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DS News Webcast: Tuesday 9/23/2014

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago September 23, 2014 554 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Jordan Funderburk Related Articles The Best Markets For Residential Property Investors 2 days ago Home / Featured / DS News Webcast: Tuesday 9/23/2014center_img Representatives from the U.S. Department of Housing and Urban Development and Ginnie Mae convened at the second annual Ginnie Mae Summit on Monday to discuss initiatives and programs designed to create a healthy housing market. HUD secretary Julián Castro delivered the keynote address, and Ginnie Mae president Ted Tozer announced his organization’s planned initiatives to meet the needs of a housing finance industry that is constantly evolving and a mortgage market that is ever-changing.Tozer’s announcements indicate that Ginnie Mae is changing its policies and procedures as part of an ongoing effort to adapt to changes in the housing industry, preserve the integrity of its mortgage-backed securities program, reduce risk, and better manage resources. Tozer told the audience at the summit that “the retreat of traditional depository banks from mortgage lending and servicing is transforming the housing industry.”In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program, the Federal Housing Finance Agency is holding its third HARP outreach event on October 2 in Detroit. The purpose of the event will be to educate eligible homeowners on the benefits of refinancing through HARP and provide community leaders with resources to reach those eligible. The government estimates that nearly 28,000 homeowners in the Detroit area could reduce their mortgage payments by as much as $1,800 a year as a result of a HARP refinance. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2014-09-23 Jordan Funderburk The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Bank of America Continues Fight to Overturn ‘Hustle’ Case Verdict Next: A2Z Makes Inc. 5000 List of Fastest Growing Companies Is Rise in Forbearance Volume Cause for Concern? 2 days ago in Featured, Media, Webcasts Subscribe DS News Webcast: Tuesday 9/23/2014last_img read more

 

Cyber Security Prioritized under Paraguayan Presidency of Inter-American Committee against Terrorism

