Corn farmers again ask Mosaic to lift fertilizer tariffs
Leaders with the National Corn Growers Association and state affiliates have taken another step, requesting Mosaic company withdraw its request for hefty tariffs on fertilizer imports. The groups say that is what’s causing fertilizer supply shortages and skyrocketing prices for US farmers.
The US International Trade Commission imposed tariffs in March on Mosaic’s behalf. In a letter to Mosaic last week, corn leaders say the company is using the commission to manipulate the supply curve which is dictating prices for farmers. For example, the signatories estimate that tariffs between 30%-70% on phosphate imports equate to roughly $480-$640 million in added fertilizer bills on US farmers.
Last month, NCGA and other ag groups submitted an amicus brief in a case filed in the US Court of International Trade seeking to overturn the tariffs, but a ruling in that case is not expected until at least the middle of 2022.