The U.S. fertilizer sector is doing well, buoyed by solid demand and strong commodity prices, but the industry is increasingly concerned about disruptions like low water levels in the Mississippi River and a potential rail strike, says Corey Rosenbusch, president and CEO of The Fertilizer Institute.
Despite some improvement from a week ago, record-low water levels are continuing to hinder grain transportation on the Mississippi River, leaving farmers with fewer alternatives for getting their crops onto barges to export.
The Army Corps of Engineers released its much-anticipated spending plan Wednesday for nearly $23 billion in supplemental funding, including about $4 billion for commercial navigation improvements at ports and on inland waterways, including the Mississippi River.
The Supreme Court announces whether it will hear arguments in three cases important to farmers, while lawmakers put a focus on water infrastructure needs and a House panel examines the impact that a shift to electric vehicles could have on U.S. agriculture.
The Biden administration expects to start distributing the first dollars from the new, bipartisan infrastructure bill in the first half of 2022, but it is likely to take significantly longer for farmers and rural Americans to see some of the long-sought spending.