Will There Be Enough Credit To Support Ag Growth?

first_imgBut the way farmers go about getting credit is changing. In many cases, farmers are seeing capital investments from outside of the family farm, but Lane says this does not make farming operations any less of a family farm, “You may lose a little of the Norman Rockwell view of the family farm, but today it is a business and needs to be treated like a business.” He said there is a lot of capital that is required to run a farm, rent the land, and buy the inputs, so you have approach it as a business; but, in most cases, it is still a family running the farm and owning the farm.  He said 90% of FCS customers are family-run farms even if they do have outside investors.  Lane noted that there are a growing number of investors who want to invest in a farming operation but do not have the skills to run a farm and that there are a growing number of operations that have outside investors that are not involved in farming the land. Will There Be Enough Credit To Support Ag Growth?But with the increasing prices of land, equipment and input costs, will there be enough credit going forward to continue to keep agriculture growing? Lane says yes, “In the future, particularly, the larger operations are going to have to get creative in accessing capital, and they are going to have to do a much better job of financial analysis and record keeping in order to attract that capital.” SHARE Facebook Twitter Previous articleOil Rally Falters on Government DataNext articleSeed Consultants 3/14/2013 Market Closing with Gary Wilhemy Gary Truitt SHARE Will There Be Enough Credit To Support Ag Growth? KeithKaneAgriculture needs good soil, good climate, and good people in order to thrive and survive. But, increasingly, it also needs a good source of credit to fund farming operations. Keith Lane, with Farm Credit Services of Mid-America, says one of the reasons the farm economy has been doing better than most of the rest of the economy is the good source of credit it has, “The growth we have seen in the agriculture sector is due in large part to the good access we have had to credit.”  He told HAT many players have helped bring this about, “Certainly the Farm Credit System has played a major role, but many local and regional banks have also participated in making credit and capital available to farmers.” He added, since 2008, new investors have had to be found to purchase the bonds needed to provide a good source of credit for agriculture. He said, absent that source of capital, the agriculture landscape would look much different today. By Gary Truitt – Mar 13, 2013 Facebook Twitter Home Indiana Agriculture News Will There Be Enough Credit To Support Ag Growth?last_img read more

COVID-19 Continues to Impact Farmer Sentiment in Latest Purdue Ag Barometer

first_img COVID-19 Continues to Impact Farmer Sentiment in Latest Purdue Ag Barometer Facebook Twitter SHARE SHARE Home Indiana Agriculture News COVID-19 Continues to Impact Farmer Sentiment in Latest Purdue Ag Barometer Previous articleAmerican Dairy Association Indiana Announces Winners of ‘Hoosier Heroes’ CampaignNext articleHog Farmers Losing Money on Every Hog They Sell Eric Pfeiffer Farmer sentiment improved slightly in May after falling sharply in both March and April, according to the Purdue University/CME Group Ag Economy Barometer. The index was up 7 points from April to a reading of 103, but it remained nearly 40 percent below its all-time high of 168 set in February 2020. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month’s survey was conducted between May 18-22.The Index of Current Conditions improved in May, up 11 points from April to a reading of 83, as did the Index of Future Expectations, up 4 points to a reading of 112. In May, farmers were also somewhat more inclined to think now is a good time to make large investments in their farming operations. The Farm Capital Investment Index rose to a reading of 50 compared to just 38 a month earlier. While collectively all three of these indices improved in May, each was down more than 30 percent compared to February 2020, before coronavirus impacted markets.“This month’s survey was conducted the same week that USDA announced the details of the Coronavirus Food Assistance Program (CFAP) so awareness of that program’s details could be one of the key reasons for this month’s barometer improvement,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. “Yet some farmers remain worried about their bottom line and are still looking for options to alleviate those concerns.”In the May survey, more than 70 percent of respondents indicated they were “very worried” (34 percent) or “fairly worried” (37 percent) about the impact of coronavirus on their farm’s profitability, up from 67 percent in April. Their two biggest concerns were market access (42 percent) and financial (39 percent), with health and safety (11 percent) coming in third. Providing further evidence of their financial concerns, two-thirds of farmers surveyed indicated they think it will be necessary for Congress to pass another bill to provide more economic assistance to U.S. farmers.When asked about expectations for their financial position over the next 12 months, over 60 percent said they expect farmers’ equity positions to decline over the next year, up sharply compared to 28 percent of farmers who felt that way in February 2020. Meanwhile, over 25 percent of farmers surveyed who rent farmland said they expect to ask their landlords to lower their cash rental payments in 2021 as a result of COVID-19. Mintert suggested this could lead to downward pressure on cash rental rates next year.Read the full Ag Economy Barometer report at https://purdue.ag/agbarometer. This month’s report includes insight into producers concerns over the ethanol demand and expectations for farmland values. The site also offers additional resources – such as past reports, charts and survey methodology – and a form to sign up for monthly barometer email updates and webinars. Each month, the Purdue Center for Commercial Agricultural provides a short video analysis of the barometer results, available at https://purdue.ag/barometervideo. Facebook Twitter By Eric Pfeiffer – Jun 2, 2020 last_img read more

