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USDA Sees Higher Farm Income

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Chris ClaytonDTN Ag Policy EditorOMAHA (DTN) — Net farm income is expected to rise 8.1% in 2019, according to the latest projection from USDA, but the increase won’t make up for the 17.8% drop in 2018.USDA released its first farm income forecast for 2019 on Wednesday.In its broadest measure of income, net farm income, USDA projects a $5.2 billion increase to $69.4 billion in inflation-adjusted 2019 dollars. Net farm income is defined as incorporating non-cash items, including changes in inventories, economic depreciation and gross imputed rental income.Net cash farm income, a look at cash receipts and government payments minus expenses, is projected to rise $2.7 billion, or 2.9%. Despite the rise, net cash farm income is still expected to be the second-lowest level since 2009.Both of the major income values are still projected to be below their averages from 2000-2017.Commercial farms, which USDA pegs as having more than $350,000 in sales, will average $131,608 in farm income, a 10.3% bump from 2018.According to USDA’s forecast, crop and livestock receipts are expected to rise a combined $8.6 billion.The bulk of income gains for farmers will come from higher commodity prices, USDA stated. Crop receipts are expected to increase $4 billion, or about 2%. Corn cash receipts are projected to rise $2.5 billion, or 5.2%. Cotton, fruits and nuts, and wheat are also expected to see rising cash receipts. But soybean cash receipts are expected to decline $2.6 billion, or 6.6%, because of both lower prices and lower volumes sold.Livestock receipts are projected to rise $4.6 billion, or 2.6%. Cattle and calf sales are expected to increase $2.6 billion, or 4%, and dairy is expected to see a $2.7 billion increase, or 7.8%. Hog receipts are expected to decline $700 million, or 3.2%, because of lower prices.Government payments are expected to decline $2.3 billion to $11.5 billion. Market Facilitation Program payments are projected at $3.5 billion for 2019 after $5.2 billion in payments in 2018. Payments that are a function of crop prices — the Agricultural Risk Coverage and Price Loss Coverage programs — will drop $1.7 billion in 2019, a 45% decline. Conservation payments are expected to increase 8.6% to $4.3 billion.Expenses will increase $2.2 billion, or just 0.6%, overall. USDA sees lower fuel, rent, pesticide, seed and fertilizer prices for crop farmers, partially because of a decline in crop acreage. Livestock and poultry purchases are also projected to drop in price. Interest costs, feed costs, labor and property taxes or fees are all expected to rise.When adjusted for inflation, farm equity will rise $16.3 billion, or about 0.6%, but overall farm debt is forecast to increase 2.1%, adjusted for inflation, which is led by an increase in real-estate debt.The widely watched overall sector debt-to-asset ratio will increase to 13.86% for 2019 from 13.55% for 2018. The farm sector’s risk for insolvency is the highest since 2009, but not nearly as high as the 1980s or even as high as 2002.USDA’s next farm income forecast is set for Aug. 30.More details about USDA’s farm income forecast can be found at: https://www.ers.usda.gov/…Chris Clayton can be reached at Chris.Clayton@dtn.comFollow him on Twitter @ChrisClaytonDTN(AG/CZ)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more

