Fertilizer Market Study: Price Transparency and Impact on Food Costs
This Act requires the U.S. Department of Agriculture to conduct a detailed study of the fertilizer market within one year. The goal is to understand fertilizer pricing patterns, supply chain disruptions, and potential anti-competitive practices. While the Act itself doesn't change prices, the resulting report will provide Congress with data needed to potentially stabilize food production costs, which could ultimately affect consumer prices.
Key points
Mandates a comprehensive report on the U.S. fertilizer industry, including its size, value, and pricing trends over the last 25 years.
Analyzes how fertilizer prices impact the costs farmers receive for their products and evaluates industry concentration for anti-competitive impacts.
Examines the feasibility of establishing mandatory public reporting of fertilizer prices to increase market transparency.
Assesses the impact of anti-dumping and countervailing duties on retail fertilizer prices paid by producers.
Expired
Citizen Poll