Brazil’s corn and soybean crops could have a major impact on global grain markets. Joanna Colussi, a research assistant professor of agricultural economics at Purdue University, identified fertilizer as the root of the problem.
Colussi discussed how the stagnant profit margins put financial stress on farmers.
According to her, farmers are now forced to take out loans to cover costs.
For Colussi, unfavorable weather could also be a limiting factor in Brazilian farmers’ crop production.
