USDA will soon dish out more than $100 million on increasing domestic fertilizer production.
They will be spending $116 million on the effort, with the money coming from the Commodity Credit Corporation. The funds will help expand fertilizer production in nine states across eight different facilities.
Ag Secretary Tom Vilsack says he hopes the money will lower inputs while increasing options for farmers. So far through the Fertilizer Production Expansion Program, USDA has spent more than half a billion dollars on more than 75 fertilizer facilities.
Related Stories
The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
China’s grain expansion model may be hitting its limit. Lower prices, high rents, and policy fatigue threaten future output — with ripple effects across global feed and oilseed markets.
U.S. Rep. Dusty Johnson (R-SD) shares his outlook on the developing U.S.-China Trade agreement, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
Rollins will also tour a small soybean operation in Iowa before her appearance at Lucas Oil Stadium.
Global agriculture is stabilizing after years of price swings, with flat to modestly rising returns expected as productivity offsets slower demand growth.
Export volumes remain positive year-to-date, but weaker soybean loadings and slowing wheat movement hint at early bottlenecks in global demand or river logistics. Farmers should watch basis levels and freight conditions as export competition heats up.