With no relief in sight, sky-high fertilizer prices will continue to knock on the door of profit potential this growing season. A number of lawmakers, ag groups and farmers are asking for assistance to better accommodate record-high input costs such as fertilizer. President Biden and White House officials have asked the Cabinet for payment options – one of which would be tapping the Commodity Credit Corporation Charter Act.
However, many wonder if pricing is more due to a lack of supply than overall costs, and if any relief payments could come in time for spring fertilizer application anyways. What’s currently certain is that the White House has asked railroads to accelerate the delivery of fertilizer supplies as planting season draws nearer.
Read more on fertilizer costs and possible payments here.
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