December 11, 2018

Today's News Summary:

Headlining our news today, Peapod has released its annual meal planning forecast. Now in its third year, Peapod has found continued and growing appreciation when it comes to a home cooked meal. In fact, 77% of Americans say they would rather eat a homemade meal than go out for dinner. Read about the health trends to look for in 2019 here.

U.S. lawmakers have reached an agreement on the Farm Bill that drops a proposal to tighten food stamps restrictions backed by President Donald Trump, and are looking to vote on it this week. The agreement on the crucial piece of legislation caps a months-long bitter debate, and offers a spot of financial certainty to farmers suffering from the impact of the U.S. trade war with China. Programs covered by the bill include crop subsidies and support to growers seeking access to export markets.

Additionally, U.S. President Donald Trump and Chinese President Xi Jinping agreed at a Dec. 1 meeting in Argentina to a truce that delayed a planned Jan. 1 U.S. increase of tariffs to 25 percent from 10 percent on $200 billion worth of Chinese goods. Lighthizer said on Sunday that unless U.S.-China trade talks wrapped up successfully by March 1, new tariffs would be imposed, clarifying there was a “hard deadline” after a week of seeming confusion among Trump and his advisers. Find more about the next stage of trade talks here.

Del Taco Restaurants, Inc. announced the expansion of its Beyond Tacos test to San Diego. Beginning Thursday, December 13th, Del Taco, the first Mexican fast food chain to offer Beyond Meat’s plant-based protein option, will be testing Beyond Tacos – made with Del Taco’s seasoned Beyond Meat recipe – at 16 locations in San Diego, and five in Los Angeles, Orange, Riverside, and San Bernardino counties.

Also, President Donald Trump’s administration has relaxed rules championed by former first lady Michelle Obama aimed at making U.S. school lunches healthier, a move that will affect institutions that feed 30 million children annually. Read about the school lunch rules here.

Lastly, Empire Company Limited announced that it has completed its purchase of Farm Boy, one of the most exciting, fastest growing and successful food retailers in the country. Read more about the acquisition here.

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