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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
Eight businesses are set to split $29 million to boost domestic fertilizer production capacity for projects that the Agriculture Department says will have a near-term impact on the 2023 and 2024 crop years.
Fertilizer prices were already soaring due to weather and supply chain shocks exacerbated by the COVID pandemic before Russia invaded Ukraine in February, leading USDA to announce a $250 million investment in new U.S. production capacity. The question is how much impact that funding can have.