James Harden’s 45 lead Rockets over Celtics

first_imgCeltics: Visit Memphis on Saturday night.Rockets: Visit New Orleans on Saturday night. Bogdan Bogdanovic’s 3 at buzzer sends Kings past Lakers “He has a mastery of the game and a control and an ease of which he plays,” Houston coach Mike D’Antoni said of Harden. “It’s fun to watch.”Harden has scored at least 30 points in eight straight games, the longest such streak since Russell Westbrook had eight straight 30-point games in November 2016. Harden has scored at least 35 points in six straight games, the longest streak since Carmelo Anthony had six straight in April 2013.“I think what James is doing is really special because he’s really carrying us right now,” Gerald Green said. “Not only is he scoring, he’s leading us.”Kyrie Irving had 23 points and 11 assists, Marcus Morris added 19 points before being ejected midway through the fourth quarter, and Jaylen Brown had 18 points off the bench for Boston, which shot 47 percent but was outrebounded 54-38.“The first 18 minutes and then the last 24 minutes, the glass killed us,” Boston coach Brad Stevens said. “I thought the restricted area generally on both sides of the floor, our finishing and our lack of rebounding were separators.”ADVERTISEMENT MOST READ LATEST STORIES Sports Related Videospowered by AdSparcRead Next Is Luis Manzano planning to propose to Jessy Mendiola? SEA Games: Biñan football stadium stands out in preparedness, completion The Rockets used a 14-4 run to end the third and start the fourth to open up a 103-90 lead on back-to-back 3-pointers by Green with 9 minutes remaining. Boston got no closer than 10 the rest of the way.“We just weren’t covering up for one another consistently enough,” Irving said. “That’s really what it comes down to.”Houston opened up a 41-24 advantage a minute into the second on 3-pointer by Danuel House Jr. Trailing 50-33, Boston used a 22-7 run to end the half, aided by three technical fouls against the Rockets in barely a minute, to cut the lead to 57-55 on Marcus Smart’s 3-pointer. Irving had seven in the run.TIP-INSCeltics: Aron Baynes (broken finger) missed his fourth straight game. … Robert Williams missed the game with a sore left leg. .. Al Horford had 15 points, and Smart scored 11.Rockets: James Ennis missed his eighth straight game with a strained right hamstring, but D’Antoni said he was “close” to returning. … Green and Austin Rivers each scored 10 points.TECHNICAL FOULSWithin a 61-second span of the second quarter, Chris Paul, who is out with a left hamstring strain but was sitting on Houston’s bench, D’Antoni and Capela were all called for technical fouls. Capela’s, which was the last with 2:28 remaining, was called for hanging on the rim following a dunk.Morris was called for a technical foul with 9 minutes left in the third after taking the ball to the other end of the court after being called for a foul. Morris was called for his second technical foul with 4:38 left in the fourth after arguing an offensive foul. Smart was called for a technical foul with 24 seconds remaining.UP NEXT “Of course, I should be in that conversation,” Harden, the reigning MVP, said. “I received a lot of hate, but it won’t stop me from going out there and killing it every single night and being the dog that I am. You can name a few other people that can be in that conversation, but realistically, it’s coming back.”Harden, who was playing on a bruised left calf, had 17 points in the first quarter and finished 11 of 26 from the field, including 9 of 18 on 3-pointers.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chief“You take those shots, you’re confident in those shots and those shots will go in,” Harden said. “Sometimes they might not go in, but mostly, they’ll go in. I just have to keep going, keep working.”Eric Gordon scored 20 points for Houston, which shot 48 percent while improving to a season-high four games above .500. Houston finished 18 of 45 on 3-pointers. BREAKING: Corrections officer shot dead in front of Bilibidcenter_img LOOK: Joyce Pring goes public with engagement to Juancho Triviño PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. TS Kammuri to enter PAR possibly a day after SEA Games opening Hotel management clarifies SEAG footballers’ kikiam breakfast issue Houston Rockets guard James Harden (13) applies defensive pressure against Boston Celtics guard Kyrie Irving during the first half of an NBA basketball game, Thursday, Dec. 27, 2018, in Houston. (AP Photo/Eric Christian Smith)HOUSTON — James Harden thinks he should be in the MVP discussion again this season and showed why on Thursday night.Harden had 45 points and six assists, Clint Capela added 24 points and 18 rebounds, and the Houston Rockets beat the Boston Celtics 127-113 for their eighth win in nine games.ADVERTISEMENT Private companies step in to help SEA Games hosting SEA Games: Biñan football stadium stands out in preparedness, completion View commentslast_img read more

Roadway Robbery attempts in Blue Hills Be Careful

first_img Related Items: #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 2, 2016 – At least two residents posted their own accounts of what happened to them while driving in Blue Hills and Millennium Heights and it points to the boldness of criminals.A man said his vehicle was ambushed by several men, one tried to get into the car but he sped off and that alleged attacker fell to the ground.Another involved a woman, also driving and who told neighbors a tree branch was tossed into the road to force her to stop; she didn’t and it is believed she averted danger in her decision.  Both instances are said to be from this week.Go to MagneticMediaTV.com to see the holiday safety tips shared by the Royal Turks and Caicos Islands Police.center_img Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

