In July 2022, the U.S. International Trade Commission (ITC) ruled against imposing tariffs on nitrogen fertilizers imported from Russia and Trinidad and Tobago.
The decision came after CF Industries filed a petition with ITC in late 2021, requesting that the commission place tariffs on urea ammonium nitrate, which is used in liquid fertilizers. Shortages and prices have since increased exponentially.
The Ohio Corn & Wheat Growers Association fought against the tariff and worked hard to advocate for Ohio farmers.
What Does this Mean for You?
We crunched the numbers and calculated that this ruling has resulted in a total savings of $6,945 for every 500 acres of corn you grow— equating to nearly $35,000 over the course of five years.
While we recognize that fertilizer costs remain very high, prices certainly would have been worse without this ruling. The OCWGA will continue to advocate for Ohio corn and wheat farmers for more outcomes that protect your hard-earned dollars.
#TariffMathFacts
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