Lady Raiders Come Up Short Against TL Lady Cougars

first_imgSouth Ripley fell in three sets tonight to the Class A #6 ranked Trinity Lutheran team with scores of 25-19, 25-18, and 25-12.“We played great the first two sets and I think we even caught them by surprise with our blocking.” “The wheels just fell off that third set and we really struggled with serve receive and getting our offense going.” “I don’t mind playing great competition though, that’s what this young team needs is all of the experience it can get to help prepare us for conference play and sectional.” “I was very happy with our first two sets, we were up 19-16 the first game and we just couldn’t stay consistent to close it out.” “The second set was the same, we played well, we made some big plays, and then missed some easy plays.”  Raiders Coach Robyn Greiwe.Stats for the game are a follows:  Tori Tucker: 11/12 attacks 1 Kill, 7 blocks (3 solo, 4 assisted) 3/3 serving, 9-11 serve receive;Laken Farrell: 7/9 attacks 1 kill, 5 blocks (2 solo, 3 assisted) 11/11 serving for 7 points, 9/9 serve receive, 5 digs; Morgan Peetz: 8/8 attacks 2 kills, 2 blocks (1 solo, 1 assisted), 4 digs; Mercedes Bowling: 9/10 attacks 4 kills, 5 blocks (2 solo, 3 assisted) 11/12 serving for 6 points, 8 digs; Kiley Sparks: 16/18 attacks 7 kills, 6 blocks (5 solo, 1 assisted) 9/9 serving for 2 points, 12/14 serve receive, 15 digs; Elizabeth Bodenberg: 21/23 setting 5 assists, 6/6 serving; Kayla King: 24/28 setting 5 assists, 9/9 serving for 4 points; Julia Rea: 3/3 attacks 1 kill; and Mariah Gentile: 13 digs, 17/24 serve receive.last_img read more

Other Sports Pankaj Advani Continues To Create History, Clinches 22nd World Billiards Title

