Arlington, VA – The Fertilizer Institute (TFI) applauds Congress for passing the Water Resources Development Act (WRDA) of 2024, a key piece of legislation related to our nation’s water infrastructure, and for updating the cost-share structure to bring more general revenue dollars towards inland waterway projects.
“Our nation’s transportation infrastructure is critical to agriculture and rural America’s competitive advantage in world markets, and WRDA provides vital support for that network,” said TFI President and CEO Corey Rosenbusch. “WRDA is the foundation for the modernization of our nation’s inland waterways and ports, which are an integral component of the fertilizer distribution system.”
Of particular importance, this year’s WRDA reauthorization updates the cost-share structure for inland waterway lock and dam construction projects so that 75% of funding will now come from the general fund with the remaining 25% coming from the Inland Waterways Trust Fund. The previous 65% – 35% split artificially limited the funding Congress could provide to these projects each year, and with the change an additional $1.4 billion in funding could be available over a ten-year period.
“Increasing the general fund portion of the cost-share structure will promote much needed investment for inland navigation projects, as well as provide confidence to industry that much needed maintenance and modernization of our inland waterway system will happen,” Rosenbusch explained. “On a ton-mile basis, approximately one-fourth of fertilizer moves on the inland barge system and these projects are absolutely critical to the safe and efficient distribution of fertilizers.”
Rosenbusch noted that addressing the maintenance backlog, estimated at billions of dollars, is an investment in our nation’s future, saying that well-maintained waterways enable the fertilizer industry to transport goods quickly and reliably, ensuring farmers receive supplies on time.
“Delays caused by outdated components of the system are not only disastrous for the farmers who receive much of the almost 70 million tons of fertilizer each year via our nation’s waterways, they can also raise the prices of everyday goods and food for consumers,” Rosenbusch concluded. “The fertilizer industry appreciates the bipartisan work of Congressional leaders that have made modernization of our inland waterways a priority.”
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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.
