ANALYSIS OF THE RISKS THAT COMPROMISED SOYBEAN PROFITABILITY IN THE CENTER-WEST REGION BETWEEN 2013 AND 2023

• DOI: https://doi.org/10.22533/at.ed.973512507012

• Palavras-chave: Agribusiness. Soybeans. Risks. Profitability.

• Keywords: Agribusiness. Soybeans. Risks. Profitability.

• Abstract:

  According to a survey by the Ministry of Agriculture, Livestock and Supply (MAPA), agribusiness accounted for 44% of the country's exports in 2017. In 2020, agribusiness GDP rose to a record 24.31%. In that same year of 2020, of Brazil's R$7.45 trillion GDP, agribusiness accounted for almost R$2 trillion. Between January and September 2023, agribusiness exports totaled R$126.22 billion, an all-time record, with growth of 3.6% compared to the same period in 2022. In the economic scenario in which the world is currently inserted, there is a strong demand for commodities, a factor that is increasingly contributing to agribusiness and creating different possibilities throughout the production chain. Production takes place in all regions of the country, in production systems that alternate crops, with soybeans and corn standing out as the predominant crops. Regionally, the Midwest stands out as the largest grain producer, concentrating 45% of soybean production, 42% of sorghum and safrinha corn with 73% of national production, referring to the 2017/18 harvest. In view of this, the aim of this study is to verify which risks inherent to agricultural activity have the greatest impact on soybean cultivation and its profitability in the Midwest between 2013 and 2023. The results show that price and production risks are more prevalent in the Midwest region and that farmers need to be made aware of instruments for managing price risks, such as the futures and forward markets.