fertilizer subsidies
Government-backed program offers low-interest financing tied to efficiency and sustainable farming requirements.
This overuse has led to significant environmental issues, such as soil degradation, water pollution, and increased greenhouse gas emissions. The proposed reforms include direct subsidy transfers to farmers’ bank accounts linked with soil health programs, promoting informed and sustainable use of fertilizers.
The Sri Lankan government is instituting measures that will ensure affordable access to fertilizer and support agricultural productivity.
Indonesia’s agriculture minister said the country will supply 9.55 million tonnes of subsidized fertilizer to farmers this year.
Government plans to support local agriculture sector by subsidizing urea imports through collaboration with Azerbaijan.
India’s decision to slash the fertilizer subsidy for the next fiscal year to 1.64 trillion rupees comes as global fertilizer prices fall.
India is expected to spend $48bn on food and fertilizer subsidies for the next fiscal year, government sources told Reuters.
The Kenyan president’s office hopes to see food production increase following the decision.
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
California peach growers forced to remove 420,000 trees after bankruptcy of Del Monte Foods canneries
