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Fertilizer costs and proposed tariffs spotlighted as immediate threat to farm margins
Summary
Members and witnesses warned that high fertilizer costs, exposure to foreign supplies (notably Canadian potash), and tariff threats could deepen losses for crop producers already facing negative margins.
Members of the House Agriculture Committee and producers told the panel that elevated fertilizer prices and possible tariffs on energy and fertilizer imports are immediate drivers of declining farm margins.
Rodney Weinzierl, an Illinois corn and soybean grower and executive director of the Illinois Corn Growers, told the committee that ‘‘we import about 90% of our potassium fertilizer, which is one of the three macronutrients that row crops need,”…
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