President Trump signed an executive order today instituting a temporary suspension of countervailing duties applied to imported phosphate. In response to this development, Ohio farmer and National Corn Growers Association President Jed Bower released the following statement:
“This is such welcome news for corn farmers. Fertilizer represents one of the biggest expenses for farms every year, only made worse in recent years by actions of companies looking to further consolidate their control of the market. Input prices generally have been incredibly high and are a major contributing factor to the profitability picture, or lack thereof, for corn farmers right now.
“Thank you, President Trump, for recognizing the economic outlook facing American farmers right now and taking steps to alleviate some of that pressure. This is an important step as the sunset review and the anti-trust investigations are taking place.”
