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Iowa Attorney General Focusing on Unprecedented Increases in Fertilizer Prices

FILE - In this Tuesday, Nov. 6, 2018 file photo, Iowa Attorney General Tom Miller speaks in Des Moines, Iowa. Iowa's Republican governor has rejected two-thirds of the Democratic state attorney general's requests to join multistate lawsuits, under an unusual compromise that has allowed her to repeatedly block the state's involvement in challenges to Trump administration policies. Iowa Attorney General Miller agreed in May 2019 to seek Gov. Kim Reynolds' approval before he would join multistate lawsuits.(AP Photo/Matthew Putney, File)

DES MOINES, IA – Iowa Attorney General Tom Miller is focusing on unprecedented increases in fertilizer prices which has seen increases of over 300 percent since January 2021.

In just thirteen months, anhydrous ammonia has increased 315%. Urea has increased by 214%, liquid nitrogen by 290%, monoammonium phosphate by 171%, and potash by 213%, according to the most recent data supplied by USDA’s Agricultural Marketing Services.

As a major part of its market study, the Attorney General’s Office is partnering with Iowa State University Center for Agricultural and Rural Development, who has agreed to prepare an economic summary of fertilizer markets.

Miller sent letters to the CEOs of the major fertilizer manufacturers requesting reasons for the price increases.

Miller noted that a Texas A&M study shows that since 1970, increase in crop returns for farmers tend to coincide with even higher increases in fertilizer expenditures.

Another Texas A&M study released in January projected that fertilizer price increases would cost corn and soybean growers an additional $128,000 on average this year.

Miller’s office has had initial discussions with the staff of other state attorneys general about the fertilizer price increases.

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