Farm groups are raising concerns about a recent trade ruling that could impact herbicide prices.
The U.S. International Trade Commission has determined that imports of 2,4-D from China and India are harming Corteva Agriscience, the only U.S. producer.
As DTN reports, the ruling could lead to new import duties, though the final rates have not yet been set. Corteva argued that the imported products were unfairly priced and undercut their sales.
Groups like the National Corn Growers Association and American Soybean Association say the decision could drive up costs and reduce access to a key weed control tool. They also say the timing could not be worse for U.S. farmers.
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The Fertilizer Research Act, reintroduced by Sens. Grassley, Ernst, and Baldwin, would direct the USDA to study and publish public reports on competition and pricing trends in the fertilizer market.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
“This flight between Israel and Iran had a very direct relationship to the urea market.”
“We’ve got to keep our head up... there will be opportunities as we move forward.”
