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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

ANALYST: HOG MARKET TO REMAIN RESILIENT DESPITE TARIFF WOES –

The hog market experienced a brief downturn this month following U.S.-China trade talks, but good opportunity may be ahead. Analysts say the spread of ASF in China will eventually force Chinese to import pork from the U.S. “(The Chinese) have lost more animals (to ASF) than the U.S. grows (annually),” said John Payne, senior futures and options broker with Daniels Trading in Chicago. “They can only ration for so long.” (FarmWeekNow)

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FISH AND WILDLIFE EXTENDS COMMENT PERIOD FOR GRAY WOLF DE-LISTING –

Farmers and ranchers have 60 additional days to comment on the U.S. Fish and Wildlife Service’s proposal to take the gray wolf off the endangered species list. With 5,000-plus gray wolves in the U.S., the species’ population numbers surpass recovery targets set by the Endangered Species Act. AFBF President Zippy Duvall called the proposal “a triumph of common sense we all should herald as a conservation success story.” (Farm Bureau)

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CHANGES LIKELY COMING TO CANNABIS LEGALIZATION BILL –

Issues of public safety, social justice and additional revenue for the state concerning recreational marijuana legalization faced a stiff line of questioning at a Wednesday legislative hearing. Measures in the current bill were discussed among state lawmakers. (Peoria Journal Star)

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NEW TRUMP AID PLAN FOR U.S. FARMERS SEEN MIRRORING 2018 PACKAGE –

The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to total $15 billion to $20 billion and involve direct payments, USDA Ag Secretary Sonny Perdue said this week. The plan will likely prioritize hog and soybean farmers. “Currently we are working out the details of the source of the funds,” Perdue said. (Reuters)

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OPPORTUNITY TO REQUEST A REFERENDUM

Soybean growers have until May 31 to request a referendum to vote on continuation of the soybean checkoff program. Growers may request the referendum at the county Farm Service Agency office where their administrative farm records are maintained. The Soybean Promotion, Research and Consumer Information Act requires USDA to conduct a Request for Referendum every five years. (USDA AMS)

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WHITE HOUSE EXPLORES NEW FARMER BAILOUT PLAN

Farmers, lawmakers business execs and global investors alike looked to President Trump for clues on how long the trade showdown with China could last. Trump suggested Monday that the standoff could last years. Tuesday, Trump offered conflicting forecasts, musing that a deal could come in the next month but also predicting a furious economic battle with Beijing. (Washington Post)

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