Higher Costs and Lower Profits for Brazilian Soybean Farmers in 2019 An analyst at Brazil’s investing banking firm Itaú BBA, Guilherme Bellotti, is predicting that the country’s soybean farmers will see higher input costs and lower profits in the next growing season versus the previous one. He expects the costs of fertilizers and pesticides to rise by at least 20 percent, partly because of higher costs to transport the products to the major soybean-growing areas due to the mandated minimum trucking rates. Farmers will also have higher costs transporting their soybean crop to terminals and ports for the same reason. Mr. Bellotti estimates soybean farmers’ margins in Mato Grosso will decline from about 2,155 reals (...