USDA Redirects $500 Million to Expand Domestic Fertilizer Capacity
The program will back production-ready projects with private financing as officials aim to speed supply and lower fertilizer prices for farmers.
- Agriculture Secretary Brooke Rollins announced Wednesday that the USDA will invest $500 million in new and existing fertilizer facilities to fast track domestic production and prioritize 'shovel-ready projects.'
- Geopolitical conflicts and trade disputes have elevated fertilizer prices in recent years, prompting President Donald Trump to suspend duties on Moroccan phosphate imports, a move estimated to reduce prices by 22%.
- The USDA will accept applications for 45 days, requiring projects to 'have all the financial backing moving forward' and qualify as 'feasible projects' ready for implementation.
- Joshua Westling, founder of J. Westling & Co., said the federal capital 'made it possible for projects like ours to attract the private capital' needed for development.
- Officials are focusing on these investments to ensure fertilizer supply for next year's planting season, aiming to lower long-term costs by encouraging competition within agriculture.
12 Articles
12 Articles
USDA Announces $500 Million Program to Boost Domestic Fertilizer Production
The U.S. Department of Agriculture (USDA) on July 29 announced it was launching a new $500 million program for agricultural producers with the goal of boosting domestic fertilizer production and strengthening the U.S. supply chain. The Fertilizer Investment & Expansion for Long-Term Domestic Supply (FIELDS) program was heralded as a means to lower fertilizer costs for American farmers in a press conference by Secretary of Agriculture Brooke Roll…
USDA to Fund $500 Million to 'Fast Track' Fertilizer Plants
(Bloomberg) — The US Department of Agriculture will invest $500 million in new and existing fertilizer facilities to “fast track” more production in America, Agriculture Secretary Brooke Rollins said in a press conference Wednesday.
USDA announces $500 million in funding to expand US domestic fertilizer production
U.S. Agriculture Secretary Brooke Rollins on Wednesday announced $500 million in funds to expand domestic fertilizer production after the Iran war drove up prices for the farming inputs.
USDA to Invest $500 Million to ‘Fast Track’ US Fertilizer Plants
The US Department of Agriculture will invest $500 million in new and existing fertilizer facilities to “fast track” more production in America, Agriculture Secretary Brooke Rollins said in a press conference Wednesday.
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