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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

US-CHINA TRADE WAR FORCING FARMERS TO TAKE 2ND JOBS –

A nine-and-a-half-hour drive from Illinois to Nebraska is a regular day in the life for corn and soybean farmer Mark Tuttle. Five days a week, the DeKalb County native transports seeds and other agricultural products, his workdays sometimes nearing 12 hours on the road. Despite receiving his first USDA MFP payment, Tuttle told ABC News that many farmers within his community depend on side businesses to earn additional income. (ABC News)

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AG EQUIPMENT MAKERS PINCHED BY TRADE TENSIONS –

Major manufacturers like John Deere are feeling the impact of extreme weather and the ongoing trade on the ag industry. Caterpillar says sales of tractors and combines have been down during the first half of the year. Extreme weather in the Midwest, delaying harvest, and the ongoing trade war has kept Illinois farmers like Phil Fuhr from buying new equipment this season. (CNBC)

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FARMERS AND RANCHERS CELEBRATE JAPANESE TRADE DEAL, LOOK FORWARD TO MORE –

President Trump today signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. The Japan bilateral agreement keeps intact essentially all the trade benefits the United States would have gained in Japan under TPP. AFBF has further analysis concerning the agreement here. (Farm Bureau)

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A SEPTEMBER TO REMEMBER –

Many farmers hoped for some additional heat units in September to help late-planted crops catch up on maturity. And most got just that. The statewide temperature last month averaged a steamy 71.3 degrees, nearly 5 degrees warmer than the long-term average. (FarmWeekNow)

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5 WAYS TO COPE WITH TOUGH TIMES –

Today’s tough economic times are affecting farmers’ bottom lines. How to cope? Here are some ideas from four farmers: Use technology wisely, sell direct to end users, don’t forget carbon markets, integrate data and manage policy-induced policy. Elaboration available at Successful Farming.

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U.S. WIDENS TRADE WAR WITH TARIFFS ON EUROPEAN PLANES, CHEESE, WHISKY –

The U.S. on Wednesday said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies. The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case. (Reuters)

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