Statement: International Trade Commission Will Not Impose Nitrogen Fertilizer Tariffs
Upon hearing news at the U.S. International Trade Commission (ITC) ruled today against imposing tariffs on nitrogen fertilizers imported from Russia and Trinidad and Tobago, IL Corn Growers Association President Marty Marr, a farmer from Jacksonville, IL, issued the following statement:
“This is important news for Illinois corn farmers who have faced fertilizer prices more than double this year and were fearful of further increases. Tariffs would have exacerbated what was already a massive problem for Illinois family farmers.
“IL Corn has talked with our elected officials about fertilizer price increases and even led our members to contact CF Industries to share the impact of the price increases on their farms. Our national association, National Corn Growers Association, even testified at an ITC public hearing. We’ve worked hard to make our voices heard and its encouraging that ITC listened.”
ITC’s decision takes effect immediately.
While pleased at this action and its impact on Illinois corn farmers, IL Corn continues to be concerned about consolidation in the fertilizer industry. The doubling of fertilizer prices is continuing into the 2023 crop year, stressing the profitability of Illinois farm families.