Establishment of Strategic Fertilizer Reserve

(a) Establishment On approval by the Secretary under section 4(b), there is established in the Strategic Fertilizer Reserve Agency a Strategic Fertilizer Reserve for the storage and management of fertilizer product inputs in accordance with this Act and informed by the findings of the study under section 4(a). (b) Policy It is the policy of the United States to provide for the creation and maintenance of, and timely withdrawals from, the Reserve— (1) to reduce the impact of disruptions in supplies of fertilizer products; (2) to promote the stability of fertilizer product prices paid by United States agricultural producers; (3) to reduce the impact rising input costs have on the cost of food for United States consumers; and (4) to support the food security and national security of the United States. (c) Locations (1) In general The Reserve may consist of storage and related facilities located at 1 or more sites within the United States, as determined by the Board, including facilities owned by the United States and facilities owned by third parties under contract with the Board. (2) Requirement The location of the facilities described in paragraph (1) shall ensure that the fertilizer product inputs stored in the facilities may be accessed to manufacture fertilizer product blends not later than 14 days after the date on which the Board authorizes a withdrawal from the Reserve.