Illinois Soybean Growers (ISG) is concerned by Mosaic’s announcement that it will scale back domestic phosphate fertilizer production as sulfuric acid costs continue to rise, at a time when farmers are already facing tight margins and continued uncertainty in the farm economy.
“Fertilizer availability and affordability remain a top priority for Illinois soybean farmers,” said ISG Chairman Bryan Severs. “When domestic phosphate production is reduced, it only adds more pressure for growers who are already dealing with higher input costs and difficult market conditions.”
ISG is urging the Trump administration to take direct and immediate action on fertilizer costs and supply chain challenges, including a reassessment and elimination of countervailing duties on imported phosphate fertilizers from Morocco and Russia. Continued pressure in fertilizer markets adds financial strain to already elevated input costs for soybean producers, emphasizing the importance of ISG as a strong advocate and voice for farmers on issues impacting their profitability and long-term sustainability.
***Courtesy of the Illinois Soybean Association***
