Fertilizer production expansion program 2.0

The U.S. Department of Agriculture Rural Housing Service Rural Business Cooperative Services awarded a $2,380,960 Project Grant under the Fertilizer Product Expansion Program (CFDA 10.383) to New Cooperative, Inc. located in Iowa. This federal grant program is designed to expand production capacity, improve competition, and enhance supply chain resilience in the agricultural fertilizer and nutrient management sector.

The funding will support New Cooperative, Inc.'s efforts to increase the manufacturing and processing of fertilizer and nutrient alternatives, with a focus on nitrogen, phosphate, and potash fertilizers. Eligible activities include constructing new facilities, modernizing existing operations, purchasing new equipment, and training and retaining workers. The project has a performance period of 24 months, with a start date anticipated in Spring 2023. The grant award aims to increase the availability of fertilizers and nutrient alternatives to agricultural producers for the 2023 and 2024 crop years.