Farmers’ Price Insurance

first_img“As a result, they’re seeking ways to protect themselves against a drop in market prices,”he said. “Put options give them the ability to manage their price risk.” “First,” he said, “farmers no longer have the target price-deficiency payment subsidysystem they had under previous farm programs.” “A put option is one of a toolbox full of marketing techniques that can be used,” he said.”It should definitely be a part of a farmer’s marketing plan.” Agricultural commodity options, he said, are agreements that guarantee the option buyerthe right to buy or sell a commodity for a certain price. “If you insure a car, you’re protecting it against potential damage,” said GeorgeShumaker, an economist with the University of Georgia Extension Service. In the first year under the new federal farm bill, farmers are buying put options more thanever, Shumaker said. He cites two main factors that figure in the trend. The trend to greater use of put options is a sound one for Georgia farmers, he said. Under the old programs, he said, subsidies would kick in if the market price for a cropfell below a certain target price. In effect, the system set a minimum price growers knewthey could get for their crops. Radical changes in federal farm programs have led farmers in Georgia and elsewhere tobuy a lot more insurance these days. Not on their tractors, or even their crops. They’reinsuring the prices they get for their crops. Under past farm programs, he said, farmers had to participate in acreage restrictionprograms to be eligible for subsidy payments. With the new farm bill, though, they’refree to plant whatever they want. So the supply of farm commodities is open to muchwider fluctuations. * Cash forward contracts, which set a fixed price a farmer will get for his crop.center_img “The second factor,” he said, “is the likelihood of greater price fluctuations as a result ofthe removal of federal supply controls.” “They saw corn prices at $5 a bushel in May and June,” Shumaker said. “By Decemberthe price was down to $2.50 a bushel. And wheat prices went from around $7 a bushel toless than $3.” “Now, though, their income is dependent on market prices, not on subsidy levels,”Shumaker said. If farmers weren’t convinced of the value of put options before, they probably becamebelievers by the end of 1996. A “call” option fixes the maximum price the option holder will have to pay for a crop. A”put” option sets the minimum price he will get for his crop. “A price is ‘damaged’ if it drops,” he said. “When farmers buy options, they’re justbuying insurance to protect them against a drop in prices.” But it should never be the only part, he said. Among other things, Shumaker urgesgrowers to use: “Before, farmers were buffered by the actions of the federal government,” Shumaker said.”Now they will feel the brunt of market price swings. * Basis contracts, which lock in the relationship between local cash markets and futuresmarkets. “These should be used in conjunction with put options, which are based onfutures markets,” he said.last_img read more

Brazilian Military and Police Occupy Rio de Janeiro Slum

first_imgBy Dialogo March 05, 2013 On March 3, Brazilian Police moved to occupy slums near Rio de Janeiro’s international airport and seaport as part of efforts to drive out drug traffickers ahead of the 2014 World Cup. The operation involved hundreds of police backed by mechanized units of the Military, which entered Caju and Barreira do Vasco favelas to begin establishing control of their narrow streets. There were no immediate reports of resistance from residents of the township. Officials said earlier that more than 1,000 police and 200 Brazilian Navy commandos in armored vehicles had been planned to take part in the operation. According to Police, their next target would be violence-plagued Mare, an area near the airport largely controlled by drug gangs and militia units. The area, home to 75,000 people, is ringed by freeways, including one that provides access to Galeao International Airport. Rio’s feared Military Police battalion BOPE was set to occupy the zone until a specially-trained police force known as UPP can be deployed. In 2008, Rio authorities moved to reassert control in lawless favelas, or slums, ahead of the 2014 World Cup and the 2016 Rio Summer Olympics. So far, 30 UPPs (Police Pacification Units) with more than 8,000 officers have been deployed and are protecting more than half of the two million people who live in local slums. Authorities said their goal is to have 40 UPPs in place by 2014. Violence has receded since police launched operations in the slums, including in Rocinha, Brazil’s largest shantytown. In the first half of 2012, the murder rate fell to 10.9 per 100,000 residents, far lower than the national average of 26 per 100,000. In 2009, the murder rate in Rio was 36.2 per 100,000 inhabitants. the favelas in rio de janeiro should be controlled by military forceslast_img read more

