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Agriculture

Agriculture

Agriculture played such an important part in Uruguayan history and national identity until the middle of the twentieth century that the entire country was then sometimes likened to a single huge estancia (agricultural estate) centered around Montevideo, where the wealth generated in the hinterland was spent, at its casco or administrative head.

Today, agriculture contributes roughly 11% to the country’s GDP and is still the main foreign exchange earner, putting Uruguay in line with other agricultural exporters like Brazil, Canada, and New Zealand.

Uruguay is a member of the Cairns Group of exporters of agricultural products.

Uruguay’s agriculture has relatively low inputs of labor, technology, and capital compared to other such countries, which results in comparatively lower yields per hectare but also opens the door for Uruguay to market its products as "natural" or "ecological." . Industry has developed recently around estancia tourism which capitalizes on the traditional or folkloric connotations associated with gaucho culture and the remaining resources of Uruguay's historic estancias.

Source: CIA Factbook, Wikipedia

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