Georgia Farm Giant Dodges Duties on New Crop Poisons
Published Date: 3/26/2025
Notice
Summary
Corteva Agriscience in Valdosta, Georgia wants to add new crop protection products to their Foreign-Trade Zone production list, which could save them money on import duties. This update affects local production and trade rules, with public comments open until May 5, 2025. It’s a smart move to boost efficiency and keep those insecticides and fungicides flowing smoothly!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
FTZ Additions May Lower Import Duties
Corteva Agriscience asked to add many formulated insecticides, fungicides, and a nematicide to its Foreign-Trade Zone (FTZ) production list for its Valdosta, Georgia facility. If the Board authorizes the change, those listed products would be made under FTZ procedures and could reduce the company's import duty burden on those items, which are shown with duty rates of 5% or 6.5%. The Board is accepting public comments through May 5, 2025.
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