JOHNSTON - Friday, the "Fed Up: Fertilizer Cartel Profits off Farmers’ Backs" hearing gathered over 170 farmers from 13 states representing various commodities to call out the unfair fertilizer prices that are being forced upon farmers by Mosaic, Nutrien, CF Industries and Koch. American farmers are being bled dry by fertilizer prices that have continued to climb, generating over $20B in profits for fertilizer shareholders within the past five years, while the American farmer has seen the price of fertilizer double, even tripling at times, since 2020.
United States Department of Agriculture (USDA) Deputy Secretary of Agriculture Stephen A. Vaden attended and addressed attendees, highlighting the importance of farmers continuing to keep the pressure on current investigations and the USDA’s commitment to ensuring justice for U.S. farmers.
“I want to make clear, to each and every one of you in this room, that I'm not here wasting my time in Iowa, just to pretend like I care. I'm here because I care about this issue and we are working to bring actions down the pike that will seek to shine a light on what's been going on in the fertilizer market,” Deputy Secretary Vaden said. “And rectify, not only from the new supply end, but from a justice end, in terms of seeing to it that the antitrust laws are enforced in this country, and we have a free market where you can depend on the price that's quoted is a result of competition instead of collusion.”
Following the Deputy Secretary’s address, farm organization leaders who attended the hearing responded.
"The Deputy Secretary’s remarks, engagement and promise to see this issue through were heard by each and every farmer in the room today," Iowa Corn Growers Association President Steve Kuiper said. “We have continued to reiterate that as farmers, we cannot face big fertilizer alone, but that doesn’t mean that we will be quiet and continue to be taken advantage of. It is clear that USDA sees the market collusion, unfairness and lack of transparency taking place in the fertilizer industry, and farmers are committed to continuing to gather evidence and pushing investigations forward until farmers have access to a fair and free market.”
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