Continental Reinsurance Plc (CONTIN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2008 annual report.For more information about Continental Reinsurance Plc (CONTIN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Continental Reinsurance Plc (CONTIN.ng) company page on AfricanFinancials.Document: Continental Reinsurance Plc (CONTIN.ng) 2008 annual report.Company ProfileContinental Reinsurance Plc offers reassurance services for life and non-life classes through service centres in Nigeria, Cameroon, Côte d’Ivoire, Kenya, Tunisia and Botswana. The company’s reinsurance offering covers fire and engineering; motor, liability and general accident; marine and aviation; oil and energy; and individual and group life risks. Continental Reinsurance Plc also provides specialist advisory services for reinsurance structuring, actuarial and risk management and product development support. Continental Property and Engineering Risk Services (CPERS) Limited in South Africa is a subsidiary of Continental Reinsurance Plc and operates as a technical referral competence with the Group. The subsidiary company was established to meet the growing demand for specialist engineering insurance risk cover and advisory services. Its core functions are underwriting, risk surveys, claims handling and training. Continental Reinsurance Plc’s head office is in Lagos, Nigeria. Continental Reinsurance Plc is listed on the Nigerian Stock Exchange
Zimplow Holdings Limited (ZIMW.zw) listed on the Zimbabwe Stock Exchange under the Engineering sector has released it’s 2013 interim results for the half year.For more information about Zimplow Holdings Limited (ZIMW.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Zimplow Holdings Limited (ZIMW.zw) company page on AfricanFinancials.Document: Zimplow Holdings Limited (ZIMW.zw) 2013 interim results for the half year.Company ProfileZimplow Holdings Limited manufactures and markets a diverse range of products for the construction, infrastructure and agricultural sectors in Zimbabwe. It also manufactures and distributes metal fasteners for the mining, construction and agricultural sector, and has interests in property management and leasing. The Farming division consists of three business units; Mealiebrand, Farmec and Afritrac which oversee the manufacturing of animal-drawn equipment and tractors, and spare parts for agricultural equipment. The Mining and Infrastructure division manufactures and distributes mining equipment, spare parts and related products through four divisions; Barzem, Mealie Brand, CT Bolts and Farmec. Zimplow Holdings Limited is a marketing and distribution agent in Zimbabwe for Massey Ferguson, Valtra, Caterpillar, Perkins, Falcon, Challenger, Vicon and Monosem. Zimplow Holdings Limited is listed on the Zimbabwe Stock Exchange
Equity Bank Limited (EBL.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2015 presentation results for the first quarter.For more information about Equity Bank Limited (EBL.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Equity Bank Limited (EBL.ug) company page on AfricanFinancials.Document: Equity Bank Limited (EBL.ug) 2015 presentation results for the first quarter.Company ProfileEquity Bank Limited is a financial conglomerate offering banking products and solutions to individuals and small-to-medium enterprises in Uganda through its subsidiary company, Equity Bank Uganda Ltd (EBUL). Its product offering ranges from savings and current accounts and fixed deposit accounts to social institutional accounts, credit products, treasury, trade finance and bank guarantee services. EBUL offers solutions for Internet banking, money transfers, merchant acquiring, point of sale and mobile banking services. Equity Bank Uganda Limited was formerly known as Uganda Microfinance Limited and changed its name to Equity Bank Uganda Ltd in 2008 when the microfinance institution was purchased by Equity Bank Limited. The financial conglomerate operates in six countries in the African Great Lakes Region, including subsidiary banks in Uganda, Kenya, South Sudan, Rwanda and Tanzania. Equity Bank Limited is listed on the Uganda Securities Exchange
See all posts by Kevin Godbold I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” I reckon the infrastructure sector looks attractive right now, and renewable energy is one fast-growing area that could support a long-term investment for me.To cover that area in my portfolio, I’m tempted to buy shares in Renewables Infrastructure (LSE: TRIG), which listed on the London stock exchange with its Initial Public Offering (IPO) in 2013. Since then, the investment company has been building a portfolio of assets diversified by power market, regulatory framework, weather pattern and technology class.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Long-term assetsThe investments have asset lives as long as 30 years or so, and the sites are managed “to optimise generation and minimise equipment downtime.” So far, the strategy has been working well for shareholders and the financial record shows a steady stream of dividends with the payment increasing a little each year.Today’s full-year report shows us that dividends for 2019 were just under 2.2% higher than the year before. And the directors are aiming to raise the payment by 1.8% in 2020, which gives us an indication of the pace of progress we can expect from a shareholding. But with the shares near 136p, the forward-looking dividend yield for 2020 is running just under 5%, which I see as attractive.Indeed, since 2013, there’s been little volatility in the share price, and I’m optimistic that a steady performance can continue. If so, TRIG could shape up as a decent investment for shareholders willing to invest for the next few decades.Promising figuresI find the figures in today’s