"Economist Steve Moore highlighted that the Iran war and the situation in the Strait of Hormuz have caused fertilizer prices to skyrocket, stating, 'It's not just oil that goes through there, it is also about half of the world's fertilizer.' He emphasized the urgency of the situation, noting that farmers need more fertilizer during this critical planting season."
"Secretary Brooke Rollins acknowledged the significant price increase, stating, 'During the Biden years fertilizer had already jumped 40%. So, our farmers are really feeling this. This is a really, really tough time for fertilizer.' She emphasized the importance of addressing these rising costs to support American farmers."
"Rollins outlined short-term strategies to mitigate the fertilizer crisis, mentioning, 'Lifting the Jones Act, which is very important. Opening up additional lines, more lines from Venezuela. We are making permitting easier so we could move it more quickly.' These measures aim to ensure farmers have access to necessary supplies."
Fertilizer prices have surged due to the Iran war and the situation in the Strait of Hormuz, affecting American farmers during planting season. Secretary Brooke Rollins has been in daily discussions with the White House and fertilizer CEOs to address the issue. She noted that fertilizer prices had already increased by 40% during the Biden administration. Rollins mentioned temporary measures like lifting the Jones Act and easing permitting processes to help mitigate the crisis and ensure farmers have access to necessary supplies.
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