first_imgBy Dialogo May 06, 2015 The report also encourages governments to talk to each other about cyber security issues in and in certain cases to do so confidentially, which will allow the governments to share experiences and solutions. In it, the Executive Secretary of CICTE, Neil Klopfenstein, stated that “the governments of Latin American countries and countries around the world must recognize the serious vulnerabilities in their critical infrastructure and the grave consequences those could have if they are not properly protected.” More than 500 people from the public and private sectors, including leaders in information security and communications, attended the conference, which included panels and discussions on topics such as the protection of critical infrastructure; information security management systems; cyber security campaigns, and secure implementation of WiFi networks. Under Paraguay’s leadership, the agency is placing a greater emphasis on regional cyber security. CI was created in 1999 and ratified in June 2002 in an effort to prevent, combat and eliminate terrorism, including cyber terrorism; to that end, member meet once a year to discuss their future plans. Frequent cyber attacks have focused those meetings on cyber security in recent years. “CICTE has played an essential role in contributing to the creation of a culture and awareness about cyber security that encourages Latin American countries to work together both inside and outside the government,” said Francisco Denis Pereira, a security analyst at the Institute of Latin American Studies at the University of São Paulo, Brazil. “CICTE has made it possible for joint actions to continue their quick expansion throughout this hemisphere, because the OAS takes this subject very seriously.” Member States of the Organization of American States (OAS) have elected the Republic of Paraguay to the presidency of the Inter-American Committee against Terrorism (CICTE) for the 2015-2016 term. Elisa Ruiz Díaz Bariero, Paraguay’s Ambassador and Permanent Representative to the OAS, thanked all the delegates for their votes during a speech at the 15th Committee session in Washington, D.C. Overall, 44 percent of government institutions and critical industries — such as communications, finance, manufacturing and the energy sector — have faced cyber attacks, according to the “Report on Cyber Security and Critical Infrastructure in the Americas,” published in 2015 by the OAS in collaboration with Trend Micro, a global security software company. Forty percent of government institutions and critical industries have experienced attempts to shut down their system. The report includes practical cases from specific countries and a complete analysis of cyber attacks and the methods that were used. It provides a detailed explanation of the protective measures taken by government authorities and officials in critical private industries. The report also encourages governments to talk to each other about cyber security issues in and in certain cases to do so confidentially, which will allow the governments to share experiences and solutions. In it, the Executive Secretary of CICTE, Neil Klopfenstein, stated that “the governments of Latin American countries and countries around the world must recognize the serious vulnerabilities in their critical infrastructure and the grave consequences those could have if they are not properly protected.” Encouraging cooperation The Paraguayan Cyber Incident Response Center (CERT-PY) helps Paraguayan authorities engage in cooperation in the fight against cyber attacks. For example, through continual security bulletins, reports, and publications, CERT-PY promotes awareness campaigns on the variety of problems that can affect government agencies, businesses, and individuals. Paraguayan authorities created the center in 2012 to serve as a central coordination office to handle various security incidents that affect the country’s computer systems. It sends alerts about problems and works in coordination with the different government and private agencies, operating 24 hours a day and seven days a week. The report includes practical cases from specific countries and a complete analysis of cyber attacks and the methods that were used. It provides a detailed explanation of the protective measures taken by government authorities and officials in critical private industries. Cooperation between the public and private sector is also an important component of this effort. For example, during the third session of the Ibero-American Information Security Congress and Fair – SEGURINFO 2015 – held in March in Asunción, Paraguay, attendees from the public and private sectors formed a working group to develop a national cyber security plan to be launched throughout the country in 2015. The around-the-clock operation of CERT-PY reflects Paraguay’s commitment to cyber security. “CICTE has played an essential role in contributing to the creation of a culture and awareness about cyber security that encourages Latin American countries to work together both inside and outside the government,” said Francisco Denis Pereira, a security analyst at the Institute of Latin American Studies at the University of São Paulo, Brazil. “CICTE has made it possible for joint actions to continue their quick expansion throughout this hemisphere, because the OAS takes this subject very seriously.” Encouraging cooperation Cyber attacks are a regional concern “This mandate entrusted to us is a great honor and commitment for our country’s government. We will strive to make CICTE’s goals a reality.” Under Paraguay’s leadership, the agency is placing a greater emphasis on regional cyber security. CI was created in 1999 and ratified in June 2002 in an effort to prevent, combat and eliminate terrorism, including cyber terrorism; to that end, member meet once a year to discuss their future plans. Frequent cyber attacks have focused those meetings on cyber security in recent years. The around-the-clock operation of CERT-PY reflects Paraguay’s commitment to cyber security. Overall, 44 percent of government institutions and critical industries — such as communications, finance, manufacturing and the energy sector — have faced cyber attacks, according to the “Report on Cyber Security and Critical Infrastructure in the Americas,” published in 2015 by the OAS in collaboration with Trend Micro, a global security software company. Forty percent of government institutions and critical industries have experienced attempts to shut down their system. Member States of the Organization of American States (OAS) have elected the Republic of Paraguay to the presidency of the Inter-American Committee against Terrorism (CICTE) for the 2015-2016 term. Elisa Ruiz Díaz Bariero, Paraguay’s Ambassador and Permanent Representative to the OAS, thanked all the delegates for their votes during a speech at the 15th Committee session in Washington, D.C. The Paraguayan Cyber Incident Response Center (CERT-PY) helps Paraguayan authorities engage in cooperation in the fight against cyber attacks. For example, through continual security bulletins, reports, and publications, CERT-PY promotes awareness campaigns on the variety of problems that can affect government agencies, businesses, and individuals. Paraguayan authorities created the center in 2012 to serve as a central coordination office to handle various security incidents that affect the country’s computer systems. It sends alerts about problems and works in coordination with the different government and private agencies, operating 24 hours a day and seven days a week. Cyber attacks are a regional concern During SEGURINFO 2015, David Ocampos, Paraguay’s Minister of Information Technology and Communication, emphasized in his announcement that “it is necessary to have the capability and organization to prevent and block any incident or cyber threat.” Cooperation between the public and private sector is also an important component of this effort. For example, during the third session of the Ibero-American Information Security Congress and Fair – SEGURINFO 2015 – held in March in Asunción, Paraguay, attendees from the public and private sectors formed a working group to develop a national cyber security plan to be launched throughout the country in 2015. Paraguay developing a national cyber security plan During SEGURINFO 2015, David Ocampos, Paraguay’s Minister of Information Technology and Communication, emphasized in his announcement that “it is necessary to have the capability and organization to prevent and block any incident or cyber threat.” More than 500 people from the public and private sectors, including leaders in information security and communications, attended the conference, which included panels and discussions on topics such as the protection of critical infrastructure; information security management systems; cyber security campaigns, and secure implementation of WiFi networks. “This mandate entrusted to us is a great honor and commitment for our country’s government. We will strive to make CICTE’s goals a reality.” Paraguay developing a national cyber security plan last_img read more

 

