LEADER PAGE - 5/22/18

U.S., CHINA INCH TOWARD AGREEMENT – The U.S. and China are moving closer to a trade deal after the U.S. agreed to a reprieve for Chinese telecom giant ZTE Corp. and Beijing said it will reduce car tariffs to 15 percent. The U.S. had previously agreed to suspend tariffs on up to $150 billion in Chinese imports while the two countries negotiated a new trade deal. (Wall Street Journal)


THE NEXT WEAPON IN THE WAR ON WEEDS – Robots could be the next big thing to disrupt not only weeds, but the $100 billion pesticide and seeds industry. The robots, which identify weeds then spray them with chemicals, could reduce the need to universal herbicides and genetically modified crops, sending a shock to ag giants like Bayer, DowDuPont, BASF and Syngenta. (Reuters)


FARM BILL A POLITICAL BARGAINING CHIP – Politics are getting in the way of needed stability for farmers, according to IFB’s Adam Nielsen. “Getting House passage would have been a little bit of a shot in the arm,” Nielsen said in an interview with Illinois News Network following the House’s failure to pass the legislation. “Instead, everybody’s wondering where do we go from here?”


TRADE TRUCE COULD BOOST AG PRODUCTS – American beef, corn and soybean farmers could benefit the most from the U.S.’ trade truce with China. The two countries last weekend issued a joint statement saying that both “agreed on meaningful increases in United States agriculture and energy exports.” Some experts expect a potential increase of $60 to $90 billion in Chinese purchases of U.S. goods, with a rise in ag imports, particularly beef. (CNBC)


SILVER LININGS – Although the failed farm bill vote is a blow to agriculture, Illinois Farm Bureau’s Adam Nielsen cited some positives that came from the debate, including support for streamlining the ARC-PLC process and “overwhelmingly strong votes against” phasing out crop insurance. (FarmWeekNow.com)


About Leader Page: Leader Page is a collection of articles gathered from both mainstream and agriculture media and is designed to keep you informed as a member and leader in our organization. The articles summed up above 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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"To improve the economic well-being of agriculture and enrich the quality of farm family