TFI Releases Fertilizer Industry Economic Impact Study

 

Micheal Clements, NAFB News Service

 

The Fertilizer Institute Thursday released the Fertilizer Industry Economic Impact Study. The study highlights the U.S. fertilizer industry’s importance and economic contributions to the national, state and local economies. The study found that the fertilizer industry contributed over $130 billion and nearly 500,000 jobs to the U.S. economy in 2019. TFI President and CEO Corey Rosenbusch responds, “The fertilizer industry doesn’t just help grow the food on your dinner table, we also help grow the U.S. economy.” Deemed an essential industry during the COVID-19 pandemic, fertilizer manufacturers, wholesalers, retailers and distributors have a sustained positive impact on communities all across the nation. Additionally, Rosenbusch says the movement of fertilizer alone benefits the economy to the tune of nearly $9 billion annually. The publication of the study, conducted for TFI by John Dunham and Associates, is the culmination of months of compiling data from the entire fertilizer supply chain.