House Bill 1369 would transfer $500 million from North Dakota’s Strategic Investment and Improvements Fund to the Fertilizer Development Fund. The goal is for the state to incentivize a plant to convert natural gas to nitrogen fertilizer. Agriculture Commissioner Doug Goehring testified in favor of the bill in the House Appropriations Committee. “The resources to manufacture fertilizer are abundant, they’re reliable, and they’re cheap,” explained Goehring. “Between 2000 and 2021, the price of nitrogen fertilizer increased 400 percent; additionally, it’s estimated that anhydrous production will need to increase by 40 percent by 2050 just to feed the world’s demands. Agriculture and the public gain the biggest benefits from projects that this Legislature or this bill could support.”
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