Homegrown Fertilizer Act
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Summary
The Homegrown Fertilizer Act 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 and storage capacity. Eligible recipients include for-profit businesses, nonprofits, cooperatives, tribal organizations, 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.
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