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Industry News | 2 min read
December 5, 2023
December 5, 2023

USDA aims for historic boost in fertilizer production in the U.S.

The U.S. government is executing an ambitious plan to invest in domestic fertilizer production to ensure food security and lessen reliance on imports. Approximately $50 million was allocated to key projects in Ohio and Pennsylvania to increase production and address challenges stemming from the Ukraine conflict, which has increased fertilizer prices and impacted U.S. farmers.

Ohio Takes Center Stage

Ohio is now the epicenter of this historic initiative to strengthen U.S. fertilizer production. With public funds allocated to three pivotal projects, the stage is set for a significant transformation in the domestic agricultural industry.

Growers Mineral Corporation invested $3,935,600 to construct a new facility with the potential to increase fertilizer production by 279% by 2027. This ensures a more stable fertilizer supply for Ohio’s farmers and contributes nationally by reducing import dependence and stabilizing prices across the country.

In addition to increasing production, this project will create jobs and strengthen the regional economy.

Biofertilizers as Part of the Plan

Quasar Energy Group LLC is developing an innovative new plan to fortify U.S. fertilizer production.

With a $3,959,285 investment, the company intends to produce biofertilizers on a projected scale of 24 million gallons per year. In addition to supplying nutrients to plants, biofertilizers are sustainable, reducing the need for non-renewable resources and potentially enhancing soil health and crop quality.

This project reflects the U.S. government’s commitment to adopting ecological agricultural practices and its role as a leader in creating innovative solutions for the challenges of modern agriculture.

Need Capital for Fertilizer Purchases?

In the dynamic world of agriculture, achieving your crop goals demands a strategic approach and meticulous planning. Ensuring suitable fertilizers to meet your crop’s nutritional needs is at the core of agricultural mastery.

That’s why Pre-Season Financing is your ultimate ally! Now, you can secure funds to ensure your crops receive the crucial fertilizers they need to grow. With access to working capital, cash constraints and delays in securing vital agricultural inputs will become a thing of the past.

With Pre-Season, you’re not just investing in fertilizers; you’re investing in financial flexibility. The result? Bountiful harvests of unparalleled quality will set you on the path to agricultural greatness.

Sources: Portal Frutícola, Spectrum News