President Trump Takes Action to Lower Fertilizer Costs and Support American Farmers
Today, President Donald J. Trump signed a proclamation temporarily suspending countervailing duties (CVDs) on certain phosphate fertilizer imports, providing immediate relief to American farmers while advancing the Administration’s broader strategy to strengthen America’s fertilizer supply chain.
The temporary suspension will increase phosphate fertilizer availability, improve competition, and help lower one of agriculture’s largest production expenses while supporting a stable and reliable fertilizer supply ahead of future planting seasons.
In addition to providing immediate relief through increased fertilizer availability, USDA continues to support long-term domestic fertilizer production by advancing major manufacturing projects nationwide that will strengthen supply chains, create rural jobs, and reduce America’s reliance on foreign fertilizer sources.
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Iowa Corn Growers Applaud Suspension of Phosphate CVDs
Yesterday, President Trump signed an executive order instituting a temporary suspension of countervailing duties applied to imported phosphate. In response to this development, Iowa farmer and Iowa Corn Growers Association (ICGA) President Mark Mueller released the following statement:
“This news is a relief for Iowa’s corn growers, who have faced continually rising costs and market uncertainty for far too long. Fertilizer prices have become a barrier to profitability, driven higher by market consolidation and supply chain challenges. Lower input costs are critical for Iowa farmers to continue feeding our nation and supporting our rural communities.
“ICGA thanks President Trump for recognizing the economic outlook facing American farmers right now and taking steps to alleviate some of that pressure. Measures like these are a positive step forward as the sunset review and the antitrust investigations are taking place.”