report encouraging. Profit before tax rose by almost 32% and the firm’s portfolio generated around 50% more electricity than the year before. However, earnings per share came in broadly flat because of two fundraising events in the year, which enabled the company to invest in more assets.TRIG raised a gross £530m of new capital in the period and made its first investment in Germany with the acquisition of interests in the Gode Wind 1 and Merkur offshore wind farms. Overall, the firm now has 74 portfolio projects spread between the UK, Ireland, France, Sweden and GermanyThe overall Net Asset Value (NAV) increased by 11.9% in the period, although the NAV per share increased by just 5.6% to 115p. Chair Helen Mahy pointed out in the report that since 2013, the NAV in the accounts has increased by an annualised 8.4%. The business appears to be growing steadily and I reckon that reflects in the way the dividend has grown over the past few years.TRIG seems to be operating in an area of the market that’s gaining traction. And recent political moves towards the goal of a zero-carbon future could act as a tailwind.Mahy said: “Demand for clean energy is growing and we continue to see a pipeline of attractive investment opportunities.” Meanwhile, I’d buy a few of the shares and hold them for decades for the steady and rising income from the dividend. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I reckon there’s a tailwind behind this FTSE 250 stock and its big dividend Our 6 ‘Best Buys Now’ Shares Kevin Godbold | Tuesday, 18th February, 2020 | More on: TRIG Image source: Getty Images.
Kevin Godbold | Wednesday, 11th November, 2020 | More on: BXP GSK Enter Your Email Address Simply click below to discover how you can take advantage of this. Image source: Getty Images. The high-calibre small-cap stock flying under the City’s radar I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Exactly one year ago, I thought pharmaceutical giant GlaxoSmithKline (LSE: GSK) and Beximco Pharmaceuticals (LSE: BXP) were attractive stocks. Today, I still reckon they’re two of the best shares to buy now.The pharmaceutical sector is a rich hunting ground for defensive, cash-producing and recession-resistant businesses. And I’m a big fan of steady dividend income and growth potential. Meanwhile, over the past year, these two stocks haven’t been standing still.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Why I think they are two of the best shares to buy nowWith its share price near 1,475p, GlaxoSmithKline is just over 14% below the level of a year ago. There’s been some disruption to operations because of the pandemic. But the company continued trading, including making a big effort in pursuit of a workable vaccine for Covid-19.Last spring, the directors declared their intention to maintain shareholder dividend payments at a flat level for the year. And I think that move demonstrates the resilience of the business under stress conditions – exactly what’s needed from my defensive investments. However, despite steady trading, the shares declined and bottomed at the end of October.To me, the value looks compelling now. For example, the forward-looking earnings multiple for 2021 is around 12.5. And the anticipated dividend yield is about 5.4%. But those attractive numbers are from a company delivering a return on capital of almost 15% and an operating margin just over 25%. To me, the figures suggest both quality and value, so I’d be happy to buy the stock today.Meanwhile, at 70p, generic medicines producer Beximco Pharmaceuticals has a stock price changing hands around 65% higher than it was a year ago. And some of the move has arisen because of an upwards valuation re-rating. It appears investors are beginning to appreciate the attractions of the highly-regulated business that’s based in Bangladesh.The growth story is on track at BeximcoBut the valuation remains fair. The forward-looking earnings multiple for the trading year to June 2021 is around 10 and the anticipated dividend yield is a little over 3% — and earnings should cover the payment more than three times. Meanwhile, the business has been delivering an operating margin of just under 22% and a return on capital of 15%.I think Beximco’s quality and value metrics look similar to GlaxoSmithKline’s. However, Beximco’s market capitalisation at £284m is tiny compared to GlaxoSmithKline’s almost £74bn. But I’m comfortable with that situation because Beximco could have more room to grow its operations.And today’s full-year results report demonstrates the company’s recent progress introducing new medicines to the Bangladesh home market and abroad. Indeed, there’s been expansion in the US, Europe and the rest of the world. Meanwhile, despite the pandemic, revenue increased by just over 12% year on year, and earnings per share rose by almost 16%.The directors held the cash dividend flat for the year but declared a stock dividend of 10 new shares for every 100 held by shareholders. I reckon the way the firm is sharing its success with investors speaks volumes about the directors’ confidence in the outlook. I’d be pleased to buy some of the shares today and hold for the long haul. Why I think GlaxoSmithKline and this company are two of the best shares to buy now Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended GlaxoSmithKline. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Kevin Godbold
