By Ryan Hanrahan
Bloomberg’s Michael Hirtzer reported that “a bipartisan group of U.S. Senators introduced a bill that would require mandatory price reporting of fertilizer — a bid for more market information after the war in Iran prompted the biggest surge in crop nutrient costs in years.”
“‘At a time when rising fertilizer costs and low commodity prices are continuing to erode farmers’ profitability, we should be increasing price transparency for farmers in the current market and increasing domestic fertilizer production and storage here at home,’ Senator Amy Klobuchar, Democrat from Minnesota, said in a statement,” according to Hirtzer’s reporting.