Homegrown Fertilizer Act

This bill directs the Secretary of Agriculture, through Rural Development, to give grants and direct or guaranteed loans to help increase the making, processing, and storage of fertilizer and nutrient alternatives in the United States. Eligible groups include independent businesses, nonprofits, cooperatives, Indian Tribes, and state or local governments, but not any company whose market share is at least as large as the fourth-largest company in the nitrogen, phosphate, or potash market. Grants are capped at $100 million and require an equal amount of non-federal matching funds. Recipients must repay the money if the project is sold to a large market-share company within 10 years after completion. The Secretary may use Commodity Credit Corporation funds to pay for the program.

Full text and official record on Congress.gov

Sponsors

• Eric Sorensen Democrat sponsor
• 6 cosponsors