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USDA to invest 250 million to support American-made fertilizer

The US Department of Agriculture has announced it will support additional fertilizer production for American farmers to address rising costs, including the impact of Russia’s Ukrainian aggression. The USDA will make available $250 million through a new grant program this summer to support independent, innovative and sustainable American fertilizer production to supply American farmers.

Additionally, to address growing competition concerns in the agricultural supply chain, USDA will launch a public inquiry seeking information regarding seeds and agricultural inputs, fertilizer and retail markets.

USDA Agriculture Secretary Tom Vilsack: “Recent supply chain disruptions from the global pandemic to Russia President Vladimir Putin’s unprovoked war against Ukraine have shown just how important it is to invest in this crucial link in the agricultural supply chain here at home.”

“The planned investment is one example of many Biden-Harris Administration initiatives to bring production and jobs back to the United States, promote competition, and support American goods and services.”

Fertilizer prices more than doubled
Since last year, fertilizer prices have more than doubled due to many factors including Putin’s price hike, a limited supply of the relevant minerals and high energy costs, high global demand and agricultural commodity prices, reliance on fertilizer imports, and lack of competition in the fertilizer industry.

The US is a major importer and dependent on foreign fertilizer and is the second or third top importer for each of the three major components of fertilizer. The top producers of the major components of fertilizer include China, Russia, Canada and Morocco.


Source: agriculture.com


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