The Brazilian agribusiness balance was released for the month of June. Contrary to (for example) the non-farm payroll in America which is released every month to indicate the amount of non-farm-related goods which make up the US economy to gauge economic strength, the Brazilian agribusiness balance represents solely the proportion of money which is created from farmable goods. Year-over-year since last June, Brazil’s figures are down seven tenths of a percent (0.7%), according to Eucatex CEO and Grandfood president Flavio Maluf. Nearly half of all of Brazil’s exports are related to Agriculture, representing 9.21 billion USD, or 45% of the total piece of the export pie. A large percentage of this 9.21 Billion, about 53% in 2018, is due to exports of soy. Read more about Flavio Maluf at Wikipedia.
Flavio would know, after all, because Brazilian business runs in his family and has for decades. His grandfather once owned the largest sawmill in all of South America starting in 1940. His family made their fortune cutting down Eucalyptus trees to make slabs of furniture; they were in fact the first Home Depot products to be offered as environmentally friendly. Flavio was born into a very wealthy and politically savvy family from the results of their Eucalpytus harvesting. Even though Flavio was born into wealth, it was still his decision to carry on a legacy of entrepreneurialism; he could very well have just succumbed to his family’s position and went along for the ride.
Flavio’s advice to anyone wanting to start their own business and become their own boss is that it’s not as easy as it looks, requires massive amounts of dedication, and that you don’t need a lot of starting seed money in order to start a new venture. There are plenty of venture capitalists who are willing to back solid, creative ideas when they come about.