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United States Department of Agriculture (USDA) is planning to invest an initial sum of US$250 million for the production of fertilizers in the country. USDA said the goal is the reduction of input costs, which have been strongly affected by the sanctions imposed on Russia, (a leading global supplier) and stimulate competition in the US.
Federal action to bring down stratospheric fertilizer prices is in the works, but it’s not clear if aid will come soon enough to help farmers this growing season.
Public Input Needed to Identify Competition Challenges
The Agriculture Department says funding of more than $166 million through last year's infrastructure bill will help build resilience, and more is on the
USDA rolled out its Partnership for Climate-Smart Commodities pilot program this week, offering a chance for businesses and other organizations to create voluntary market incentives on working lands to measure, quantify and verify practices that lower or minimize emissions of carbon and other greenhouse gases. Among the goals is the prospect of premiums for how producers grow their products, which could include a potential USDA label.