Mosaic Florida
 
 
 
 
FAQs

The questions we are often asked about phosphate mining and fertilizer manufacturing cover a broad range of topics - from what phosphate is to what plans Mosaic has for future mining. We hope your questions are among these we are frequently asked.










Economic Impact

How important is phosphate to Florida's economy?
The phosphate industry is a major contributor to Florida's economy through employment, taxes and charitable contributions. Providing thousands of jobs to Floridians, the industry also provides an important export for the Port of Tampa. According to Enterprise Florida, Inc., fertilizer was one of the state's leading export commodities with a 2010 value of $2 billion. 
 
The Port of Tampa attributed approximately 67,000 jobs and approximately $5.8 billion in total economic contributions to phosphate and related chemical industries in a 2006 report.
 
As an individual company, Mosaic Fertilizer LLC has its own economic impact on Florida, specifically in the central Florida counties of Hardee, Hillsborough, Manatee and Polk.  During the last fiscal year we employed 3,000 employees in those counties, with a combined total payroll of more than $281 million. Mosaic paid more than $17 million in county tangible and real estate taxes and more than $30 million in severance taxes.
 

One of Mosaic's core values is to create enriched communities wherever we maintain operations. In support of this commitment, Mosaic and our employees are contributing over $3.4 million to United Way agencies serving in our operating areas this year - more than $2.1 million in Florida alone.

Are phosphate companies required to be financially responsible?

Yes.  Mosaic is committed to meeting financial responsibility requirements on a federal, state and local level. There are multiple, often overlapping, financial responsibility mechanisms in place to ensure safety of our operations and completion of reclamation. In addition, since 1971 the industry has paid more than $1.95 billion in severance taxes. Since 1979, the Conservation and Recreation Lands Trust Fund (CARL) has received more than $530 million of these severance tax dollars.

In the past few years, financial rules and statutes regulating the phosphate industry have increased the severance tax rate, penalties for misrepresentation, stringency tests and assurances for wetlands mitigation.  The industry is now paying a tax of $3.325 per ton of phosphate rock severed. Individual phosphate industry employees can be fined $50,000 and go to jail for five years for each offense if they misrepresent their company's financial condition or fail to comply with department rules.