WikiWealth

"With soil so rich that almost any crop will grow, Brazil is potentially one of the world's greatest agricultural nations. It exports cognac, champagne and wine to Argentina, the U.S. and Europe—including 30 million liters last year to France. It is the world's No. 1 producer and exporter of coffee, ranks seventh in soybeans and rice; sixth in tomatoes, sweet potatoes and peanuts; fifth in jute; fourth in tobacco and cotton; second in sisal, cane sugar, cacao, corn, oranges. Yet its agricultural technology is primitive and its export potentiality (it grows more bananas and pineapple than any other country, but exports little) is barely tapped."

Sources:

http://www.time.com/time/magazine/article/0,9171,895429,00.html