Bar mails merit retention poll

first_img Bar mails merit retention poll Supreme Court Chief Justice Harry Lee Anstead and Justice Charles Wells lead the list of 26 appellate judges who will be on the merit retention ballot this fall.Voters will be asked whether the justices and the DCA judges should be retained for six-year terms.The Florida Bar will poll the membership about the judges and justices standing for merit retention this year, as it has in the past, to assist the public with the merit retention process. (Biographical information on the jurists begins on page 22.) Ballots are scheduled to be mailed on August 16. They must be returned to the Bar postmarked no later than September 6. The results will be published in the News. Since voters approved merit selection and retention for the appellate judiciary in 1976, no judge or justice has lost a merit retention election.DCA judges on the merit retention ballot include:• In the First DCA, Robert T. Benton, Marguerite H. Davis, Joseph Lewis, Jr., Ricky Polston, and William A. Van Nortwick, Jr.• In the Second DCA, Chris W. Altenbernd, Virginia M. Hernandez Covington, Carolyn K. Fulmer, Jerry R. Parker, Morris Silberman, and James W. Whatley.• In the Third DCA, Gerald B. Cope, Jr., David M. Gersten, Melvia B. Green, David L. Levy, and Juan Ramierez, Jr.• In the Fourth DCA, Chief Judge Mark E. Polen, George A. Shahood, W. Matthew Stevenson, and Martha C. Warner.• In the Fifth DCA, Richard B. Orfinger, William D. Palmer, Robert J. Pleus, Jr., and Thomas D. Sawaya. August 15, 2002 Regular Newscenter_img Bar mails merit retention polllast_img read more

Train headed to Binghamton from Buffalo derails

first_img(WBNG/WROC) — A train destined for Binghamton derailed in Livingston County early Wednesday morning. The train was coming from Buffalo, N.Y. The cause of the derailment is being investigated. The Norfolk Southern Train went off the rails around 4 a.m. near Letchwork State Park. There were no injuries reported. Residents in the area say they’ve seen nothing like it before.last_img

Governor Wolf Releases GO-TIME Annual Report Highlighting Over $217 Million in Savings for Taxpayers

first_img January 23, 2018 Efficiency,  GO-TIME,  Government That Works,  Innovation,  Press Release Harrisburg, PA – Governor Tom Wolf today announced the release of an annual report highlighting more than $217 million in savings for taxpayers during the 2016-17 fiscal year by the Governor’s Office of Transformation, Innovation, Management and Efficiency (GO-TIME).The governor has challenged his administration to improve productivity and efficiency of state government to deliver more responsible and cost-effective services to the taxpayers of Pennsylvania. He will continue to fix state government and make a government that works by leveraging inter-agency coordination and collaboration to maximize efficiency, modernize operations, and provide the highest quality programs to Pennsylvania.“In a few short years, we have made tremendous progress to reduces costs and improve efficiency throughout state government,” said Governor Wolf.  “Since 2015, these projects have saved more than $373 million and counting. Just as important, we are improving services as we save tax dollars.”The report highlights key initiatives that contributed to the Governor’s goal of $150 million in savings for 16/17 and will continue to produce even more savings in the years to come.GO-TIME is currently working towards a new goal of $500 million in savings by 2020. Highlights from 2016-17 include:$74 million in savings on the purchase of goods and services by the commonwealth, for a total of $143 million in procurement savings since 2015.$23.7 million in savings by preventing fraudulent or erroneous tax refunds by using state-of-the-art analytical software, with estimated savings of $80 million over four years.11.5 percent increase in oil and gas well inspections over last year.First-of-its-kind inmate management system developed with Lehigh University, saving nearly $3 million.Eliminating outdated paper processes and speeding turnaround time on grant applications at Department of Environmental Protection and the Pennsylvania Council on the Arts, saving a combined $360,000 per year.Award-winning cybersecurity services to protect commonwealth data in the cloud and increase efficiency by over $600,000 per year.Improve access to vital services for victims of crime and Pennsylvanians who receive assistance benefits by the Pennsylvania Commission on Crime and Delinquency and the Department of Human Services.“The value of GO-TIME goes beyond dollars and cents,” said Governor Wolf. “It is about making lasting changes to how state government operates and how we do our work each day to serve the people of Pennsylvania.”In addition to savings projects, GO-TIME has trained over 300 state employees on continuous process improvement using Lean principles developed by the private sector. Those employees have since completed over 130 projects to eliminate backlogs, reduce wait times and improve service to the public.GO-TIME also established partnerships with institutions of higher education, including Carnegie Mellon University, Penn State Harrisburg and Temple University, to provide research and analysis support at no cost to state agencies.Finally, the office worked with state agencies to implement online systems for their employees to submit their ideas for how to save money and improve operations which have received over 700 suggestions.In addition to the report, data on all 2016-17 GO-TIME projects is available at OpenDataPA at .To learn more about GO-TIME, visit Governor Wolf Releases GO-TIME Annual Report Highlighting Over $217 Million in Savings for Taxpayerscenter_img SHARE Email Facebook Twitterlast_img read more

