The Russian government's decision to suspend fertilizer exports will threaten supplies for farmers in the European Union, South America and Africa while eventually pushing up prices that U.S. farmers must pay, according to analysts.
The National Farmers Union, along with six of its state affiliates and five “right to repair” organizations, filed a complaint to the Federal Trade Commission Thursday alleging farm equipment giant John Deere is violating antitrust laws by restricting access to software embedded in its machines.
Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.
Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.
National Farmers Union members agreed Tuesday to put market competition, dairy policy reform, climate change, food processing reform and the agricultural supply chain at the top of their policy agenda for the upcoming year.
U.S. farmers are already suffering from high fertilizer costs, and Agriculture Secretary Tom Vilsack on Thursday warned suppliers not to try to take advantage of the chaos from the Russian invasion of Ukraine by raising prices.