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  • Regional Cost of Living Differences
    Supply chain disruptions, market concentration, global trade shocks, and housing shortages push issues related to affordability and the cost of living to the forefront. However, these pressures are not experienced…
  • 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 […]

Agriculture News

FARM BUREAU, FARMERS UNION UNITE ON BANKRUPTCY BILL

The Family Farmer Relief Act of 2019 would help more family farmers avoid liquidation or foreclosure, allowing them to stay in operation, the American Farm Bureau Federation and National Farmers Union said in a joint letter to congressional lawmakers. The legislation would raise the Chapter 12 operating debt cap. “Lifting the liability cap will expand access to the restructuring and seasonal repayment flexibility that many farmers need in today’s lagging farm economy.” (Farm Bureau)

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TRUCKING INDUSTRY NO STRANGER TO RESPONDING TO FLOODING

Truck drivers have been busy moving grain and livestock out of harm’s way and sand and rock into flooded areas across the state. Illinois Gov. J.B. Pritzker declared an emergency in 34 Illinois countries along the Mississippi and Illinois Rivers. The move “allows truck operators to bypass a lot of the licensing requirements and those type of things,” said Don Schaefer, with the Springfield-based Mid-West Truckers Association. (FarmWeekNow)

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PLANTING DELAYS WORSEN, BUT ‘IT’S NOT DESPERATION TIME, YET’

As planting delays continue to keep farmers out of their fields, with some confronted with standing water or weed issues, University of Illinois agronomist Emerson Nafziger cautions farmers not to push the panic button, yet. “It’s not desperation time, yet,” Nafziger said. “May is still a good time to plant. The (potential) yield loss per day is not very large now.” (FarmWeekNow)

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PERDUE’S MESSAGE TO JAPAN: BUY MORE AMERICAN BEEF

U.S. Ag Secretary Sonny Perdue picked up his BBQ tongs Monday while visiting Tokyo to express his hope for a fair trade deal between the U.S. and Japan. “From my perspective and our farmers in America, I’d have preferred it done yesterday, but the reality is these things take time,” Perdue said. (Washington Post)

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KUDLOW CONTRADICTS TRUMP ON TARIFFS

White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S., contradicting President Trump’s claims that China will pay for U.S.-imposed tariffs. “Both sides will suffer on this,” Kudlow said, arguing that China will suffer significant GDP losses as export markets are hit. On the other hand, he said the blow to U.S. GDP, on the other hand, won’t be substantial since the economy is “in terrific shape.” (CNBC)

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TRUMP’S FARM AID SOLUTION

The Trump administration has said it will begin work on a new program to provide aid to farmers affected by the trade war. One of President Trump’s proposed solutions, tweeted Friday, is that the U.S. could use tariff revenue to buy “agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance.” (Politico)

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