The U.S. Department of Agriculture (USDA) on July 29 announced it was launching a new $500 million program for agricultural producers with the goal of boosting domestic fertilizer production and strengthening the U.S. supply chain.
The Fertilizer Investment & Expansion for Long-Term Domestic Supply (FIELDS) program was heralded as a means to lower fertilizer costs for American farmers in a press conference by Secretary of Agriculture Brooke Rollins at the USDA’s headquarters in Arlington, Virginia.
The FIELDS initiative provides funding for companies that construct new fertilizer facilities, purchase existing plants or land to increase fertilizer output through expansion, or invest in fertilizer terminals and transportation infrastructure that improves the efficiency of the domestic supply chain….