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Grassley: Investigation Needed in the Fertilizer Industry

Iowa Senator Chuck Grassley sent a letter to Attorney General Garland calling for the Department of Justice to investigate the fertilizer industry. American farmers are raising concerns about possible anti-competitive activity and market manipulation. Grassley says fertilizer is an essential input for farmers across the country, and without it, crop yields and agricultural productivity would get significantly smaller. ā€œI have heard numerous concerns from Iowans and member organizations who are concerned that fertilizer companies are colluding and unfairly raising the price of their products,ā€ Grassley writes in the letter. The industry has seen dramatic growth in prices: nitrogen fertilizer has doubled in price, anhydrous rose by 131 percent, urea by 110 percent, and potash up 120 percent. ā€œThe DOJ should investigate the fertilizer market so farmers across the country can get assurances that there are no violations of U.S. antitrust law in the fertilizer industry,ā€ Grassley says. ā€œFertilizer tariffs are placing a huge financial burden on farmers.ā€ Ā 

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