Tackle interpretation: Thomas Lavanini was yellow carded for a ‘no arms’ tackleThe practical issue being that, unlike an upper body tackle; it is very difficult for a player to completely wrap their arms around the ball carrier’s ankles, when leading with the shoulder, due to relatively small circumference of the carrier’s ankles. It takes longer to wrap your arms around a smaller object, than a larger object thus magnifying and isolating the use of the defender’s shoulder. November saw some very unbalanced refereeing with regards to the ‘speed-bump’ tackle. This cannot be the case come the Six Nations – test matches deserve and will require more clarification. TAGS: Wasps The passing of Jonah Lomu, Richie McCaw’s incredible career, crowd funding in Welsh rugby and Wasps’ renaissance are all discussed Momentum: Wasps are leaving big-name sides in their wakeWhereas some clubs make decision making look incredibly difficult, Wasps are currently making it seem very easy – moving Ashley Johnson from flanker to hooker being a minuscule, but perfect example. All of which combined, in November, with Wasps beating Leinster away and Toulon at home. It’s worth remembering that this is a Toulon team which subsequently beat Clermont Auvergne, at the Stade Marcel Michelin, which is rarer than hen’s teeth – it’s actually rarer than a hen’s toothbrush. If you haven’t seen Wasps play this season, do. It’s rugby as it should be played.Can crowdfunding help the Welsh regions?Welsh rugby is beginning to recover after years of financial and administrative neglect. However, the cash flow in Wales is still way short of that in the Aviva Premiership and the Top 14. And whilst lucrative stadium sponsorship deals, and increased commercial activity, are beginning to make a difference, there is one avenue that hasn’t been explored – Crowd Funding. Crowd Funding taps into a revenue stream outside of the traditional routes.Progress: Wales is starting to bring its best players back but more money needs to be generatedWhilst television income, season tickets and commercial activity are vital, crowd funding could appeal to those who are unable to, both physically and geographically, contribute to their team’s finances. The Welsh Regions could quite legitimately set up a ‘Crowd Fund’ to secure a major marquee player – potentially harnessing support and cash from those living outside of the region or overseas etc. With enough social media activity, particularly via official Supporters Groups, the ‘Crowd Funding’ of a marquee player could genuinely help the regions. It works in many other sectors and rugby is no different. Definitely worth a shot.The ‘Speed-bump’ tackle needs clarificationNot a month goes by without one of rugby’s laws being jammed under the microscope. November saw the ‘speed-bump’ tackle become the latest to dumbfound players, supporters and pundits. By the way, I’ve made-up the name ‘speed-bump’ tackle, but it seems to accurately describe the act of hitting a ball carrier, low, around the ankles, without the use of the arms. What was once an accepted defensive technique, particularly in the narrow channels, is now a penalty and yellow card risk. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Jonah Lomu – the man who changed rugbyNovember saw the passing of the most devastatingly effective player in the history of rugby union – Jonah Lomu. Never has there been, or will there be, another individual to compare with Lomu. It was as if he’d been created by a 13-year-old boy on a computer game, where all of the ‘dials’ were switched to max. If like me, born in 1977, you were used to seeing backs measuring up at 5ft 10ins and 12st, then Lomu changed your perception of rugby. My generation simply accepted that forwards had the power and backs had the pace. But then Jonah arrived.Sorely missed: Jonah Lomu’s passing will leave a big hole in world rugbyHe made forwards look like backs, and backs look like malnourished Victorian street urchins. At 6ft 5inches tall, 18st 5lbs and clocking a 100m time of 10.7 seconds, rugby simply wasn’t prepared for him. It is perhaps strange that Lomu’s most famous victim is Mike Catt. But if you look at Lomu’s highlight reel, Catt is actually one of the fortunate ones. Some defenders, rather embarrassingly, didn’t even have the opportunity to lay a finger on him. His lateral movement, combined with incredible acceleration, Jurassic thighs and calves, and an industrial handoff meant that most players didn’t even get the chance to be flattened. RIP Jonah Lomu.Richie McCaw – the man who rugby changed rugby to his rulesMany athletes attain greatness in sport. But true greatness is achieved when the game starts to accommodate ‘you’. The remarkable Richie McCaw fits into this category. November saw McCaw retire from what is the finest career in rugby union. A period of achievement whose numbers look so unbelievable that it could almost be a FIFA press release. 148 tests, 131 wins and 110 as captain. Ten Bledisloe Cups, Four Tri- Nations Championships, Three Rugby Championships, Three World Player of the Year titles and two Rugby World Cups.Leader of men: Richie McCaw led by example on and off the pitchBut McCaw’s achievements in rugby extend beyond numbers. As with Michael Jordan’s ‘Jordan Rules’, McCaw reached a level where the game changed for him. McCaw’s mastery over his position, sport, team, opposition, media and officials meant that he, as with Jordan, defined his own rule book. In short, Why would you enter through the gate, when you’ve been given the keys to the side door? McCaw is the best forward to play the game. A truly wonderful player.Wasps showing others how it’s doneThere are a few teams in rugby, and their supporters, who can on occasion feel a bit sorry for themselves. Overly dwelling on issues of history, identity, or location can seriously affect the wellbeing of a club. The antithesis of which is Wasps. This is a club which has moved 82 miles, to Coventry, and suffered massive financial problems over the past four seasons. Yet they are now lying top of their Champion Cup group, 5th in the Aviva Premiership table and are playing some of the finest rugby in the Northern Hemisphere.
