Iowa Corn Growers Association President and farmer from Waverly, Iowa, Mark Mueller, released the following statement on reintroduction of the Fertilizer Research Act to the U.S. House of Representatives, which would require the U.S. Department of Agriculture (USDA) to conduct a study on competition and trends in the fertilizer market and their subsequent impacts on fertilizer price:
“The Iowa Corn Growers Association (ICGA) sincerely appreciates Representatives Hinson, Budzinski, Feenstra and Gluesenkamp Perez for honoring our request for a study to review the competition and transparency within the fertilizer industry. Fertilizer prices have continued to rise, putting pressure on Iowa corn farmers who are already facing low corn prices and increased input costs, resulting in slim or even nonexistent profit margins.