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Net Farm Income Forecast Shows 2018 Decline

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first_img Previous articleCrop Insurance Sets Acreage Record in 2017Next articleUSDA February WASDE Report NAFB News Service The Department of Agriculture predicts net farm income will decline 8.3 percent in 2018, dropping $5.4 billion to $59.5 billion. Meanwhile, USDA’s Economic Research Service suggests that net cash farm income is forecast to decline $6.7 billion, or 6.8 percent, to an inflation-adjusted figure of $91.9 billion. USDA says the forecast declines are the result of changes in cash receipts and production expenses. If realized, 2018 net farm income would be the lowest since 2002 and net cash farm income would be at its lowest level since 2009. Both profitability measures remain below their 2000-2016 averages, which included substantial increases in crop and animal/, and animal product cash receipts from 2010 to 2013.Net cash farm income includes cash receipts from farming as well as farm-related income, including government payments, minus cash expenses. Net farm income is a more comprehensive measure of profits that incorporates noncash items, including changes in inventories, economic depreciation and gross imputed rental income.Source: NAFB News Service Home Indiana Agriculture News Net Farm Income Forecast Shows 2018 Decline SHARE Facebook Twitter By NAFB News Service – Feb 9, 2018 Net Farm Income Forecast Shows 2018 Decline Facebook Twitter SHARElast_img read more

Marvin Kalb warns against military strategy that inconsistently seeks approval of Congress

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first_img Read Full Story The founding director of the Shorenstein Center and Edward R. Murrow Professor of Press and Public Policy at Harvard Kennedy School, Marvin Kalb spoke to the Shorenstein Center about the war powers of U.S. presidents and how the lack of congressional support has impacted military policy.Drawing on the example of Vietnam, Kalb argued that “the word ‘commitment,’ when uttered by a president of the United States, almost becomes policy.” President Truman’s attitude toward Vietnam “changed dramatically” during his term, said Kalb. At first he didn’t see Vietnam as a threat, but by the end of his presidency, Vietnam was “within the national security interests of the United States.” Regarding Korea, Truman, who years before said that “if he ever had to send American troops anywhere in the world, it would only be with the approval of the U.S. Congress,” bypassed Congress and instead sought approval from the U.N. for war with Korea. The threat of communism advancing into the free world was such a direct threat, Kalb pointed out, that action was needed immediately.This pattern of keeping Congress out of the approval process on military action continued through the presidencies of Eisenhower, Kennedy, Johnson and Nixon, up to present day, Kalb said. But the pattern was disrupted with the recent development in Syria, he said, when after making statements about a U.S. strike, Obama instead went to Congress to seek approval.Listen to the audio on SoundCloudlast_img read more

Draker Labs selected by Premier Power to monitor over 2 MW of PV projects

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first_imgDraker Laboratories, a provider of turnkey monitoring systems for commercial photovoltaic (PV) systems in Burlington, has been selected by Premier Power Renewable Energy, Inc. (OTCBB:PPRW), a global leader in the development, design, engineering, and construction of solar power systems for commercial, government, and utility markets in the United States and Europe, to monitor energy production at several PV facilities the company is developing. One example of Draker and Premier Power working together is on a 2 megawatt (MW) warehouse and distribution facility project in Torrance and Carson, CA, where Draker will supply data acquisition and monitoring equipment for the solar electric generating project Premier designed and is constructing.‘Premier Power’s strong presence in North America and Europe for integrating and installing commercial-scale solar PV systems is a perfect fit for Draker’s product depth,’ said Chach Curtis, chief executive officer of Draker Laboratories. ‘We appreciate the confidence the Premier Power team has placed in us and look forward to our continued collaboration in the future.’Commenting on the decision to partner with Draker, Miguel De Anquin, chief operating officer for Premier Power said, ‘We were impressed by the breadth and depth of Draker’s turnkey solution, which includes hardware, a web interface and field services, and feel that the company’s track record, commitment to quality, and reliability makes them an ideal choice for projects we are engineering and constructing. We welcome the opportunity to continue working with Draker in 2011 and beyond.’About Draker LaboratoriesDraker Laboratories provides highly accurate and reliable monitoring solutions that help owners and operators of commercial-scale PV systems maximize the efficiency and profitability of their solar assets. As a supplier of complete, end-to-end monitoring solutions, Draker provides turnkey systems that combine proven field instrumentation with an intuitive Web-based data management system and unmatched customer support. For more information, visitwww.drakerlabs.com(link is external).About Premier PowerPremier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry’s leading products. Premier Power’s technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbolPPRW.OB. Additional information is available at the Company’s website at www.premierpower.com(link is external).Forward-Looking StatementsThis release may contain certain “forward-looking statements” relating to the business of Premier Power Renewable Energy, Inc. (’Premier’), which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, some of which are beyond Premier’s control. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier’s current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.Source: BURLINGTON, Vt.–(BUSINESS WIRE)–Draker Laboratories. 10.12.2010last_img read more

Lady Cats Prevail Over Lady Trojans On The Links

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first_imgThe Franklin County Lady Wildcats followed up their record breaking night by shooting another solid team score of 161 and defeating the East Central Trojans 161-192 at Brook Hill Golf Club. Senior, Dana Branstetter, was medallist with a score of 37. The win tonight brings their record to 6-0.FC Varsity-Dana Branstetter – 37, Kendyl Brack – 39, Abby Orschell – 40, Maggie Brack – 45, Gracie Graf – 48.FC JV. Ashlan Hill – 45 (PR), Jade Allen – 52, Camryn Brewer – 56, Sam Ebrens – 55, Erin Hesselbrock – 54.The team will be back in action this Saturday at the Hall of Fame Tournament at Purdue University.Courtesy of Wildcats Coach Marissa Mears.last_img read more

Lady Wildcats Battle Lady Spartans In Softball DH

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first_imgThe Franklin County Wildcats kept their winning streak rolling against Connersville on Wednesday evening defeating the Spartans 4-1. Pitching was the name of the game in this one and Jerri Ellis and Kendall McCool battled back and forth inning to inning. Franklin County had just enough timely hits and selfless softball to get the victory. With the victory, Franklin County’s record to 12-3 on the year and 6-2 in EIAC play. The Spartans fell to 8-7 on the year and 5-3 in EIAC play.In the second inning, the Wildcats got on the board first. Camryn Brewer led of the inning with a single to left and then advanced to second on a Spartan throwing error. Then a beautiful sacrifice bunt by Kloe Bolos advanced Brewer to third. Kendall McCool followed that up with another bunt in an attempt for a suicide squeeze. The Spartans attempted to get the tag out at home on Brewer, but she slid in just underneath the tag to take the lead 1-0.Franklin County added two more runs in the fourth inning with a double by Hannah Hornsby and a single by Kloe Bolos.The Wildcats scored their final run in the fifth when Gabby Mitchum led off the inning with a single to right field. Next, Maggie Wendel laid down a sacrifice bunt that allowed Mitchum to get to second base; however, no Spartan could get back to third in time and Mitchum kept right on going to third. She would score on the next at bat by a RBI ground out by Kamryn McCool.The Spartans lone run came in the seventh inning on a home run by Fields to center field.Kendall McCool pitched an excellent game for the Wildcats inside the circle. She surrendered one run on two hits over seven innings, striking out five and walking one.Ellis took the loss for Connersville. She surrendered four runs on five hits over six innings, striking out three and walking one.The Wildcats had five hits in the game. Camryn Brewer led the way for Franklin County with two hits in three at bats.The two teams took a 30 minute break and then got the second game of their double header started. Next game recap to follow shortly.Courtesy of Wildcats Coach Alex McCool.last_img read more