Fertilizer Research Act of 2024

Hozzl · 2024-09-04T08:05:31Z

Explore the details of House Bill 8453 Fertilizer Research Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

9/4/2024, 8:05 AM

Summary of Bill HR 8453

Bill 118 hr 8453, also known as the Fertilizer Research Act of 2024, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to authorize funding for research and development in the field of fertilizer technology.

If passed, this bill would allocate resources to support research efforts aimed at improving the efficiency and sustainability of fertilizer use in agriculture. This includes funding for studies on new fertilizer formulations, application methods, and technologies that can help reduce environmental impacts and increase crop yields.

Additionally, the Fertilizer Research Act of 2024 aims to promote collaboration between government agencies, academic institutions, and private industry in order to advance the field of fertilizer research. By fostering partnerships and sharing knowledge, the bill seeks to accelerate the development and adoption of innovative fertilizer solutions that can benefit farmers, consumers, and the environment. Overall, the Fertilizer Research Act of 2024 represents a bipartisan effort to address the challenges facing the agricultural industry and promote sustainable practices in fertilizer use. If enacted, this legislation has the potential to drive advancements in fertilizer technology and support the long-term health and productivity of our nation's food supply.

Congressional Summary of HR 8453

Fertilizer Research Act of 2024

This bill directs the Department of Agriculture to publish on the department's website a report on the U.S. fertilizer industry. Among other things, the report must include

a description of the impacts on the fertilizer industry that influence the prices that agricultural producers receive for their products;
a description of the size and value of the U.S. fertilizer market over the previous 25 years;
a description of the importation of fertilizer into the United States and the impacts that antidumping and countervailing duties have on retail fertilizer prices;
a study of market concentration of the U.S. fertilizer industry;
an assessment of the regulatory environment governing fertilizer production, distribution, and usage; and
a description of the extent to which current public price reporting of fertilizer is transparent for market participants and recommendations on whether further reporting is needed.

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Current Status of Bill HR 8453

Bill HR 8453 is currently in the status of Bill Introduced since May 17, 2024. Bill HR 8453 was introduced during Congress 118 and was introduced to the House on May 17, 2024. Bill HR 8453's most recent activity was Referred to the Subcommittee on Nutrition, Foreign Agriculture, and Horticulture. as of September 3, 2024