Sanctions on Potash Fertilizer Imports Lifted Temporarily

Sanctions on some potash fertilizer imports are being temporarily lifted which should help ease shortages.

The U.S. Treasury Department Office of Foreign Assets Controls is providing a reprieve from sanctions on potash fertilizers imported to the U.S. from Belarus through April 2022.

The National Corn Growers Association (NCGA) and other groups expressed concern to the Treasury Department last month that the sanctions were resulting in nationwide shortages.

NCGA President and Iowa farmer Chris Edgington says this is a well-timed and positive development as farmers struggle to secure fertilizer supplies. He says farmers should not have to suffer for the trade practices of foreign governments or for disagreements between multi-national corporations.

EDITOR’S TAKE:

In light of increasing farmer concern over rising costs, especially fertilizer, this is a welcomed change in policy. Ag Retailers are still seeking additional supplies in order to fulfill farmer orders next spring. This positive step should offer some reassurance that at least some of the pressure is being relieved in time for spring planting season. Putting farmers' minds at ease will help ease their pocket books this winter. This is also a perfect time to remind farmers how AgPack partners, like AgroLiquid, can save them thousands of dollars.