Agricultural Groups and Lawmakers Sound Alarm on Fertilizer Industry Monopoly Concerns

Agricultural groups and lawmakers are raising concerns about a potential monopoly in the fertilizer industry following Koch Industries’ proposed $3.6 billion purchase of OCI’s Iowa Fertilizer Co. Critics argue that this acquisition could exacerbate market volatility, leading to higher prices for farmers. The sale is under review by the Federal Trade Commission amid calls for thorough investigation due to its potential impact on market competition and prices. This development comes as fertilizer prices remain high, partly due to global events such as the war in Ukraine.