en.Wedoany.com Reported - U.S. Representative Eric Sorensen, a Democrat from Illinois, recently introduced a bipartisan Farm Bill amendment aimed at helping domestic fertilizer companies expand production and storage capacity through grants and low-interest loans from the U.S. Department of Agriculture (USDA). The amendment prioritizes small-scale producers and excludes the eligibility of the world's four largest fertilizer companies.
The amendment stipulates that grants and loans of up to $1 million will be prioritized for smaller domestic fertilizer producers, disallowing applications from large corporations such as Nutrien, Yara International, The Mosaic Co., and CF Industries. The bill has also garnered support from members of the House Agriculture Committee, including Representative Angie Craig of Minnesota, as well as bipartisan figures like Republican Representative Ashley Hinson of Iowa and Democratic Representative Sharice Davids of Kansas.
Agricultural organizations including the National Corn Growers Association and the Illinois Farm Bureau have expressed support for the legislation. The amendment text emphasizes that the USDA should prioritize funding for projects that promote fertilizer innovation, enhance domestic manufacturing capacity, and reduce price volatility. If a recipient company is subsequently transferred to a major fertilizer firm, the full amount of the funding must be repaid.
The submitted amendment will be considered at a hearing of the Rules Committee next week, after which it could proceed to a full floor vote. The deadline for submitting amendments is Wednesday at noon. Agriculture Secretary Brooke Rollins recently hinted at measures to lower fertilizer prices. The government has relaxed transportation requirements and adjusted import policies. Yet, urea prices have still risen by approximately 80% since the beginning of the year.
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