Fertilizer Prices Plunge and USDA Staffing Shortages
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Fertilizer prices have retreated sharply in recent weeks as concerns over prolonged supply disruptions tied to tensions in the Middle East have eased.
Bloomberg says that urea prices in New Orleans fell to $453.50 per short ton last week, down 36% from mid-April and the lowest level since early February.
The decline follows fears that the conflict with Iran could disrupt shipments through the Strait of Hormuz.
**A group of 123 ag and conservation groups want staffing shortages at USDA's Natural Resources Conservation Service and Farm Service Agency to be addressed.
In a letter to the Senate Ag Committee, the group said, "Reduced staffing levels and office consolidations have created significant barriers for producers.”
They're calling for adequate funding to prevent further office closures and no relocation of employees if it leaves an office with two or fewer staff.
**The USDA is accepting applications for its fiscal year 2027 agricultural trade promotion programs, providing producers and commodity groups with opportunities to expand export markets and boost demand for U.S. products overseas.
Applications for the Market Access Program and Foreign Market Development Program will be accepted through Aug. 14.
The programs operate as public-private partnerships that help agricultural organizations promote U.S. products internationally and address trade barriers in foreign markets.