Bayern Munich star Alaba dreams UCL revenge against Chelsea

first_img Alaba has been integral to the German side’s success, having made his debut there aged 17 Chelsea take on Bayern again later this month for the first time since 2012. Alaba, Muller, Boateng and Neuer remain and are serial winners. Bayern are on course for an eighth successive Bundesliga title. Alaba has been integral to their success, the 27-year-old Austrian made his debut here at 17, and recently celebrated his 10th anniversary in the first team. A certain Louis van Gaal gave him his debut. ‘He gave me a lot of trust,’ says Alaba. ‘He threw me into the cold water early and today I’m grateful for that. He was a manager who was very “mutig” [brave] at this time. ‘He brought out Thomas Muller, Holger Badstuber and me. He brought a lot of football instinct with him and you could feel in every single practice he has a plan and he knows what he wants.’ Primarily a full-back, Guardiola encouraged Alaba into central midfield, which is where Hansi Flick, Bayern’s interim coach, has been using him. He’s filled in as a No8 and No6 in central midfield and on the left wing. ‘I played No10 for Austria,’ he says, beaming. Alaba’s journey to Munich is a fascinating one. His father George is a celebrity in Austria, as is pop star sister Rose May. George, a crown prince from Ogun state in Nigeria, arrived in Vienna in 1984 to study economics and met his future wife, Philippine-born Gina. But he also worked as a DJ and recorded a hit record. ‘Oh yeah, he was a singer, he had a group and they achieved a gold disc,’ says Alaba. ‘My parents came a long time ago to Vienna, met in Vienna. Of course they had to go through a lot also, but we’re very happy to have our home in Vienna.’ Football dominated his young life. ‘When I was small I was following the Premier League a lot, and when I was a younger player I supported Arsenal. Patrick Vieira was one of my favourite players.’ Might we see Alaba in the Premier League one day? ‘We’ll see. At the moment, I don’t think too much about it, but I can imagine playing somewhere else in my future.’ Vienna wasn’t particularly multicultural back in the 1980s. ‘Back in the days, when me and my sister weren’t born yet, it wasn’t that easy, like maybe it is today,’ he says. ‘Of course, I had things when I was a young boy in my school or also in the street. If you put everything together, maybe not that much. But I had problems there too.’ He is well versed in the recent problems English football has encountered with a fresh wave of racism and the threat by the England team to walk off the pitch. Alaba says: ‘It’s sad that players have to say something, because everybody sees it and everybody hears it, so why should the players [have to] do something? It’s not easy, they have to do their job. It’s sad players have to take their courage and go to the coach or referee. We have to find a solution.’There are a growing band of players willing to put aside their instinctive desire to play in order to make a bigger point by walking off. Primarily a full-back, Guardiola encouraged Alaba into central midfield where he now plays Read Also: Lampard reveals how Kepa has reacted to Chelsea axing ‘Of course you want to finish the game but if it [the abuse] is that hard…? I think football is a game where people come together and football should bring everybody together, whether it is religion or skin colour or where you come from. ‘We should be happy to enjoy that moment together, those 90 minutes where we can show love. Because I think football is love — and when love is not there, for what should we play?’ Bayern need to find a balance between domestic dominance and a return to the pinnacle of European football. Two Champions League wins in 43 years feels a little light for one of Europe’s powerhouses. ‘I think we’re in a good way to reach our goals and maybe also to make a dream come true in the Champions League,’ he adds. First, though, there is the ghost of Chelsea 2012 to exorcise. FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content9 Facts You Should Know Before Getting A TattooTop Tastiest Foods From All Over The WorldTop 10 Tiniest Phones Ever Made6 Natural History Museums That Have World’s Greatest CollectionsFans Don’t Know What She Looks Like NowFantastic-Looking (and Probably Delicious) Bread Art10 Absolutely Unique Facts About Kanye8 Things That Will Happen If An Asteroid Hits Earth8 Superfoods For Growing Hair Back And Stimulating Its Growth2020 Tattoo Trends: Here’s What You’ll See This YearBest & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme Parkscenter_img Memories of May 19, 2012, are seared on to the souls of Bayern Munich players. ‘This city was burning,’ says David Alaba, star of this current Bayern team, a burgeoning youngster back then. ‘It was on fire!’ Bayern Munich star David Alaba wants revenge over Chelsea in the Champions League Munich indeed was in full carnival mode, hundreds of thousands hitting the streets to attend live events.The Champions League final had come to town and Bayern Munich had fought their way through for the right to contest it in their home stadium. ‘Our City, Our Stadium, Our Cup,’ read the vast banner at the Bayern end, surrounding a huge image of the famous old European Cup. It had been 11 years since they had last won that trophy. The sense of destiny hung heavy in the spring evening at the Allianz Arena. ‘We played against Real Madrid in the semis,’ continues Alaba. The game was dominated by Bayern against an ageing Chelsea team before shootout pain This was Jose Mourinho and Cristiano Ronaldo’s record-breaking Real Madrid, the team that beat Pep Guardiola’s Barcelona to the title and accumulated 100 points. ‘I still remember that game and how we came through. We had a great team, great team spirit. But I got my yellow card in this game, I was not able to play in the final.’ Alaba was confined to the stands on that fateful day. ‘We played a hell of a game against Chelsea,’ he recalls. ‘And at the end of the day … we didn’t have the W…’ Juan Mata missed Chelsea’s first penalty in the shootout but Didier Drogba scored the winner In simpler terms, Bayern lost to Chelsea, a night also indelibly etched into the memories of Blues fans and, of course, current manager Frank Lampard. A tense game, dominated by Bayern against an ageing Chelsea team shorn of suspended John Terry, appeared settled by Thomas Muller’s 83rd-minute goal. The twist came from Didier Drogba’s 88th-minute headed equaliser. Even then, Bayern missed a penalty in extra time. Juan Mata missed Chelsea’s first penalty in the shootout, though Lampard scored and eventually Drogba, 34, won the trophy with his spot-kick. ‘It was painful,’ Alaba recalls. ‘Not to be able to help the team, especially in a game like that, a Champions League final and then we didn’t win. Chelsea take on Bayern again later this month for the first time since 2012. Alaba, Muller, Boateng and Neuer remain and are serial winners. Bayern are on course for an eighth successive Bundesliga title. Alaba has been integral to their success, the 27-year-old Austrian made his debut here at 17, and recently celebrated his 10th anniversary in the first team. A certain Louis van Gaal gave him his debut. ‘He gave me a lot of trust,’ says Alaba. ‘He threw me into the cold water early and today I’m grateful for that. He was a manager who was very “mutig” [brave] at this time. ‘He brought out Thomas Muller, Holger Badstuber and me. He brought a lot of football instinct with him and you could feel in every single practice he has a plan and he knows what he wants.’ Primarily a full-back, Guardiola encouraged Alaba into central midfield, which is where Hansi Flick, Bayern’s interim coach, has been using him. He’s filled in as a No8 and No6 in central midfield and on the left wing.last_img read more

