# Phosphate Farm Prices Remain Elevated, It’s Time for Action on Import Tariffs

> The National Corn Growers Association says US phosphate farm prices remain elevated and urges action on import tariffs. USDA projects fertilizer at 46% of 2023 corn operating costs, the highest ratio since the 1970s apart from 2008. DAP and MAP prices rose sharply from 2020 to 2022 and have since declined.

- Date: 2023-03-17 · published 2023-03-17T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/37190-phosphate-farm-prices-remain-elevated-it-s-time-for-action-on-import-tariffs
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

High phosphate costs squeeze US corn margins, which can shift acreage toward soybeans and affect feed-grain supply. Tariff action would raise domestic phosphate prices, but this is an advocacy piece without a new policy decision.

## Read by commodity

- DAP: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2021-03-11 | [Phosphate prices to remain strong](https://feedsoft.ai/events/48425-phosphate-prices-to-remain-strong.md) | -0.6% | +1.1% |
| DAP | 2024-01-18 | [Uncertainty for phosphate fertilizer prices as ITC upholds tariffs \| AGDAILY](https://feedsoft.ai/events/32056-uncertainty-for-phosphate-fertilizer-prices-as-itc-upholds-tariffs-agdaily.md) | +0.8% | -1.3% |
| DAP | 2021-06-23 | [US Farmers Overpay for Fertilizers Due to Duties Imposed on Moroccan and Russian Phosphate Imports – Phosphate Price](https://feedsoft.ai/events/46910-us-farmers-overpay-for-fertilizers-due-to-duties-imposed-on-moroccan-and.md) | -0.6% | -1.4% |
| DAP | 2021-10-01 | [China expected to stop phosphate exports,  food production prices set to rise - ABC News](https://feedsoft.ai/events/4698-china-expected-to-stop-phosphate-exports-food-production-prices-set-to-rise-abc.md) | +4.6% | +4.6% |
| DAP | 2022-03-23 | [Diammonium Phosphate Prices Growing Twice in the US as Russia Implies Export Restrictions](https://feedsoft.ai/events/42572-diammonium-phosphate-prices-growing-twice-in-the-us-as-russia-implies-export.md) | -1.5% | -3.6% |
| CORN | 2019-05-08 | [WTO Dispute Panel Report on China’s Administration of Tariff Rate Quotas (TRQs) for Certain Agricultural Products - farmdoc daily](https://feedsoft.ai/events/58951-wto-dispute-panel-report-on-china-s-administration-of-tariff-rate-quotas-trqs.md) | +0.3% | +10.5% |
| CORN | 2020-10-19 | [Trump's payments to farmers hit all-time high ahead of election](https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election.md) | +2.7% | +2.6% |
| CORN | 2019-01-09 | [USDA delays deadline for farmer aid to offset tariff losses \| The Seattle Times](https://feedsoft.ai/events/61081-usda-delays-deadline-for-farmer-aid-to-offset-tariff-losses-the-seattle-times.md) | -1.5% | +0.6% |

## Sources

- ncga.com: https://www.ncga.com/stay-informed/media/the-corn-economy/article/2023/03/phosphate-farm-prices-remain-elevated-it-s-time-for-action-on-import-tariffs

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