# Breaking Down the January 2026 NDSU Agricultural Trade Monitor: IEEPA Fertilizer Tariffs, Price Pass-Through, and Market Adjustment

> An NDSU Agricultural Trade Monitor analysis estimates IEEPA tariffs generated about $958 million in revenue on agricultural input imports from February to October 2025, with roughly $110 million from fertilizers. It argues that the indirect price and supply-chain effects of these tariffs were much larger than the revenue collected.

- Date: 2026-01-19 · published 2026-01-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/20980-breaking-down-the-january-2026-ndsu-agricultural-trade-monitor-ieepa-fertilizer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tariff-driven fertilizer cost increases feed through to US farm input costs, affecting planting economics for feed grains.

## Read by commodity

- CORN: neutral
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-12-12 | [Nitrogen market braces for CBAM after document leak \| World Fertilizer](https://feedsoft.ai/events/21824-nitrogen-market-braces-for-cbam-after-document-leak-world-fertilizer.md) | +1.0% | +11.0% |
| UREA | 2022-07-01 | [Rising cost of agricultural fertiliser and feed: Causes, impacts and government policy](https://feedsoft.ai/events/40882-rising-cost-of-agricultural-fertiliser-and-feed-causes-impacts-and-government.md) | +5.1% | +20.1% |
| UREA | 2025-06-16 | [Fertilizer Markets Steady as EU Announces New Russia Tariffs \| CZ app](https://feedsoft.ai/events/24532-fertilizer-markets-steady-as-eu-announces-new-russia-tariffs-cz-app.md) | +3.6% | +14.9% |
| UREA | 2021-12-08 | [Farmers ask US Justice Department to investigate fertilizer price spikes \| Reuters](https://feedsoft.ai/events/43923-farmers-ask-us-justice-department-to-investigate-fertilizer-price-spikes-reuters.md) | +0.1% | -18.9% |
| UREA | 2020-09-06 | [There is no fertiliser crisis in the country: Agriculture minister \| The Business Standard](https://feedsoft.ai/events/51418-there-is-no-fertiliser-crisis-in-the-country-agriculture-minister-the-business.md) | -1.5% | -6.0% |
| CORN | 2019-01-22 | [The Market Facilitation Program (Trade Mitigation) and the Government Shutdown](https://feedsoft.ai/events/61079-the-market-facilitation-program-trade-mitigation-and-the-government-shutdown.md) | +0.7% | +0.5% |
| CORN | 2021-10-08 | [Congress Provides $10 Billion for 2020 and 2021 Ag Disaster Payments \| Center for Agricultural Law and Taxation](https://feedsoft.ai/events/44525-congress-provides-10-billion-for-2020-and-2021-ag-disaster-payments-center-for.md) | -2.4% | +6.0% |
| CORN | 2019-04-24 | [Will a US-China Trade Deal Remove or Just Restructure the Massive 2018 Tariffs? \| PIIE](https://feedsoft.ai/events/59450-will-a-us-china-trade-deal-remove-or-just-restructure-the-massive-2018-tariffs.md) | -1.5% | +5.3% |

## Sources

- capts-ndsu.com: https://www.capts-ndsu.com/post/breaking-down-the-january-2026-ndsu-agricultural-trade-monitor-ieepa-fertilizer-tariffs-price-pass

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.