first_img For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. Myanmar: One of India’s most consistent sportspersons, Pankaj Advani, on Sunday increased his tally of world titles to 22 by winning a fourth straight final in the 150-up format at the IBSF World Billiards Championship in Myanmar on Sunday. The 34-year-old has brought home a world trophy every year ever since returning from a professional stint in the UK in 2014. In the short format of billiards, this is Advani’s fifth title in the last six years.  “It’s such a touch-and-go format and so unpredictable that winning this four years on the trot and five out of the last six is extremely special,” said the champion athlete.In a repeat of last year’s final against local favourite Nay Thway Oo, Advani re-enacted the one-sided match with the same eventual outcome as well as identical scorelines of 6-2.  “This is the 150 points format in Billiards which is a shorter format and it is unpredictable because anybody can win on that particular day and to maintain consistency in this short format is an incredible feeling (after winning title) for last four years,” he told PTI.From the word go, Advani was in full flow. The gifted Indian was leading 3-0 at the halfway mark with the help of fluent breaks comprising of 145, 89 and 127, while Nay Thway Oo was yet to open his account.  After pulling one back with breaks of 63 and 62, Oo was forced to watch Advani continue to extend the lead. He executed with flair as his sheer brilliance was on display, wowing the Myanmar crowd as they couldn’t help but appreciate his brilliant billiards. Advani secured the next two frames which included a 150 unfinished break. He scored a 74 break and shortly after that closed out the match. Oo was completely subdued by his accomplished opponent and had to settle for a silver medal for the second time in a row.Also Read | Pankaj Advani trounces Iran’s Amir Sarkhosh; clinches IBSF World Snooker ChampionshipWith another trophy in the bag, Advani extends his remarkable run of winning a global crown since 2003. The Bengaluru-based cueist has won more world titles in his sport than anyone else. Advani said winning trophies early in his career did wonders for his mindset.  “Sport is psychological in nature and it helped that I started winning at an early age, and that instilled tremendous amount of self belief in me and I guess that is the reason why I have been able to win that much. I feel the opposition has been great and will be better in years to come with a lot more younger players coming, so to be able to maintain this position and repeat this feats is going to be a  but then that’s what excites me and that is what the sport is all about,” he said. Also Read | IBSF World Billiards Championships: Pankaj Advani beats Mike Russell in grand finale to clinch 17th World titleOn winning a staggering 22nd world title, Advani added, “Every time I participate in a world championship, one thing is clear – my motivation to excel has not diminished. This win a testament to the fact that my hunger and fire are both well and truly alive.”  Advani have to adjust to snooker in less than 24 hours as he competes in the IBSF World Six-Red Snooker and the World Team Snooker Championships. Results: Pankaj Advani (India) defeated Nay Thway Oo (Myanmar) 6-2150(145)-4, 151(89)-66, 150(127)-50(50), 7-150(63,62), 151(50)-69(50), 150(150)-0, 133(64)-150(105), 150(74)-75(63).last_img read more

