USDA will make available $250 million through a new grant programme this summer to support independent, innovative and sustainable American fertiliser production to supply American farmers
The US Department of Agriculture (USDA) is announcing it will support additional fertiliser production for American farmers to address rising costs, including the impact of Putin’s price hike on farmers, and spur competition.
USDA will make available $250 million through a new grant programme this summer to support independent, innovative and sustainable American fertiliser 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, fertiliser, and retail markets.
“Recent supply chain disruptions from the global pandemic to 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,” said Agriculture Secretary Tom Vilsack.
Fertiliser prices have more than doubled since last year 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 fertiliser imports, and lack of competition in the fertiliser industry.
The new programme will support fertiliser production that is:
- Independent;
- Made in America;
- Innovative;
- Sustainable;
- Farmer-focused
Secretary Vilsack said, “As I talk to farmers, ranchers and agriculture and food companies about the recent market challenges, I hear significant concerns about whether large companies along the supply chain are taking advantage of the situation by increasing profits—not just responding to supply and demand or passing along the costs.”
