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  • Off Base, Part 2: The View from the CBO Baseline
    Release of the CBO Baseline is an annual ritual required by federal budget policy, pursuant to which the Congressional Budget Office projects spending on certain programs ten years into the unknowable future. CBO released its February 2026 baseline ahead of schedule, providing a new look at agricultural policy after enactment of major changes in the […]
  • Projected Incomes on Owned vs Rented Farmland for 2026
    Projections in the latest Illinois Crop Budgets suggest negative returns on cash rented farmland for the 2026 crop year (see farmdoc daily article from January 13, 2026).  This article compares…

Agriculture News

GOP SENATORS VENT FRUSTRATION OVER USMCA PROCESS

The House is still on track to vote on the U.S.-Mexico-Canada Agreement next week, but several Republican senators are complaining that they won’t have a say in the process like they are meant to under the Trade Promotion Authority (TPA) law. (Agri-Pulse)

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U.S., CHINA AGREE TO LIMITED DEAL TO HALT TRADE WAR

U.S. and Chinese officials announced a limited agreement to halt the trade war between the countries, with President Trump removing the threat of new tariffs on China and Beijing agreeing to purchases of American farm goods and other products. As part of the “phase one” deal, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods. (Wall Street Journal)

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WE HAVE A LOT MORE IN COMMON THAN WE THINK’ –

The importance of learning to value people, leading others with kindness and staying humble and grounded – important lessons Charlotte Pence, 26-year-old daughter of Vice President Mike Pence, learned from her parents. Pence spoke to the Illinois Farm Bureau Political Leadership Cabinet during the IFB Annual Meeting in Chicago. (FarmWeekNow)

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HARVEST ISSUES NOT EXPECTED TO AFFECT 2020 SEED SUPPLY –

Seed companies were not immune to the multitude of weather challenges and harvest issues this season. But the trying year shouldn’t have much of an impact on the overall quality of seed or supply for 2020, according to industry representatives at the 38th annual Greater Peoria Farm Show. (FarmWeekNow)

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THAT’S A WRAP: IFB’S 2019 ANNUAL MEETING –

Policy debate dominated the final day of Illinois Farm Bureau’s 105th Annual Meeting in Chicago. IFB President Richard Guebert Jr. and Mark Gebhards, executive director of governmental affairs and commodities, provided a post-meeting briefing for media. See video and full recap of events on FarmWeekNow.com.

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