Official Notice: Proposed changes to appellate rules

first_img May 15, 2002 Regular News The Florida Supreme Court is considering adopting new Florida Rule of Appellate Procedure 9.142, Petition Seeking Review of Nonfinal Orders in Capital Postconviction Proceedings. The court proposes the new rule, on its own motion, in response to its decision in Trepal v. State, 754 So. 2d 702 (Fla. 2000). The court invites all interested persons to comment on the proposed rule, which is reproduced in full below, as well as online at www.flcourts.org/sct/sctdocs/proposed.html. An original and seven copies of all comments must be filed with the court on or before June 14, with a separate request for oral argument if the person filing the comment wishes to participate in oral argument which may be scheduled in this case. IN THE SUPREME COURT OF FLORIDA AMENDMENT TO FLORIDA RULE OF APPELLATE PROCEDURE (RULE 9.142), CASE NO. SC02-770 Rule 9.142 Petition Seeking Review of Nonfinal Orders in Capital Postconviction Proceedings. (a) Applicability. This rule applies to proceedings that invoke the jurisdiction of the Supreme Court for review of nonfinal orders issued in postconviction proceedings following imposition of the death penalty. (b) Treatment as Original Proceedings. Review proceedings under this rule shall be treated as original proceedings under rule 9.100 unless modified by this rule. (c) Commencement; Parties (1) Jurisdiction of the Supreme Court shall be invoked by filing a petition with the clerk of the Supreme Court within 30 days of rendition of the nonfinal order to be reviewed. A copy of the petition shall be served on the opposing party and furnished to the judge who issued the order to be reviewed.(2) Either party to the capital postconviction proceedings may seek review under this rule. (d) Contents. The petition shall be in the form prescribed by rule 9.100, and shall contain (1) the basis for invoking the jurisdiction of the court;(2) the date and the nature of the order sought to be reviewed;(3) the name of the lower tribunal rendering the order;(4) the name, disposition, and dates of all previous trial, appellate, and postconviction proceedings relating to the conviction and death sentence that are the subject of the proceedings in which the order sought to be reviewed was entered; and(5) the facts on which the petitioner relies, with references to the appropriate pages of the supporting appendix;(6) argument in support of the petition, including an explanation of why the order departs from the essential requirements of law and how the order may cause irreparable injury for which there is no adequate remedy on appeal, and appropriate citations of authority; and(7) the nature of the relief sought.The petition shall be accompanied by an appendix, as prescribed by rule 9.220, which shall contain the portions of the record necessary for a determination of the issues presented. (e) Order to Show Cause. If the petition demonstrates a preliminary basis for relief and a departure from the essential requirements of law that may cause irreparable injury for which there is no adequate remedy by appeal, the court may issue an order directing the respondent to show cause, within the time set by the court, why relief should not be granted. (f) Response. Unless ordered by the court, no response shall be required. (g) Stay. (1) A stay of proceedings under this rule is not automatic; the party seeking a stay must petition the Supreme Court for a stay of proceedings.(2) During the pendency of a review of a nonfinal order, unless a stay is granted by the Supreme Court, the lower tribunal may proceed with all matters except that the lower tribunal may not render a final order disposing of the cause pending the review of the nonfinal order. (h) Other pleadings. The parties shall not file any other pleadings, motions, replies, or miscellaneous papers without leave of court. (i) Time Limitations. Seeking review under this rule shall not extend the time limitations in rule 3.851 or 3.852. Proposed changes to appellate rulescenter_img Official Notice: Proposed changes to appellate ruleslast_img read more

 

