After months of intense lobbying, this past Monday, the U.S International Trade Commission voted against imposing import tariffs on urea ammonium nitrate (UAN) from Russia and Trinidad and Tobago. Effective immediately, the decision is a victory for U.S. farmers, giving hope that it will help level off the already-expensive input prices hampering farmer profitability. As a frame of reference, U.S. companies imported 2.2 million tons of UAN between the two countries in the past.
The National Corn Growers Association was the most outspoken group to come out against the tariffs when they were originally announced, with association president Chris Edgington commenting “We have been sounding the alarms and telling the ITC commissioners that tariffs will drive up input prices to even more unaffordable levels for farmers and cripple our supply. I am so glad they listened.”
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