso was responsible for 29% of Brazil's soybean production, 24.5% of Brazil's corn production, and 56.5% of Brazil's cotton production. During the three month period of April, May, and June, there were 1.1 million head of cattle slaughtered in the state placing it ahead of Mato Grosso do Sul, Minas Gerais, Goias, and Sao Paulo. During the 2015/16 growing season, the soybean acreage in Mato Grosso will be the equivalent of Iowa, Illinois, and approximately half of Indiana combined.

Analysts done in August by the Ministry of Agriculture indicates that for 2015 the gross agricultural receipts for Brazil will be R$ 473.2 billion, which is 1% more than in 2014. The 21 crops analyzed had an increase of 0.3% to R$ 303.3 billion and livestock operations increased 2.2% to R$ 169.8 billion.