Fertilizer Market Study: Price Transparency and Impact on Farming Costs.
This law requires the Department of Agriculture to publish a detailed report on the U.S. fertilizer market within one year. The goal is to increase price transparency, study how market concentration affects farmer costs, and assess the impact of import duties. This information is intended to guide future policy decisions that could stabilize food production costs, potentially benefiting consumers through more stable grocery prices.
Key points
The government will study why fertilizer prices are what they are, analyzing 25 years of price history, market trends, and the impact of anti-dumping duties.
The report will evaluate whether high concentration among fertilizer companies harms competition and increases costs for farmers, potentially leading to higher food prices.
The Department of Agriculture must recommend whether mandatory, regular reporting of fertilizer prices should be established to ensure market transparency for all participants.
Expired
Citizen Poll