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Rep. Barry Moore demands Biden act to reduce fertilizer cost

April 6, 2022

Washington, D.C. —Today, Rep. Barry Moore (AL-02) sent a letter to President Biden urging immediate action on rising fertilizer prices. 

“Farmers have faced unprecedented challenges from Joe Biden's failing policies. Right now, farmers are being hammered by labor shortages, a broken supply chain, rising energy costs, and record-high fertilizer prices, making it harder for farmers to operate their farms, ultimately hurting American consumers,” said Rep. Moore. “The long-term impacts will be irreversible, and the Biden administration must act now before it’s too late for our farmers. I'm proud to join my colleagues to advocate for lower fertilizer costs and relieve pressures on our farmers.”

Background:

Fertilizer prices rose significantly through March of this year. Diammonium phosphate (DAP), the world’s most commonly used fertilizer, reached its highest price on record last week, up 16% from the previous month. The price of urea rose 10% in the same period.

Prices have been further impacted by the current conflict in Ukraine, with the ongoing war and sanctions bringing Russian fertilizer imports to a standstill. Russia is consistently among the world’s leading exporters of fertilizer, with a trade volume of nearly $9 billion annually.

You can read the letter in its entirety here.