The U.S. International Trade Commission is considering finalizing the process of slapping duties on key foreign sources of urea ammonium nitrate fertilizer, but three GOP lawmakers are urging the agency to reverse course out of consideration for U.S. farmers, who are dealing with widespread inflation and supply chain disruptions.
Ukraine’s farmers are preparing to begin this year’s problematic summer harvest on the 75% of fields not under Russian occupation, but producers, analysts and political leaders are preoccupied with the broader question of where the grain will be stored as efforts falter to reopen exports through Black Sea ports.
The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers.
The Agriculture Department plans to loosen up existing Conservation Reserve Program rules by allowing participants to request termination of their CRP contract if they are in their final year of the agreement.
The war in Ukraine has laid bare the fact that agriculture is the key to national security. It’s a lesson that world leaders are taking to heart as they scramble to lessen global reliance on key sources of food and fertilizer, but it’s unclear if it will be too late to stop the slide from food crises to famine in some of the poorest and least developed countries.
Russia is doing whatever it can to stop Ukraine from supplying some of the poorest nations with its wheat, corn and sunflower seed oil, effectively using “hunger as a weapon of war,” U.S. Agriculture Secretary Tom Vilsack said during his participation at the G7 summit this weekend in Germany.
Ag ministers for the Group of Seven nations this weekend pledged action to counter the rising cost and scarcity of fertilizer, said U.S. Agriculture Secretary Tom Vilsack, who was at the meeting in Germany.