Cranes raring to go versus Tanzania

first_img 2017Group Stage13th301213 TotalRunners-Up6/311932141834  1968Group Stage8th300328  1963Withdrew The Uganda Cranes have already qualified for AFCON 2019.   (Standing left to right) D. Iguma, K. Aucho , M. Juuko, M. Waiswa ,H . Wasswa , D. Onyango (c) . Front L-R P. Kaddu, N. Wadada, F. Miya , G. Walusimbi , I. Muleme PHOTO FUFA MEDIATODAY: Tanzania vs Uganda 6pm, DarDar Es Salaam, Tanzania | THE INDEPENDENT | Uganda Cranes Coach-Sebastien Desabre and his captain Denis Onyango want to keep their winning momentum ahead of the African Cup of Nations. This is not good news for hosts Tanzania’s Taifa Stars that need a win to stand a chance of joining Uganda at the Egypt 2019 finals.“We have prepared for the game against Tanzania like any other competitive game. Our aim is to finish on a high note and keep focused on the development of our team for June because we have already qualified to Egypt,” Desabre said after his tream arrived in Tanzania on Saturday afternoon from Egypt where they had camped for a week ahead of the last Total AFCON 2019 qualifier.Captain and goalkeeper Onyango also stressed that they are in Dar for all three points, and aim to make it to the finals minus conceding a single goal in six qualifying games.“It is a derby hence the importance and euphoria around it for both teams. We have to dominate the region and one of the ways is to win the game against Tanzania. As much as they want to win, we also want to win it and that makes it more interesting. We are also preparing for AFCON and this game will serve as one of the buildups,” he said.Tanzania, seeking a return to the Cup of Nations after 39 years, have to beat Uganda, who have not conceded a goal in five matches,  on the final qualifying day in March,  to have a realistic chance.All qualifiers are guaranteed at least $475,000 (415,000 euros) prize money.Full Uganda Cranes squadGoalkeepers: Denis Onyango (Mamelodi Sundowns, South Africa), Salim Magoola (Al Hilal, South), Robert Odongkara (Adama City, Ethiopia)Defenders: Murushid Jjuuko (Simba, Tanzania), Timothy Awany (KCCA, Uganda), Halid Lwaliwa (Vipers, Uganda), Godfrey Walusimbi (Unattached), Joseph Ochaya (TP Mazembe, DR Congo), Kirizestom Ntambi (Ethiopian Coffee), Nico Wakiro Wadada (Azam, Tanzania)Midfielders: Khalid Aucho (Churchhill brothers, India), Hassan Wasswa Mawanda (Unattached), Tadeo Lwanga (Vipers, Uganda), Ibrahim Sadam Juma (KCCA, Uganda), Moses Waiswa (Vipers, Uganda), Moses Opondo (Vendsyssel FF, Denmark)Forwards: Faruku Miya (Gorica, Croatia), Emmanuel Arnold Okwi (Simba, Tanzania), Allan Kyambadde (KCCA, Uganda), Allan Okello (KCCA,Uganda), Edrisa Lubega (SV Ried, Austria), Muhammad Shaban (Raja Casablanca, Morocco), Henry Patrick Kaddu (KCCA, Uganda), Milton Karisa (MC Oujda, Morocco)  1957 to 1959Did not enter  2019 to 2023To be determined  1984 to 1988Did not qualify  1970 to 1972Did not qualify  1980 to 1982Withdrew  1990Withdrew  1978Runners-Up2nd530297 StandingsUganda 5 4 1 0 7 0 13 – qualifiedLesotho 5 1 2 2 3 7 5Tanzania 5 1 2 2 3 5 5C. Verde 5 1 1 3 4 5 4FixturesMar 24: C. Verde v Lesotho, Tanzania v Uganda*****Uganda’s Africa Cup of Nations record  1962Fourth Place4th200215  1976Group Stage8th300326  1992 to 2015Did not qualify  1974Group Stage6th301235  1965Did not qualify *****SOURCE: FUFA MEDIA & WIKIPEDIA Host nation(s) / YearRoundPositionGPWD*LGSGA Share on: WhatsApplast_img read more

 

SUV Crashes Into Former VNA Building

first_imgBy John Burton |RED BANK — A mid-morning crash of an SUV into the former Red Bank home of Visiting Nurse Association Health Group was continuing to snarl traffic into the early afternoon.A late model beige Chevrolet Tahoe, according to Red Bank police, traveling north on Riverside Avenue, ran into 176 Riverside Ave., a two-story structure located just south of the Route 35 traffic-signaled intersection. The crash occurred at approximately 10:20 a.m., according to police.The vehicle crashed through a window area, with the vehicle’s front portion became lodged inside the structure.According to Police Chief Darren McConnell, the SUV was being driven by an approximately 50-year-old male, accompanied by a female front-seat passenger in her 70s. The vehicle was registered to a Holmdel address. McConnell did not have their identities available.The two were transported to Riverview Medical Center to be treated for head and neck injuries that McConnell labeled “non-life threatening.”“It appears he just lost control of the vehicle,” McConnell said of the driver.The car accident attracted an unusual amount of media attention, with NJ State Police and Univision helicopters hovering overhead, and news crews from News12, CBS, NBC and other news outlets on the scene.The Middletown Emergency Services’ Special Services provided assistance and was bracing the building front facade to allow for the SUV to be removed, according to Red Bank Fire Marshal Stanley Sickels.That portion of the building was unoccupied at the time of the crash, Sickels said.The extent of the building’s damage was unknown at this point, he added.Emergency vehicles parked out front of the location, resulting in blocking one northbound traffic lane, backing up traffic on the heavily traveled Riverside Avenue.The location had been home to the Visiting Nurse Association until the organization relocated to Holmdel earlier this year.last_img read more

