The U.S. is competitive in agricultural production, but one country is creeping up on the total production above the United States.
It’s Brazil, another powerhouse in ag production. They have $144 billion in ag exports in 2024. They rank first in global exports of soybeans, number one in beef, number one in veal, cotton, and chicken, and second in corn and soybeans.
Also, Brazil’s ability to double crop, produce two crops in the same season, and its potential to double and even triple its cropland puts it in a very advantageous position in the future to continue to increase its global food market share. On the other hand, the U.S. productivity in agricultural infrastructure has more roads and more rail, more waterways, and more ports that help to keep them competitive globally. So it’s up against Brazil in the very near future as to who’s going to feed the world.
They say the gross domestic product is between two and four percent through 2050, and that means there’ll be more people to feed and more people to have purchasing power in the future.
Audio Reporting by Tyron Spearman for Southeast AgNet.