What did FTC Chairman Andrew Ferguson announce regarding fertilizer prices in the US?

FTC Chairman Andrew Ferguson announced that, on his order, the Federal Trade Commission commenced a major industrywide antitrust investigation into the 'precipitous rise of fertilizer prices in this country,' which he stated has significantly affected U.S. farmers and represents 'the single largest increase in input costs of farmers across the United States since 2020' according to USDA data.

Which fertilizer companies are reportedly under scrutiny by the Justice Department for potential price collusion?

According to Bloomberg reporting cited in the article, the Justice Department has criminal and civil investigations into potential price collusion involving phosphate and potash suppliers Nutrien and Mosaic, as well as nitrogen-based fertilizer producers CF Industries, Koch Inc., and Norway’s Yara International ASA — companies that collectively control most of the nitrogen-based fertilizer sold in the U.S.

FTC Chairman Ferguson Says Agency Probing Fertilizer Industry

May 28, 2026

The FTC announced an antitrust investigation into rising US fertilizer prices affecting farmers. Major producers including CF Industries and Nutrien face scrutiny alongside ongoing DOJ probes into potential price collusion.

bloomberg

2026-05-28

FTC Chairman Ferguson Says Agency Probing Fertilizer Industry

2026-05-28

US Federal Trade Commission Probes Rising Fertilizer Prices

FTC Chairman Ferguson Says Agency Probing Fertilizer Industry

FAQ