 

MSK Making Strides in Cancer Treatments

first_imgBy Gretchen C. Van Benthuysen |There is a lot happening in the world of ovarian cancer that is helping doctors to better understand the disease and how to manage it.Advancements in diagnosis and treatment are joining a holistic approach, relationship-based, care model for patients and families at the Memorial Sloan Kettering (Cancer Center) Monmouth at 480 Red Hill Road in Middletown.Called the “silent killer,” as cancer symptoms rarely surface in the early stages, patients and doctors also may misinterpret pain in the abdomen or an irritable bowel as gastrointestinal problems.The American Cancer Society (ACS) estimates for ovarian cancer in the United States for 2018 are: about 22,240 women will receive a new diagnosis and about 14,070 women will die from it.But the rate at which women are diagnosed with ovarian cancer, which mainly develops in older women (about half are 63 or older), has been slowly falling during the past 20 years, according to the ACS.Jason A. Konner, M.D., chief of medical oncology at MSK Monmouth, and Elizabeth Jewell, M.D., director of surgery for both MSK Monmouth and MSK Basking Ridge and director of MSK Monmouth operating rooms, recently discussed advancements in their fields, particularly the emergence of immunotherapy and its importance in cancer treatment.Jason A. Konner, M.D., is chief of medical oncology at Memorial Sloan Kettering Cancer Center at MSK Monmouth. Photo by Karsten Moran for MSKCCKonner, Little Silver, treats cervical, uterine (endometrial) and ovarian cancers. Jewell, Fair Haven, is a gynecologic oncologist specializing in caring for women with cancers of the ovary, uterus, cervix and vulva. Both see patients locally and commute each week to Manhattan for meetings and patients.One thing research and clinical trials have discovered is that 70 percent of ovarian cancers start in the fallopian tubes with the cancer cells traveling to the ovaries, Konner said.“The more we understand, the bigger the impact on treatment,” he explained. “So now we can remove only the fallopian tubes and leave the ovaries to avoid early menopause.”But what if the cancer has spread to the ovaries?“Immunotherapy has blossomed in the last 10 years and become a component in standard care for a variety of cancers, ovarian as well as melanoma and lung cancers,” he explained.Konner was given a diagnosis of stage II melanoma the day after he graduated from college.  Being able to tell patients he is a cancer survivor, he said, helps them hear the news and be positive.Immunotherapy works in different ways: some boosts the body’s immune system, others stimulate the immune system to work harder or smarter to attack cancer cells.“Immunotherapy trials have shown varying degrees of activity in ovarian, endometrial, and cervix cancers,” Konner said. “A key attribute of cancer cells in the body is they can hide in plain sight.“Cells may have proteins on their surface that suppresses the immune response to cancer,” he said. “Now that we understand the biology of these processes, targeted drugs have been designed that can unmask some of these cancer cells for the immune system to fight.”“There can be side effects when the immune system attacks normal cells,” he added. “It’s a balance we have in all treatments: risk vs. benefit. In most patients the risk is low, lower than chemotherapy, which can weaken the immune system.”The Holy Grail, Konner said, is to identify mutations in the fallopian tubes before cancer cells deliver toxic fluids to the ovaries and cause cancer.He said women with a family history of ovarian cancer should get tested for the BRCA1 and BRCA2 breast cancer genes. Mutated forms of these genes are believed to be responsible for about half of the cases of inherited breast cancer, especially those that occur in younger women.“It will help women make practical decisions about prevention,” he said.Doctors can predict the average outcome of a large group of women, but it’s impossible to predict one woman’s future.Removing the ovaries early will result in a lack of estrogen and early menopause possibly leading to such problems as osteoporosis and cardiovascular disease. The ovaries can be removed later at an older age.If surgery is needed, Jewell said advances have been made that prioritize the quality of life and preserve fertility.For example, she said, a woman with uterine or cervical cancer would routinely have all the lymph nodes in her pelvis removed. (Lymph nodes are located in groups, and each group drains a specific area of your body.)“We don’t do that now,” she explained. “Instead, I use a fluorescent dye to find the most important, the sentinel lymph nodes, and target just the few most likely to contain cancer.“Such more conservative operations reduce complications and long-term problems, such as lymphedema of the legs (fluid buildup).”Also, she said, women with aggressive early stage cervical cancer previously would have their entire uterus and cervix removed. Now a trachelectomy to remove just the cervix, but save the uterus, may be performed on younger women who desire children.“We do a lot each year,” Jewell said. “ More than 100 babies have been born in the last decade by women who had cervical cancer.”Another way MSK manages ovarian cancer, which can spread to the intestines, diaphragm, pancreas and pelvic areas, is to remove as much as possible to improve survival rates.“If you can get all the cancer out, chemotherapy doesn’t have to work as hard and there is less resistance to drugs,” she explained. “If you are starting with a smaller amount of cancer, you have a better outcome.”These radical surgeries that include complete removal of disease in the upper abdomen and the pelvis have resulted in years of improvement of survival. Few drugs have demonstrated such a dramatic impact on survival.In early uterine and early cervical cancer, we now can be less aggressive,” Jewell said. “We used to do radical removal of the lymph nodes. We are doing less radical surgeries now. We focus on survival and that includes quality of life.“We are constantly improving techniques,” Jewell said. “For instance, in clinical trials we heated the chemo. We wanted to know if the absorption was better so it  killed more cancer cells.”This article was first published in the Feb. 1-8, 2018 print edition of The Two River Times.last_img read more

