Emmer, MN Republicans Demand Action on Fertilizer Prices
6th District Congressman Tom Emmer was joined by Minnesota Republican Representatives Pete Stauber (MN-08), Michelle Fischbach (MN-07), Greg Murphy (NC-03) and Jodey Arrington (TX-19) in sending a letter urging action from President Joe Biden on rising fertilizer prices. Emmer said,
“Skyrocketing and unprecedented input prices are robbing our farmers of their livelihoods, and even today’s high commodity prices simply can’t keep pace. President Biden owes it to our ag community to ensure fertilizer is accessible and affordable.”
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 ongoing conflict in Ukraine, with 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.