VTS honors Archbishop Paul Kwong with Dean’s Cross Award Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Pittsburgh, PA Director of Music Morristown, NJ Rector Hopkinsville, KY Rector Shreveport, LA Rector Collierville, TN Submit a Press Release Submit an Event Listing This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Assistant/Associate Rector Morristown, NJ Priest-in-Charge Lebanon, OH Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Archbishop Paul Kwong, center, is the second and current archbishop and primate of Hong Kong Sheng Kung Hui and was elected April 15 to chair the Anglican Consultative Council. Photo: Mary Frances Schjonberg/Episcopal News Service[Virginia Theological Seminary press release] The Very Rev. Ian S. Markham, dean and president of Virginia Theological Seminary (VTS), and the Rev. J. Barney Hawkins IV, vice president of Institutional Advancement at VTS, presented the Most Rev. Paul Kwong the Dean’s Cross for Servant Leadership in Church and Society Award on Nov. 13, during a trip to Hong Kong.As a native of Hong Kong, Kwong’s faith has been built on both Western and Chinese roots, and his education deepened and enriched that dual heritage: he was educated at Lingnan College in Hong Kong, received an M.Div. from the Church Divinity School of the Pacific in 1982, and a Ph.D. from the University of Birmingham, England in 2008. He has also received several Honorary Doctorates and Fellowships from overseas and local Academic Institutions. Kwong has had very rich and diverse pastoral experiences, including planting two new missions after serving as curate for four years at Holy Trinity Church (Cathedral) and as vicar of St. Matthias Church for 10 years. He was chaplain to St. John’s Cathedral with special responsibility for the Mandarin speaking congregation. He served as an assistant to Archbishop Peter Kwong before being appointed as the provincial Secretary General.Hong Kong became a Special Administrative Region (SAR) of the People’s Republic of China in 1997 and a year later the Hong Kong Sheng Kung Hui became the newest autonomous member church of the Anglican Communion. In January 2007, Kwong became bishop of the Diocese of Hong Kong Island, and a few weeks later was elected as the Church’s second archbishop, bringing his pastoral skill and wisdom to the oversight of a network of parishes and missions in three dioceses and one missionary district, more than 140 kindergartens, primary and secondary schools, and a vast network of social service programs.“Virginia Theological Seminary is excited about deepening the connections between the Seminary and this vitally important province in the Anglican Communion,” Markham said. “Archbishop Kwong is a compassionate pastor, a wise administrator, a prophetic voice, and a strong advocate for reconciliation and mutual respect.”Established in 2008, the Dean’s Cross Award recognizes outstanding leaders who embody their baptismal vows to “strive for justice and peace among all people and respect the dignity of every human being.” Selected annually by VTS’ dean in consultation with the chair of the Board of Trustees, the honorees receive a handmade silver cross, modeled after the seminary chapel cross, and a certificate.On Jan. 6, 2017, Kwong will be recognized alongside other distinguished servant leaders during the service of Festival of Lights at Virginia Theological Seminary. Canon for Family Ministry Jackson, MS Priest Associate or Director of Adult Ministries Greenville, SC Family Ministry Coordinator Baton Rouge, LA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Anglican Communion, Assistant/Associate Rector Washington, DC Bishop Diocesan Springfield, IL Posted Nov 16, 2016 New Berrigan Book With Episcopal Roots Cascade Books Submit a Job Listing Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET People Featured Jobs & Calls Press Release Service The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Featured Events Rector Smithfield, NC Director of Administration & Finance Atlanta, GA Associate Rector for Family Ministries Anchorage, AK Rector Belleville, IL Associate Priest for Pastoral Care New York, NY Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Albany, NY Youth Minister Lorton, VA Rector Knoxville, TN Tags Rector Martinsville, VA Curate Diocese of Nebraska Cathedral Dean Boise, ID Rector Bath, NC Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector (FT or PT) Indian River, MI Course Director Jerusalem, Israel Rector and Chaplain Eugene, OR Missioner for Disaster Resilience Sacramento, CA Rector Washington, DC Curate (Associate & Priest-in-Charge) Traverse City, MI Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector/Priest in Charge (PT) Lisbon, ME Associate Rector Columbus, GA Rector Tampa, FL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Assistant/Associate Priest Scottsdale, AZ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis
