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U.S. Senate panel to examine fertilizer costs, food prices
Witnesses will describe how fertilizer shortages and higher input costs are squeezing farmers and pushing up food prices, the American Farm Bureau Federation said.
- The Senate Agriculture Committee will hold a hearing on Tuesday afternoon in the Dirksen Senate Office Building to examine disruptions in the fertilizer industry and rising costs for American farmers.
- Global conflicts have disrupted fertilizer supplies; China limited exports to protect domestic stocks, while conflicts involving Iran impact the Strait of Hormuz and Ukrainian strikes on Russian infrastructure reduce sulfur and ammonia availability.
- U.S. Drought Monitor data shows roughly 90% of Nebraska and Oklahoma face drought conditions, while 48% of the U.S. cattle herd suffers severe drought, likely increasing beef prices by reducing feed supplies.
- According to the American Farm Bureau Federation, fuel and fertilizer costs have risen between 20% and 40%, while nitrogen and urea prices surged more than 30% and 47% respectively since late February.
- Industry experts including CEO Corey Rosenbusch of The Fertilizer Institute and president Eddie Melton of the Kentucky Farm Bureau Federation will testify before the committee on strategies for ensuring a stable and affordable supply.
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U.S. Senate panel to examine fertilizer costs, food prices
(The Center Square) – The U.S. Senate Agriculture Committee will hold a hearing on Tuesday afternoon looking at disruptions in the fertilizer industry and the impact rising costs are having on American farmers and food prices.
·Cherokee County, United States
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Total News Sources13
Leaning Left0Leaning Right2Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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