Homegrown Fertilizer Act

Key Points

• This bill creates a new program where the Department of Agriculture gives grants and loans to help companies build or grow fertilizer plants right here in the United States.
• To get the money, a company cannot be one of the four biggest fertilizer businesses in the country. This rule is meant to help smaller companies compete and prevent a few giant corporations from controlling the whole market.
• The main goal is to lower the cost of farming. By making more fertilizer at home, the U.S. can rely less on other countries and help keep prices steady for American farmers and the people buying their food.
• Companies can use the funds for many things, such as building new factories, buying modern equipment, training new workers, or finding ways to make fertilizer that causes less pollution.
• Individual grants can be as large as 100 million dollars. However, any company that gets a grant must also spend an equal amount of its own money on the project.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.