The Latest: No fall sports season for junior colleges

first_imgN.C. A&T student-athletes who are living on campus live in groups of 8-10 people and also are conducting workouts in groups of that size.___Kentucky says three of 42 student-athletes initially screened from men’s basketball, volleyball and women’s soccer tested positive for past coronavirus infection through antibody testing. The school did not specify in a release which programs the positives came from. Those that tested positive were required to quarantine.Men’s soccer players returned to campus last week and are undergoing initial screening before starting voluntary workouts. “Out of an abundance of caution, we think it makes sense for the six of us to wait for clarity,” Ross said in a release. “Situations like this have not been a worrisome indicator of a positive test result to date.”The Cubs say there should be “further clarity” later in the day.___The Atlantic Coast Conference has postponed its virtual Football Kickoff media event.The league says the event to preview each teams’ prospects heading into fall training camp is delayed until further notice. The three-day event was originally scheduled to be held beginning July 21. The release added that Kentucky has implemented proactive polymerase chain reaction (PCR) diagnostic testing in response to evolving circumstances. Changing workouts have made social distancing and personal protective equipment more difficult to implement, the release said, forcing the change to also align with the campus plan released last month. Forty-one student athletes and 21 staffers from those three programs participated in PCR testing. One student-athlete provided documentation of self-testing.All 108 football players currently working out and 58 staff members participated in PCR testing last week with zero positives.___One person has tested positive in the latest round of checks for COVID-19 on players and club staff in the English Premier League. Men’s and women’s soccer and volleyball will also be moved to the spring. Winter sports, such as basketball, will be slated to start in January, with a majority of championship events moved from March to April.Major college football programs frequently recruit players from the top junior colleges, but without a fall season it will be more complicated for coaches at four-year colleges to evaluate those players.___North Carolina A&T says four student-athletes have tested positive for coronavirus since returning to campus on July 6. All four student-athletes are asymptomatic.If student-athletes have university housing and have tested positive, they are being isolated in a designated area on campus. July 13, 2020 Zurich also has to play title contender Young Boys and St. Gallen and says it wanted to avoid the league being annulled.The 10 teams are already playing in midweek and on weekends to finish the season on Aug. 2 and meet a UEFA deadline for European competition entries. It is unclear when Zurich can play a re-scheduled game against Sion.Zurich is in sixth place but in contention to earn a Europa League entry by finishing fourth.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports “Hope drives us as runners and as humans,” Carey Pinkowski, the executive race director of the Chicago Marathon, said in a release. “My hope was to see everyone on the start line on Sunday, October 11, but our highest priority has always been the safety of our participants and our volunteers.”Organizers say they are working on plans for a virtual experience “to recognize the dedication and commitment of everyone who would have taken part in the 43rd running” of the marathon.___The NHL says 43 players tested positive for the coronavirus from June 8 through the end of the league’s optional workouts.That number announced Monday includes 30 who tested positive at team facilities and 13 the league is aware of who tested positive outside the league’s protocols for its Phase 2. The Latest: No fall sports season for junior colleges Associated Press The league says a total of 2,071 people were tested last week.The person has not been identified. ___The Chicago Marathon has been canceled because of the coronavirus pandemic.The race was scheduled for Oct. 11. Organizers say registered participants are eligible for a refund or can defer their place and entry fee to the Chicago Marathon in 2021, 2022 or 2023. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The National Junior College Athletic Association says it will not have a fall season and will instead attempt to play football and other sports in the spring. Athletes will be permitted to practice and train with coaches and in team facilities “provided health and safety conditions support such activities,” the conference said.___Swiss soccer club Zurich says it will field an under-21 team to try to save the season from being canceled because the first-team is isolating at home.Zurich’s game on Saturday was postponed because multiple players and staff tested positive for the coronavirus.The club says it will play Tuesday against third-place Basel by selecting young players from its backup roster. The ACC says future decisions and announcements will take place “at the appropriate time.”___The Patriot League has joined the Ivy League in canceling fall sports, including football, because of the COVID-19 pandemic.The Division I conference says it has still not determined whether winter and spring sports competition will be held and that it will consider holding fall sports in the second semester. The Ivy League made a similar announcement last week. The Patriot League is the first conference in the Football Championship Subdivision that competes in the Football Bowl Subdivision’s playoffs to suspend its season.Army and Navy compete in the Patriot League in many sports, including basketball, but not in football. The Patriot League said Army and Navy are exempt from the fall sports cancellation, which also includes women’s soccer and volleyball. Sandoval thinks he caught it while golfing with a friend,because he had been careful about being out in public for several weeks beforehand. He said he endured three days of body aches, chills and fever before his symptoms lessened. He rejoined the Angels last week.Sandoval went 5-3 with a 3.66 ERA last season as a rookie with the Angels, making three starts. He is among several candidates for a spot in the back end of the Halos’ rotation.___Chicago Cubs manager David Ross is skipping the team’s Monday morning workout because he is awaiting his completed result from his Saturday coronavirus test.The team says five other Tier 1 individuals also missed the workout for the same reason. Tier 1, according to baseball’s 2020 operations manual, includes players and other on-field personnel. The NHL opened Phase 3 Monday with the start of training camps for the 24-team playoffs, scheduled to open in two hub Canadian cities — Toronto and Edmonton, Alberta — on Aug. 1. Players had until Monday evening to elect to opt out of competition without penalty.All players who tested positive self-isolated. The NHL is not sharing names of the players who test positive or the teams involved.___Los Angeles Angels left-hander Patrick Sandoval is back with the team after contracting coronavirus last month.Sandoval disclosed his positive test Monday from the Angels’ summer camp, calling the virus “unlike anything I’d ever felt before.” He says he tested positive on June 22.last_img read more