Iowa Corn Growers Urge Swift DOJ Action on Fertilizer Industry Investigation
The Iowa Corn Growers Association (ICGA), joined by 16 fellow state corn organizations, sent a letter to Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Richard J. Durbin requesting they call on the Department of Justice (DOJ) to expedite its investigation of collusive practices in the fertilizer industry.
The letter highlights the efforts that have been made from Federal Trade Commission (FTC) Chairman Andrew Ferguson calling for an investigation into the fertilizer industry’s business practices in late May. It emphasizes the importance of continued pressure to see the investigation through on behalf of U.S. farmers.
“Announcements and reports of investigations are welcome news, but it will take decisive action to restore free and fair markets so that the same competitive environment farmers face when selling their crops is present when they purchase inputs like fertilizer,” the letter stated. “It is critical for multiple strategies to be deployed to make a difference for farmers. Specifically, the DOJ must conduct their review of collusive practices in the fertilizer industry with utmost urgency.”
For More Information:
Sydney Garrett, Public Relations Manager, sgarrett@iowacorn.org, 515-225-9242