Commerce Department lowers duties on Moroccan phosphate fertilizer

IARN — One of the key components in the price farmers have been paying for fertilizer comes from the duties we had placed on phosphate fertilizer from Morocco. The United States is not a major producer of the key component in corn growing. Therefore, we must import much of what we use. The duty was at almost 20% on the supplies coming in, and that cost has been passed down to farmers for a few growing seasons.

For more on this story, visit the Iowa Agribusiness Radio Network.

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