The Fertilizer Institute released the 2024 Fertilizer Industry Economic Impact Study, highlighting the importance and economic contributions of the U.S. fertilizer industry on national, state, and local economies. The study also underscores the global nature of fertilizer markets and the importance of open markets and fair competition in providing farmers access to vital nutrients exactly when and where they are needed.
“Fertilizer is a critical component of the global food supply chain,” says TFI president and CEO Corey Rosenbusch. “The data reveals the industry’s significant economic impact and provides an opportunity to educate people about fertilizer’s complex global network and its reliance on open markets and fair competition to meet the needs of America’s farmers.”
Trade is a critical component of the fertilizer industry and promotes the global interconnectivity of fertilizer markets. For example, the U.S. imports 98 percent of its potash from Canada, and Florida ships phosphate back to Canada.
To explore the full findings of the 2024 Fertilizer Industry Economic Impact Study, please click here.
(From the National Association of Farm Broadcasters)