What do we know about the future of agriculture in Argentina, Brazil, Paraguay, and Uruguay?

Argentina, Brazil, Paraguay, and Uruguay (ABPU) have significant weight in the global agricultural market. In 2020–2022, the bloc accounted for 53.1 percent of Latin America and the Caribbean’s total agricultural exports, and 9.3 percent of the world total. This contribution is key in many products at the global level too, such as soybean products (for which the group accounts for 56 percent of world trade), corn (32 percent), bovine meat (26 percent), poultry meat (20 percent), pork meat (6 percent), and wheat (6 percent) (2020–2022 Comtrade data). These commodities are essential for global food security, particularly in regions with growing populations and increasing food demand, notably Asia and Africa. Ensuring the sustainability of ABPU production is paramount not only for food security but also for environmental concerns. ABPU projections show robust growth in cereal and oilseed production, which is expected to increase by 26 percent (118 million tons) by 2033/34 relative to 2023/24. Total exports of cereals and oilseeds are projected to rise by 74 million tons, reaching 355 million tons, driven largely by corn, soybeans, and wheat. Despite slowing growth in global demand and trade of food products, opportunities exist for ABPU countries to increase their food production and exports. Making the most of these opportunities will require increasing yields to maintain production growth while ensuring sustainability. To this end, technological advancements such as minimal soil disturbance, permanent cover cropping, crop diversification, intensive fattening, biotechnology, biological inputs, and precision agriculture can help increase productivity while minimizing environmental impact. The investments required to increase the use of enhanced technology could benefit greatly from a more stable political and macroeconomic context, as well as clear and consistent policies. For example, multilateral trade negotiations in agriculture should not be undermined. Collaboration among ABPU countries could greatly enhance the strategies needed to achieve these sustainability and food security objectives. The analysis described here is intended to kickstart this collaboration, which has shown significant potential for future work.