Hinson Leads Legislative Push to Bring Fairness & Transparency to Fertilizer Market for Farmers

Washington, D.C. — Yesterday, Congresswoman Ashley Hinson (IA-02) joined Congressman Dusty Johnson (SD-AL) to introduce the bipartisan Fertilizer Transparency Act to give American farmers access to timely and accurate information on fertilizer prices. Specifically, this bill would require the U.S. Department of Agriculture (USDA) to collect and publish data on fertilizer prices from manufacturers on a weekly basis. Currently, USDA conducts an annual voluntary survey on the prices that producers pay for inputs.

“Our ag economy is facing real challenges and producers are struggling to make ends meet amid historically high input costs and current market conditions. Despite this uncertainty, our farmers continue to work tirelessly to feed and fuel the world, and they deserve greater predictability. The bipartisan Fertilizer Transparency Act will provide long-overdue price transparency in fertilizer markets while promoting greater competition in the ag economy.” — Congresswoman Ashley Hinson
 
Companion legislation was introduced by Senators Thune (R-SD), Grassley (R-IA), Klobuchar (D-MN), and Baldwin (D-WI). This bill is also cosponsored by Reps. Brad Finstad (MN-01), Angie Craig (MN-02), Mariannette Miller-Meeks (IA-01), Nikki Budzinski (IL-13), Josh Riley (NY-19), Randy Feenstra (IA-04), Jimmy Panetta (CA-19), Sharice Davids (KS-03), Zach Nunn (IA-03), and Eric Sorensen (IL-17).

This legislation builds on Hinson’s longstanding efforts to improve transparency and competition for ag inputs. In September, Hinson reintroduced the bipartisan Fertilizer Research Act to require USDA to study competition and market trends in the fertilizer industry.

Bill text can be found here. 

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