Illinois politicians are working towards a balanced state budget amidst tariffs and trade agreements. Agriculture being the number one export here in Illinois, farmers might face significant challenges with rising input costs and lower commodity prices. Illinois State Treasurer Michael Frerichs voices concern over the Trump Administration’s tariffs and its effects on Illinois farmers. Frerichs says Illinois farmers have a lot of nerves surrounding America’s trade partners response.

Frerichs doesn’t feel farmers have the assurance that trade partners will want Illinois exports, with tariffs continuing to be up in the air.

Frerichs gives an idea on various trade agreements that have been put in place between Illinois and countries like Mexico, Japan, and the United Kingdom.

AgInvest is a 40 year old program helping farmers receive low interest rate loans to benefit their operations. Frerichs provides details on how the program works.

For more information, visit www.illinoistreasurer.gov.

Michael Frerichs appeared as a guest on the WTIM Morning Show.