On SpaceXs Crew Dragon a star is born A plushie toy of

first_img 0 Space cheese and 9 other weird items we’ve sent into orbit (pictures) Earth will learn a lot during his busy week on @Space_Station – today he kept me company while we checked our suit sizing to account for space growth (I am 2 inches taller than when I launched!), then we did some translation adaptation. pic.twitter.com/A89tJauyQu— Anne McClain (@AstroAnnimal) March 4, 2019 Earth’s second day on @Space_Station started early, but he was happy to learn that even in space, the day starts off with coffee. Then it was emergency mask donning practice with @Astro_DavidS – if there’s an (unlikely) ammonia leak, we have just seconds to protect ourselves. pic.twitter.com/Mmtc6ii3B8— Anne McClain (@AstroAnnimal) March 5, 2019 Yes buddy, that’s your Mother Earth. Isn’t she beautiful? pic.twitter.com/qY6KDbAIwb— Anne McClain (@AstroAnnimal) March 4, 2019 Sci-Tech There’s a long history of astronauts and cosmonauts taking small toys along on launches. When the toy floats, it indicates the spacecraft has reached microgravity. That was little Earth’s job initially, but now it’s getting the full ISS experience thanks to McClain. McClain posed with the Earth toy after entering the Crew Dragon capsule on Sunday after the capsule successfully docked with the station. She then took it aboard the ISS to look at its home planet. “Yes, buddy, that’s your Mother Earth. Isn’t she beautiful?” McClain tweeted. Crew Dragon makes history Musk is following Earth’s escapades in space and retweeted one of McClain’s images. “Buddy is like an Earth Pokémon,” the SpaceX founder wrote.Crew Dragon is spending a total of five days docked at the ISS before returning to Earth for a planned landing in the Atlantic Ocean. The Demo-1 mission marks a milestone for NASA’s Commercial Crew Program. If the capsule passes this trial, then NASA and SpaceX hope to launch astronauts on Crew Dragon as soon as midyear. The endearing toy comes from Celestial Buddies, which makes plush planets. The company was taken by surprise when the toy went to space, saying, “a sudden flurry of orders for Earth in the 48 hours prior to liftoff had made us wonder if something was afoot.” The little Earths are now on back order. Celestial Buddies expects a new batch to arrive at the end of April.   Super high tech zero-g indicator added just before launch! pic.twitter.com/CRO26plaXq— Elon Musk (@elonmusk) March 2, 2019center_img 10 Photos Enlarge ImageNASA astronaut Anne McClain hangs out with the little Earth plushie. NASA NASA astronaut Anne McClain on the International Space Station has adopted a plushie anthropomorphic Earth toy as the newest member of the crew. The little planet is now a social media star.Little Earth rode along on the history-making SpaceX Crew Dragon Demo-1 mission over the weekend. SpaceX founder Elon Musk tweeted photos of the stuffed toy on March 1, calling it a “super high tech zero-g indicator.” Post a comment Share your voice Elon Musk NASA Space SpaceX The adventures continued as Earth hung out with the astronaut while she checked her spacesuit sizing. McClain is now two inches taller than when she first arrived at the ISS, a common phenomenon for astronauts when away from Earth’s gravity.  NASA astronaut snaps dazzling Crew Dragon photo from ISS SpaceX Crew Dragon achieves landmark docking with space station Tags Earth’s tour of the space station continued with some morning coffee in a bag. It then got to try on an emergency mask along with Canadian Space Agency astronaut David Saint-Jacques. The mask practice is in case of an ammonia leak, which would give the crew mere seconds to don the masks to protect themselves.last_img read more

PVR on an expansion spree eyes 1000 screens

first_imgMultiple chain operator PVR is all set to take its screen count to 500 this financial year from the current 477, and eventually reach 1,000, apparently buoyed by the ever-increasing number of films being released.The company, whose 477 screens are spread across 44 cities, had seen a fourfold jump in its second-quarter net profit at Rs 41.05 crore, up from Rs 9.20 crore in the corresponding period last year. Revenues had gone up from Rs 398.92 crore in the September 2014 quarter to Rs 474.60 crore in the second quarter of 2015-16.Its current chain of screens consists of four brands — PVR Talkies, PVR Cinemas, PVR Premium and the newly-launched PVR Icon.The expansion will mainly be in the PVR Cinemas and PVR Premium categories.”Our target is to reach 1,000 screens quickly. The shorter target is to get to 500 screens in this financial year and then look at going to 1,000 screens,” PVR Cinemas Chief Executive Officer Gautam Dutta told PTI.The company will embark on both bringing up new screens and renovation of the existing ones.PVR has an occupancy rate of about 35-37%, with a reported footfall of 6.6 crore. In terms of revenue split, food and beverages contribute 25%, while advertising accounts for about 12%, with the rest coming from ticket sales, of which online sales contribute 35%, according to brokerage Angel Broking.With movie buffs thronging cinema halls to watch their favourite films such as “Tamasha”, “Spectre”, “Prem Ratan Dhan Payo”, multiplexes are apparently bullish on growth prospects. The PVR stock closed at Rs 843.35, down 0.02%, on Monday on the BSE.last_img read more