NASHVILLE, Tenn. (RFD News) — The European Union will temporarily suspend duties on key nitrogen-based fertilizers for one year as global supply concerns continue growing following the conflict involving Iran.
EU leaders say the move is intended to help ease pressure on farmers after disruptions tied to the Strait of Hormuz closure helped push fertilizer prices higher.
Officials also warn global planting conditions are already facing added strain, including reduced wheat planting in Australia and growing concerns surrounding rice supplies across parts of Asia.
The tariff suspension will not apply to fertilizer imports from Russia or Belarus.
Related Stories
The analysis models how trade disruptions in the Strait of Hormuz may continue to drive up the cost of fertilizer.
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
Study looks at how triazine chemistry impacts effectiveness against resistant weeds
With fewer young people entering agriculture and farmers nearing retirement, industry leaders warn of challenges ahead while working to keep farming profitable and sustainable.
A late-season freeze in northeast Louisiana has forced farmers to replant thousands of corn acres, adding costs, straining seed supplies, and raising concerns about shifting to soybeans.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