HBOS Plc today announced 3 Scottish charities would benefit from a £22,500 gift to celebrate St Andrews Day.Downs Syndrome Scotland, Orcadia Creative Learning Centre and Scottish Pre-School Play Association will all receive a special donation of £5,000. Radio Forth’s Help a Child Appeal will receive £7,500. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Scottish charities benefit from St. Andrews day gift Howard Lake | 30 November 2005 | News Advertisement 18 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Giving/Philanthropy
Wheat ZWN21 (JUL 21) 680.75 -3.00 Battle Resistance With the Soy Checkoff ‘Take Action’ Program STAY CONNECTED5,545FansLike3,961FollowersFollow187SubscribersSubscribe Lean Hogs HEM21 (JUN 21) 122.68 0.22 Corn ZCN21 (JUL 21) 684.50 -14.50 By Gary Truitt – Apr 19, 2016 Dark Clouds Ahead for Farm FinancingMost farmers were able to obtain financing for the 2016 crop, but a new report suggest things may be more difficult for the 2017 crop. USDA projects farm income for 2016 to fall for the third straight year. A report by FarmerMac suggests that could put pressure on farm lending in 2017. Curt Covington, Senior Vice President of Ag Finance for FarmerMac, stated “Rural banks just came through one of the toughest renewal periods in the past 10 years and many are anticipating an even tougher renewal period beginning this fall.” The report cited farm assets were down in 2015 and are projected down again for 2016 due to the liquidation of financial assets to meet cash flow needs, lower inventory values carried at lower market prices, and small declines in real estate values. Real estate and non-real estate debt look to be on the rise in 2016, but at a slower pace than during the transition years of 2014 and 2015.FarmerMac Economist Jackson Takach explains that in 2017 all sector of Us agriculture will be feeling the downturn, “In 2014 and 2015, we still had some sectors of the farm economy that were showing profit, but for all sectors of US agriculture 2017 will be a much different year.” The U.S. Department of Agriculture (USDA) projects an overall decrease in acres planted to crops in 2016, largely driven by lower wheat acreage. Acres planted to corn are expected to increase in 2016. Crop prices have declined in recent months due to the large carry-in crop from the 2015 harvest. Stiff competition persists for U.S. dairy producers in foreign markets, and lower market prices are likely to remain throughout the year. Cattle herds continue to rebuild in 2016, putting downward pressure on cattle prices. Reduced profitability for feedlots will likely continue to depress cattle prices throughout 2016. Broiler prices were down in 2015 on higher cold storage inventories, but demand is inching up on the pricing differential between poultry and beef, while it is hopeful that avian influenza concerns ease in overseas markets.Takach holds out hope that a weaker dollar or weather problem someplace in the world will change the prospect for exports and prices in 2017. SHARE All quotes are delayed snapshots Live Cattle LEM21 (JUN 21) 118.70 1.13 Soybean ZSN21 (JUL 21) 1508.50 -35.50 Facebook Twitter How Indiana Crops are Faring Versus Other States Home Indiana Agriculture News Dark Clouds Ahead for Farm Financing Facebook Twitter Minor Changes in June WASDE Report Name Sym Last Change Feeder Cattle GFQ21 (AUG 21) 151.18 2.78 Dark Clouds Ahead for Farm Financing SHARE FarmerMac is a $16 billion organization that provides rural banks support to help farmers. Previous articleHouse Committee Approves Rider Barring GIPSA RuleNext articleIndiana Conditions Ripe for Huge Planting Progress Gary Truitt RELATED ARTICLESMORE FROM AUTHOR