Congresswoman Mariannette Miller-Meeks (IA-01) released the following statement after the Administration suspended duties on phosphate fertilizer imports, which will lower input costs for American farmers by an estimated $1.82 billion every year.
Background
Phosphate fertilizer is a critical nutrient for crop production, but the United States is not self-sufficient in its production. Domestic output has declined significantly in recent decades while demand continues to grow, making imports essential to meeting the needs of American agriculture.
Global supply chains have faced increased strain due to geopolitical instability, including the Russia-Ukraine war and unrest in the Middle East. These disruptions have limited access to key inputs and contributed to higher prices for farmers.
Existing duties on Moroccan phosphate imports have further constrained supply and reduced competition in a highly concentrated global market. According to analysis from Texas A&M University’s Agricultural and Food Policy Center, these duties increased fertilizer costs for U.S. farmers by approximately $6.9 billion between 2021 and 2025.
Source : house.gov