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Author Archives: MCFB

U.S. EXIT FROM #NAFTA WON’T HURT #MEXICO

Mexico’s economy minister Ildefonso Guajardo Thursday said he didn’t agree with U.S. Commerce Secretary Wilbur Ross’ comments that it would be devastating for Mexico if the U.S. withdrew from NAFTA. “Without a doubt, Mexico could face a short-term impact because the market is very sensitive to marketing, branding,” Guajardo said. “Our ability to adjust, and… read more

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HOUSE POISED TO PASS #TAX BILL

The U.S. House of Representatives Thursday is poised to pass a sweeping overhaul of the tax code, eliminating the death tax and cutting taxes for corporations and individuals before the year’s end. The vote is expected to follow party lines and still faces steep hurdles as House members must reconcile their version with the bill… read more

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#DICAMBA TRAINING TO BE REQUIRED BEFORE 2018 USE

#Illinois dicamba training roll out this winter, with sessions beginning Nov. 27 and continuing until April 1, just prior to spring planting. Illinois is following the U.S. EPA parameters, with dicamba considered a restricted-use pesticide in 2018. Applicators must prove they have completed dicamba-specific training to apply the product. (FarmWeekNow.com)

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IL SHORT OF #TEACHERS

A recent report finds #Illinois schools needed 2,000 teachers at the start of this year, and 16 percent of schools had to cancel something last year because they didn’t have the teachers to conduct the classes or activities. Experts say teachers’ starting salaries, cost of a four-year degree and certification requirements are contributing to the… read more

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SENATE ENDS ACA MANDATE IN TAX PROPOSAL

Senate Republicans Tuesday added measures to their tax code overhaul to repeal the ACA’s health insurance requirement, saying that removing the mandate would allow them to further reduce tax rates for individuals without adding more to the deficit. Lawmakers also said they would set all of their tax cuts for individuals to expire at the… read more

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MONSANTO, FARM GROUPS SUE OVER LABEL WARNINGS

Monsanto and farm groups today filed suit against California to stop the state from requiring cancer warnings on products containing glyphosate. California added glyphosate to its list of cancer-causing chemicals in July and will require that products containing the chemical carry warnings by July 2018. (Reuters)

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LA NINA COULD AFFECT #COMMODITY MARKETS

#LaNina is leading to uncertainty in commodity markets and #Illinois farmers need to keep a close eye on how the system impacts crops and prices in South America, according to Dale Durchholz, senior market analyst for Agrivisor. “Use that information to adjust or make changes in your marketing policy that you’ve put in place for… read more

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MARKETING, MANAGEMENT KEY TO WEATHERING ECONOMIC CHALLENGES

Virginia Tech ag economist David Kohl’s message of focusing on good management and marketing plans seems to carry more weight as farmers face tighter margins. “Start scrutinizing your customers on marketing and management,” he told a room full of ag bankers during the 65th annual Agricultural Bankers Conference in Milwaukee as part of a presentation… read more

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#NAFTA TALKS RESUME

The fifth round of NAFTA talks begin this week in Mexico City with negotiators from Canada, Mexico and the U.S. trying to make progress on some of the key sticking points. U.S. negotiators included a list of demands in previous rounds which threaten to derail the trade pact, including an automatic expiry clause and scrapping… read more

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HOUSE MAY VOTE ON #TAX BILL

U.S. House Ways and Means Chairman Kevin Brady Monday said the House GOP has enough votes to pass its tax legislation this week. Brady said there may be a few more revisions to the bill yet this week, but they’ll be minor, setting the bill up for a possible vote Thursday. (Bloomberg)

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