Mandatory Price Reporting for Fertilizer and Consumer Spending Data
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**U.S. dairy farmers are increasingly being asked to provide detailed operational data for sustainability and Scope 3 GHG reporting.
These requests can include sensitive data like herd records, feed and manure data, cropping practices, energy use, fuel consumption, and other aspects of farm management.
The requests occur even though federal agencies stepped back from Scope 3 requirements, citing concerns they’re outside a company’s direct control, controversial, and difficult to regulate and verify.
**A bipartisan group of Senators introduced a bill that would require mandatory price reporting of fertilizer.
Bloomberg says the move is a bid for more market information after the war in Iran prompted the biggest rise in crop nutrient costs in years.
The bill, called the “Fertilizer Transparency Act,” would offer market participants comparable levels of market information on fertilizer components.
Middle East Urea prices have jumped 60% since the war began.
**Data from the Economic Research Service’s Food Dollar Series provides a clear picture of how consumer food spending is distributed across the food supply chain.
In 2024, farmers received 11.8 cents of every dollar spent on domestically produced food, down from 12.1 cents in 2023.
The remaining 88.2 cents of the food dollar went toward costs associated with food processing, transportation, packaging, wholesaling, retailing, and food service.
