A Senate Judiciary hearing was held on Tuesday to attempt to address high input costs for farmers from seed prices to fertilizer costs. American Soybean Association President Caleb Ragland told Judiciary lawmakers some recommendations for driving down fertilizer costs.
Despite the suggestions made at the hearing to help lower fertilizer costs, The Fertilizer Institute’s CEO Corey Rosenbusch said the U.S. has little ability to lower fertilizer prices.
He adds that improvements to domestic fertilizer production infrastructure come at a high price.
The U.S. is heavily dependent on Canada for potash and China and Mexico for fertilizers. ASA’s Ragland says farm aid is needed for growers right now.
Ragland says that ASA supports Chairman Chuck Grassley’s bill for the USDA to study high fertilizer costs and offer potential solutions.
