Senate Judiciary Committee Examines Competition Issues in Seed, Fertilizer

Input costs are top of mind for farmers, as they contribute to higher prices and smaller profits.

NASHVILLE, TENN. (RFD-TV) — Input costs are top of mind for farmers, as they contribute to higher prices and smaller profits. The U.S. Senate Judiciary Committee is currently hosting a Tuesday hearing to examine input costs as part of a full committee hearing on competition issues in the seed and fertilizer industries.

“Now, nobody here wants to punish innovation,” said Sen. Chuck Grassley (R-IA). “We want better yields, healthier soils, quality products, and we’ve been vastly improving in that area for the last 40 years. But we also want competition that’s fair, transparent, and local competition that a farmer can actually express when he or she sits down to make a purchase.”

This is a developing story. We will continue to keep you updated on the hearing on the Market Day Report and Rural Evening News.

LATEST STORIES BY THIS AUTHOR:

Culver’s Quality Manager Jim Krombach explains why it is vital for brands to invest in the next generation of agriculture through organizations like FFA.
Tidal Grow Agri-Science joins us to celebrate Global Fertilizer Day, sharing how innovation continues to drive American agriculture forward.
The American Farm Bureau Federation (AFBF) is urging Congress and the Trump Administration to act quickly on behalf of American agriculture.
Better yield measurement means fairer grids, more precise breeding targets, and more dollars for truly efficient cattle.
The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.