Special One Jose Mourinho reveals admiration for Old Big ‘Ed Brian Clough

first_img “I walked all the way (around the city) and when I saw the stadium I thought: ‘Are you kidding me – this club won the European Cup? Twice?'” Mourinho says. “It was a nice stadium and a nice city, but it was a small place. It was the size of the stadium that really took me aback. “A small stadium, a small crowd – I looked around and tried to take it in.” Clough won back-to-back European Cups with Forest in 1979 and 1980. He also gained many neutral admirers with his wit and outspoken views. Mourinho, who has also won the trophy twice, said: “A lot of people say we have similarities and there are certainly coincidences.” Mourinho admires the way Clough used to project himself in interviews and press conferences. He said: “We all probably remember Clough’s best quotes. ‘I wouldn’t say I am the best football manager there is,’ he used to say, ‘but I am in the top one.’ I love that line. “He had all that self- esteem and big self-belief. He was very confident about himself, and from what I know about him he was very comfortable with the attention. Jose Mourinho has spoken of his profound admiration for former Nottingham Forest manager Brian Clough. Press Association “Maybe because Brian Clough was such a huge personality, with so much charisma, everyone remembers his quotes and the stories and a few people forget his talents. “He didn’t win two European Cups with Nottingham Forest just because of his charisma. “History cannot delete what he and Nottingham Forest did – their results, the cups, the achievements, absolutely unbelievable achievements. “I have huge respect for what they did. I think if Brian Clough was around today, we would get on.” In the foreword for a new book on Clough called I Believe in Miracles, the Chelsea boss talks about the similarities between himself and the two-time European Cup-winning manager. The Portuguese revealed he went on a day trip to Nottingham during Euro 96 while he was working at Barcelona to see the place where Clough enjoyed his success. last_img read more

Tough four days of cricket in store for Jaguars, Pride

first_img… We are prepared for the challenge, says Pride head coachTHE familiar surroundings of the Guyana National Stadium at Providence will provide the backdrop for what is anticipated to be four days of tough cricket when front-runners and defending champions Guyana Jaguars face off with third-place leaders, Barbados Pride, in round five in the Cricket West Indies (CWI) Professional Cricket League Regional 4-Day Tournament.Matches between the two sides date back to 1865 and have produced some of the most intriguing battles in the regional first-class game – and the same can be expected from this contest, since the outcome could have a heavy bearing on the recipients of the Headley/Weekes Trophy of supremacy.Currently, the Jaguars sit on 64.8 points, 20.2 points ahead of second-placed Leeward Island Hurricanes (44.6), Barbados Pride (42.4), Trinidad and Tobago Red Force (41.8). Jamaica Scorpions (36.6) and Windward Islands Volcanoes (18.4) complete the points table after four rounds.Both teams enter the contest with much confidence, following solid victories in the previous round, when the Pride iced the Volcanoes, and the Jaguars stopped the Red Force.This should be enough motivation for both teams, but the visiting side’s head coach Emerson Trotman said the Pride, however, can’t be too self-assured since the home team have enough proven match-winners to make things difficult for the Pride.“We are up for the challenge … we are prepared for it, and if I can remember the last time we were here, unfortunately, the rains came and I thought we were on top of the game; so this time around we are just looking to execute our skills and carry out the game plans,” Trotman reckoned.On the other hand, the National stadium has always been a happy hunting ground for the home team. In a recent interview, manager/assistant coach of the Jaguars unit urged his charges to utilise the home conditions to the fullest.Meanwhile, both teams made one change from their fourth round encounter. For the home team Test opener Rajendra Chandrika is making way for 20-year-old West Demerara left-hander Akshaya Persaud, who was the leading run-scorer in the Jaguars Franchise League Three-day competition this year.Chandrika, who played five Test matches in 2015-2016, could manage only 176 runs at average of 22 from his last five first-class matches. His highest score during the period has been 35.Further, all-rounder Shamar Springer has replaced leg-spinner Hayden Walsh Jr in the Barbados Pride 13-man squad.Guyana Jaguars squad reads: Leon Johnson (captain), Tagenarine Chanderpaul, Chandrapaul Hemraj, Shivnarine Chanderpaul, Vishaul Singh, Anthony Bramble, Keemo Paul, Akshaya Persaud, Sherfane Rutherford, Romario Shepherd, Veerasammy Permaul, Gudakesh Motie and Keon Joseph.Barbados Pride squad reads: Shamarh Brooks (captain), Anthony Alleyne, Jonathan Carter. Justin Greaves, Keon Harding, Aaron Jones, Shayne Moseley, Ashley Nurse, Mario Rampersaud, Shamar Springer, Kevin Stoute, Jomel Warrican, Kenroy Williams.last_img read more

