The U.S. International Trade Commission ruled Thursday that U.S. phosphate fertilizer companies are “materially injured” by imports from Morocco and Russia, a decision that assures the Commerce Department will begin levying steep duties.
Farmers are paying more for the phosphate fertilizer they need as foreign and domestic producers fight for public opinion on whether the U.S. government should punish imports of the valuable crop production input with duties.
A dizzying array of ongoing research projects, with sponsors ranging from the Energy Department to multinational food industry giants, may determine whether carbon credit markets can become a reliable, meaningful source of income for farmers.
Nutrien reported a third-quarter loss of $1.03 per share primarily related to an $823 million writedown of its phosphate assets, compared to earnings of $141 million for the same quarter a year ago, but otherwise had a good quarter, the company said.
A semi-annual global fertilizer report published by RaboResearch in June shows that imports of nitrogen, phosphate and potash to North America in the first quarter of 2020 were down 22% from last year, despite an increase in the number of planted acres.
Nearly one in every two American farmers would be interested in being paid to help reduce climate change, even though the climate issue is a relatively low priority and producers aren’t necessarily worried about its impact on their operations, according to the latest Agri-Pulse poll of U.S. agriculture.
Senior political leaders at USDA, which has been accused of downplaying the climate issue, say helping farmers address climate change is a priority for the department, asserting that sustainably increasing food production to feed a growing global population is a matter of “world security.”