Tariff changes could save farmers money on fertilizer for the upcoming year. The U.S. Department of Commerce made a decision to significantly lower duties placed on phosphate fertilizers imported from Morocco. National Corn Growers Association Director of Public Policy for Trade and Biotechnology Nancy Martinez says the tariffs reduced import rates from 19.97 percent to 2.12 percent. “NCGA has been very vocal about what the high tariffs are doing to fertilizer prices across the country.” Martinez hopes this change will provide savings to farmers while giving them better access to scarce inputs. “Fertilizer is 30-to-40 percent of input costs to farmers, so those price increases are obviously not sustainable.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.