USDA has announced $52.6 million in awards under the Fertilizer Production Expansion Program (FPEP) to boost domestic fertilizer production. The funds will also advance innovative fertilizer technologies with the goal of reducing overall costs for farmers.
A total of 17 projects have been identified and will receive funding from a $900 million grant program to expand U.S. fertilizer manufacturing. The ongoing challenges in the global fertilizer market amidst Russia’s ongoing invasion of Ukraine spurred the projects. USDA reports $121 million has been granted to 33 projects to begin or expand innovation with more awards expected in the coming months.
USDA also reports the expansion of double cropping insurance coverage in approximately 1,500 counties where double cropping is feasible.
Read more on USDA efforts to secure fertilizer production and insure double cropping here.
Featured
-
Trade Panel Rejects U.S. Complaint on Canada USMCA Dairy ImplementationNovember 29, 2023
-
Fifth Circuit Court Sides with Oil Refiners in Waiver RequestsNovember 29, 2023
-
Cropland Values Continue to Climb Despite Lower Farm IncomeNovember 27, 2023
-
Final USDA Crop Progress Report Pegs Corn at 96% HarvestedNovember 28, 2023
-
Warmer Temperatures, Precipitation to Kick Off DecemberNovember 29, 2023