LEADER PAGE - 03/22/2019
TRUMP: TRADE DEAL LIKELY – U.S. President Donald Trump Friday said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that he didn’t believe his call for sustained tariffs would complicate the trade talks. Trump also said he expected to keep a 25 percent tariff on European light trucks in reference to separate trade talks with the E.U. “The European Union…frankly, treats us as badly as China,” Trump said. (Reuters)
GAS TAX INCREASE PROPOSED – A proposed $2 billion gas tax increase working its way through the Illinois statehouse would help pay for infrastructure projects. The proposal would double the state’s gas tax from .19 cents a gallon to .38 cents and would increase the annual vehicle registration fee by $50. (Illinois News Network)
MILLERCOORS SUING ANHEUSER-BUSCH – MillerCoors Thursday filed suit against Anheuser-Busch, alleging the St. Louis-based brewer’s ads are false and misleading. MillerCoors’ central complaint – there is no corn syrup in the beer consumers drink – stems from a Bud Light super bowl commercial which accuses MillerCoors of using corn syrup in its brewing process and beers. MillerCoors also alleges Anheuser-Busch is deliberately playing on consumers’ ignorance that ordinary corn syrup is different from high-fructose corn syrup. (Milwaukee Journal Sentinel)
HIGH-QUALITY FARMLAND STILL IN DEMAND – Farmland values generally remained firm for high-quality soil across Illinois in 2018, with some softening of prices for lesser quality ground. But volatility in the market escalated significantly as farmers continue to deal with tightening margins and rising debt, according to members of the Illinois Society of Professional Farm Managers and Rural Appraisers. (FarmWeekNow.com)
FARMWEEK PREVIEW – Be sure to check out next week’s issue of FarmWeek to read stories about USDA’s estimation that nearly 45,000 acres of land are underwater in northern Illinois due to flooding; 2018 farmland prices according to the Illinois Society of Professional Farm Managers and Rural Appraisers; and farmers flocking to Moultrie County to see a unique, side-by-side saturated buffer experiment.
About Leader Page: This collection of articles from mainstream and agriculture media is designed to keep you informed as a member and leader in our organization. The articles here are not intended to represent Illinois Farm Bureau policy or positions, but rather to give you an idea of what is being reported regionally, nationally and globally.
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