ARLINGTON, VA – The Fertilizer Institute (TFI) President and CEO Corey Rosenbusch today issued the following statement after participating in a roundtable discussion regarding fertilizer markets with House Republican Members and staff of the Committee on Agriculture.
“Fertilizer is an essential tool for farmers to achieve desired yields and we appreciate the opportunity to offer solutions to the current market pressures with members of the Agriculture Committee. During this busy spring planting season – and throughout the year – the fertilizer industry is committed to ensuring adequate supply to meet farmer demand for the nutrients that are so essential to growing healthy and abundant crops.
The effects of COVID-19, extreme weather disruptions, rising energy prices, facility maintenance, geopolitical events, and export bans have dramatically affected our marketplace. As a globally traded commodity, supply and demand economics drive the fertilizer markets, and ninety percent of the world’s fertilizer is consumed outside the United States. Fertilizer feeds the food that feeds the world, so the issues our industry faces significantly impact global food security. Tackling the challenges to the world’s food supply truly requires collaboration, innovation and partnerships, and we welcome this and future opportunities to discuss these solutions.”
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The Fertilizer Institute (TFI) is the leading voice of the nation’s fertilizer industry. Tracing its roots back to 1883, TFI’s membership includes fertilizer producers, wholesalers, retailers and trading firms. TFI’s full-time staff, based in Washington, D.C., serves its members through legislative, educational, technical, economic information and public communication programs. Find more information about TFI online at TFI.org and follow us on Twitter at @Fertilizer_Inst. Learn more about TFI’s nutrient stewardship initiatives at nutrientstewardship.org and on Twitter at @4rnutrients.
