Fertilizer Research Act of 2024

HR 8453, the Fertilizer Research Act of 2024, requires the U.S. Department of Agriculture to publish a detailed report on the fertilizer industry within one year of enactment. The report will analyze market size, pricing trends, import data (including sources and companies), supply chain logistics, industry concentration, emerging fertilizer technologies, regulatory impacts, and price transparency needs. It will specifically examine how these factors affect farm-level prices and market competition without requiring new industry reporting or regulatory changes. The study aims to provide Congress with data to inform future policy decisions regarding fertilizer markets and supply chains.