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Agriculture News

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

SENATE PASSES FARM BILL

The Senate Thursday passed its version of the 2018 farm bill, setting up what could be a bitter fight with the House over food stamps, farm subsidies and conservation funding. The bill passed easily on an 86-11 vote, reflecting the bipartisan nature of the bill. For more information on the Senate’s bill, check out statements… read more

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PUTTING THE BRAKES ON SWINE EXPANSION –

PUTTING THE BRAKES ON SWINE EXPANSION – An upward trend in hog farm expansions could slow or halt by next year to due to tighter margins, higher costs and trade uncertainty. “Plans for expansion this year will go forward,” said Kent Bang, vice president of swine lending at Compeer Financial. “But I think there’s enough… read more

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TRADE SPAT PLUSES AND MINUSES –

TRADE SPAT PLUSES AND MINUSES – According to a report published by the Chinese Academy of Agricultural Sciences, U.S. soybean, cotton, beef and cereal shipments to China may each drop by 50 percent in value. Still, the ongoing trade spat could position the U.S. as the top EU soybean supplier as Brazilian soybean prices continue… read more

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DURKIN FILES BILL TO SUNSET PROPERTY TAXES –

DURKIN FILES BILL TO SUNSET PROPERTY TAXES – Illinois House Minority Leader Jim Durkin Wednesday announced he had filed legislation which creates a sunset date for laws that enable local property taxes in Illinois. If enacted, the entire property tax code for the state would sunset on July 1, 2019, removing the taxing authority from… read more

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KENNEDY TO RETIRE –

KENNEDY TO RETIRE – Supreme Court Justice Anthony Kennedy Wednesday announced his retirement, giving President Donald Trump the chance to craft a conservative high court. Appointed by President Ronald Reagan, Kennedy often provided the swing vote, aligning with the court’s liberal justices in some key cases. Senate Majority Leader Mitch McConnell promised to confirm Trump’s… read more

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AG GROUPS ‘IN THE DARK’

Agriculture groups say, despite persistent pledges to shore up farmers’ lost income in the wake of the U.S.-China trade war, they still have no idea what the Trump administration plans to do protect American farmers. According to AFBF, one option could be a $30 billion line of credit from the Treasury Department, though the USDA… read more

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JUNE WEATHER NUMBERS ADDING UP

State Climatologist Jim Angel says some parts of Illinois have received as much as 10 inches of rain this month, while other areas have received as little as 2 inches. Statewide, an average of 5.25 inches of rain has fallen so far this month, well above normal. (FarmWeeknow.com)

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TRUMP BACKTRACKS ON CURBS TO CHINESE INVESTMENTS

 The Trump administration today said it would use existing laws to limit Chinese investments in the U.S. instead executive action. The White House has received backlash from U.S. businesses and members of Congress who said executive action would lead to disastrous economic fallout. Meanwhile, global stocks ticked up on the news that the U.S. was… read more

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TARIFFS WILL COST JOBS, RAISE PRICES

Auto trade groups Wednesday warned President Donald Trump that tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices and threaten industry spending on self-driving cars. Trump Tuesday said the administration was close to completing its study on tariffs on cars and duties would be coming soon. (Reuters)

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COLLEGES VIE FOR AG STUDENTS –

COLLEGES VIE FOR AG STUDENTS – Illinois high school students studying agriculture find themselves in demand. That demand was exemplified by diverse community colleges and universities recruiting prospective students during the recent Illinois FFA State Convention in Springfield, many of them from outside the state. (FarmWeekNow.com)

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