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The bill directs the Secretary of Agriculture to provide grants (up to $100 million each) and direct or guaranteed loans to eligible entities to increase domestic fertilizer production, processing, and storage capacity in the United States. Eligible recipients include for-profit businesses, nonprofits, cooperatives, Indian Tribes, and state/local governments, provided they do not hold a market share equal to or greater than the fourth-largest competitor in their market. The bill prioritizes projects that improve production methods, dedicate capacity to U.S. agricultural production, or enhance competition and reduce fertilizer prices, and allows funds to be used for facility construction, equipment purchases, workforce training, emissions reduction, and related activities.
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