Reggae Girlz intend to make mark at World Cup: head coach Menzies

first_img… play Brazil in opening  game todayPARIS, France (CMC) – Jamaica are not at the Women’s World Cup merely to spectate but to show they are one of the best in the world, head coach Hue Menzies has insisted.The Reggae Girlz are the first nation from the Caribbean to qualify for the World Cup and will play Brazil in their opening game today.Despite being the 53rd ranked team in the world, the Jamaicans are not daunted about being in Group C with sixth-ranked Australia, Brazil (10th) and Italy (15th).Menzies said despite their ranking, he believes the Reggae Girlz are the best counter-attacking team at the World Cup.“The entire World Cup is a group of death so it doesn’t matter where you fall. We are here to compete and we feel like we are ­probably one of the best teams in terms of counter-attacking, so we are going to depend a ­little bit on that,” Menzies said.“Everybody knows it, it’s nothing to hide, but teams will have to deal with our pace and also our attitude to get results. We just have that.”The Jamaicans arrived in France late last week and Menzies reported that the team had settled in well, ahead of the Brazil contest.Meanwhile, Mireya Grey joined the team Friday night, replacing injured Kayla McCoy, who had to withdraw from the tournament with a knee problem.The Reggae Girlz also received a boost ahead of their opener against Brazil, after it was announced that reigning FIFA World Best, Marta, would not feature for the South Americans.Marta has been struggling with an injury to her left thigh since late last month but there were hopes among the Brazilians that one of women’s football’s biggest names would recover in time to face debutants Jamaica.She has scored 133 goals for Brazil in 110 games and helped the country to two Olympic silver medals and a Women’s World Cup final. She is also a six-time recipient of the World Player-of-the–Year award.last_img read more

Federer survives Wimbledon scare, Nadal eases through

first_imgFederer survives Wimbledon scare, Nadal eases throughEIGHT-time champion Roger Federer survived a first-set scare to see off South African debutant Lloyd Harris and reach the Wimbledon second round.Federer, 37, moved through the gears to win 3-6, 6-1, 6-2, 6-2 on Centre Court.The Swiss, aiming for a record-extending ninth men’s title, will face Britain’s Jay Clarke next.Third seed Rafael Nadal faced fewer problems against Japanese qualifier Yuichi Sugita, winning 6-3, 6-1, 6-3 to set up a meeting with Nick Kyrgios.Harris, 22, had never even won a match on grass going into his meeting with arguably the greatest player of all-time.But the world number 86 rocked Federer with blistering serves consistently around 130mph and backed that up with some heaving groundstrokes in a first set which left Centre Court murmuring in disbelief.After breaking Federer’s serve for a 4-2 lead, Harris confidently sealed the opener in 29 minutes, as he threatened to create one of the most seismic shocks ever seen at Wimbledon.Federer, who had dropped a set in the first round at Wimbledon for the first time since 2010, seemed to lack the assurance which has rarely gone missing in his illustrious career.“I struggled early on. I felt a bit frozen, my legs weren’t going,” he told BBC Sport.“I felt it was heavy out there, the ball wasn’t going when I was hitting it and he was hitting it big.”Nadal also made a slow start as 30-year-old Sugita broke his opening serve in the first game, with the world number 274 threatening to go 3-0 up before the Spaniard fought back from 0-40 to hold.The sense of shock around Court One did not last much longer though, with 33-year-old Nadal breaking back in the next game and taking control with four of the next five to clinch the opening set.Sugita, who had won only one previous match at SW19, offered little resistance from that point as two-time champion Nadal raced through the second set and dominated the third, crucially breaking in the eighth game.That set up a tantalising meeting with controversial Australian Kyrgios, who beat compatriot Jordan Thompson in an entertaining five-setter earlier yesterday.Nadal accused Kyrgios of “lacking respect” after the 24-year-old beat him in Acapulco earlier this year, with Kyrgios describing the 18-time Grand Slam champion as “super salty” in a recent podcast.Asked about the attention surrounding their relationship, Nadal said: “Being honest, I’m too old for all this stuff. What I said, I said. That’s all.“I’m not a guy who will be in a fight with anybody. I will keep doing things I love. Tomorrow I will be back in this amazing place.“At the beginning of this match it was tough. There are a lot of things to improve.” (BBC Sport)Caption:Roger Federer was imperious at the net, winning 94% of the points when he came forward.last_img read more