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Agriculture News

News about food, farming, business, politics and policy that impacts central Illinois farmers.

NO MORE DOUBLE DUTY

State Rep. Margo McDermed is trying to keep politicians from pulling double duty, introducing a bill that would bar a legislative leader from also holding their political party’s checkbook. If passed, the bill would force Michael Madigan to choose between his role as House Speaker or Democratic Party Chairman. Madigan has speaker since 1983 and… read more

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#FARMERS URGED TO REPORT SUSPECTED CLAIMS

COUNTRY Mutual Insurance Company is seeing an increase in the number of inquiries about dicamba herbicide and is encouraging farmers to report suspected claims to their financial representatives. “The best practice for farmers is to always work with their representative in a timely manner if they think they have any type of insurance claim,” said… read more

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LOW #GRAIN PRICES HURTING #RURAL AMERICA

A survey of rural banks shows tight living for communities in #Illinois and the #Midwest, mainly due to low grain prices. More than half of the bankers surveyed in Creighton University’s monthly Rural Mainstreet Index have had to restructure loans for farmers. (Illinois News Network)

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GOP OUTLINES #TAX CODE OVERHAUL

President Donald Trump and GOP leaders yesterday announced their plan for the most extensive overhaul of the federal tax code in a generation. Leaders say the $5 trillion plan, which calls for deeps cuts in both individual and corporate tax rates, will simplify the tax system, double the standard deduction used by most Americans, and… read more

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#FARMERS WORK TO KEEP #WATER CLEAN

Farmers, ag organizations and agencies gathered Monday to watch as a woodchip bioreactor was installed on Todd VerHeecke’s farm in Geneseo. The bioreactor, which will scrub water of nutrients before it enters local waterways, is the first of its kind in Henry County. (KWQC)

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YOUNG FARMERS GRAPPLE WITH HIGH CASH RENTS

It’s often an honor to lead the state in a statistical category, but a few Logan County farmers aren’t chanting “we’re No. 1” over their cash rent rates, which are the highest in the state. Instead, they’re letting the numbers do the talking and publicizing the high input costs, including cash rents, declining farm income… read more

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TWITTER UPS CHARACTER CAP

A sample group of users is testing a 280-character cap on Twitter. That’s double the limit in place since the social media site launched in 2006. (Associated Press)

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SENATE MOVES ON

U.S. Senate Republicans have officially abandoned the latest plan to repeal the Affordable Care Act. Majority leader Mitch McConnell says they’ll shift focus to their next big legislative goal: overhauling the tax code. (The New York Times)

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SPEAKING OF #TAXES

The GOP tax reform framework could cut the top individual rate to 35 percent, cap the corporate rate at 20 percent, and trim from seven to three the number of tax brackets for individuals. (Bloomberg)

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DROWNING IN #GRAIN

Amid historically high supplies and low grain prices, seed companies are developing faster-maturing varieties, allowing more crops to be grown in inhospitable climates. Some analysts say the firms have effectively innovated their way into a stubbornly oversupplied market. (Reuters)

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