Tariffs on phosphate fertilizer imports from Morocco are being suspended for eight months following an emergency declaration from the Trump administration, a move expected to provide relief to farmers in Iowa and across the country.
“This will provide stability for family farmers and help lower costs from the farm field to the grocery store. Phosphate has no substitute as a fertilizer for corn and soybeans,” said U.S. Sen. Chuck Grassley of Iowa.
Morocco supplies roughly 30% of the world’s phosphate, and the temporary suspension is expected to reduce fertilizer costs and save farmers more than $1 billion.
According to the American Farm Bureau Federation, seven in 10 farmers surveyed this spring said they would not be able to afford enough fertilizer this year because of inflation and high interest rates.
