Data & Forecasts

Brazil Now World's Leading Exporter of Soybeans

In recent years, Brazil's production of soybeans and soybean products have risen sharply as most areas of Brazil have seen rapid increases in area planted to soybeans and rising yields. Relatively high profits for soybean producers are expected to lead to an average increase in planted area of about 2% per year over the next decade, with increasing soybean plantings in the Cerrado region and expansion extending into the Legal Amazon region of Brazil.
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Base Acreage, Direct Payment Rates Vary by Commodity

Direct payments are farm program payments that are based on historical cropping patterns of major commodities, or "base acres," with per-acre rates fixed in legislation and not linked to current production or market prices. Direct payments per acre vary significantly by commodity. In 2008, rice and peanuts received the largest direct payments per acre ($96.25 and $45.85, respectively).
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Global Ag Equipment Production Remains 'Positive'

Overall, the global agricultural machinery industry remains positive; worldwide production volume is expected to increase to $110 billion (86 billion) by year-end 2012 and could grow by another 5% in 2013, according to reports from the Agrievolution Economic Committee, a gathering of the world's largest agricultural machinery associations.
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