Study Shows Fertilizer’s Economic Impact

The Fertilizer Institute recently released the 2024 Fertilizer Industry Economic Impact Study, highlighting the importance and economic contributions of the U.S. fertilizer industry on national, state, and local economies.  The study also underscores the global nature of fertilizer markets and the importance of open markets and fair competition in providing farmers access to vital nutrients exactly when and where they are needed.

“Fertilizer is a critical component of the global food supply chain,” says TFI president and CEO Corey Rosenbusch. “The data reveals the industry’s significant economic impact and provides an opportunity to educate people about fertilizer’s complex global network and its reliance on open markets and fair competition to meet the needs of America’s farmers.”

Trade is a critical component of the fertilizer industry and promotes the global interconnectivity of fertilizer markets.  For example, the report pointed out that the U.S. imports 98% of its potash from Canada, while Florida ships phosphate back to Canada.

Here in the Northwest, the Fertilizer industry has a $1.7 billion impact on Oregon’s economy, $3.8 billon in Idaho, and a $2.4 billion impact on Washington’s economy.

Click Here to check out the entire report.

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