 

Bombers forced to take longer road to gain a provincial fieldhockey berth

first_imgThe L.V. Rogers Bombers travel to Kelowna Tuesday to face Fraser Valley No. 3 in a B.C. High School Girl’s Fieldhockey Wildcard Game to determine the final berth in the provincial tournament.LVR was forced to take the longer route to the provincials after the Rossland Royals scored the only goal of the game in a 1-0 victory during the West Kootenay Fieldhockey Final Thursday at Pass Creek Park in Robson.The game was close throughout with the most of the contest being played in the midfield.However, the Royals dominated penalty corners, which led to the lone goal. Tuesday game is at 1 p.m. in Kelowna.The B.C. High School AA Girl’s Fieldhockey Championships are scheduled for November 7-9 in Burnaby.last_img read more

 

Leafs, Bruins battle to 5-5 overtime tie

first_imgNo team in the Murdoch Division wants to face high-flying Beaver Valley in the first round of the Kootenay International Junior Hockey League playoffs — especially a Nelson Leafs franchise which has been sent to the golf course by the Nitehawks the past four seasons.The Leafs and the Grand Forks Border Bruins kept their respective hopes alive of not finishing in the dreaded Murdoch Division fourth place by skating to a 5-5-overtime tie Sunday afternoon at the NDCC Arena.last_img

 

Keeping tabs on working capital

first_imgShare Facebook Twitter Google + LinkedIn Pinterest As balance sheets are an increasing area of concern on many farms with crop prices dipping below levels of profitability, it is important for farmers to consider the working capital of the operation.“Working capital should function as a cushion for times of adversity. Having that working capital position should give you the knowledge, freedom and flexibility to make critical decisions in the operation while at the same time minimizing risk to the future of the operation as well,” said Evan Hahn, VP of Credit for Farm Credit Mid-America. “Working capital has a very simple definition. It is simply current assets minus current liabilities. It is often over simplified as cash on hand for an operation. Working capital accounts for much more than just money on the bank. When working through your assets take stock of not only the cash in your hand, but also savings, outstanding checks for accounts receivable for inventory that may have been sold, any feed or livestock inventories that you have, and any other current investment that can be quickly converted to cash.”A true understanding of a farm’s working capital position can take some time to calculate, but is worth the effort, Hahn said.“The ins and outs of calculating working capital are more complicated than a simple arithmetic problem. Because farming is a complex business, sometimes it is easy to miss a liability or an asset when you are trying to get a handle on your current financial position,” Hahn said. “One common mistake we see is not accounting for accrued interest on term debts. Depending on the size of the loan or the payment frequency accrued interest on a payment can be pretty substantial. And not including that can overstate or understate your working capital position. Go through all of the operation’s assets and liabilities and take a good hard look at the balance sheet.”With a proper understanding of the farm’s working capital, better decisions can be made.“Having a good understanding of your working capital position gives you that knowledge of what you can do with the farm operation that year,” he said. “You can make operating decisions quickly so you can take advantage of purchase discounts, cash rents, or down payments on capital assets. It just gives you freedom and flexibility to operate efficiently as you manage your farm.”Here is more from Farm Credit Mid-America’s Hahn on the importance of working capital.Farm Credit Mid America Financially Speaking Evan Hahn 7.11.16last_img read more

 

Berry Field Night May 25

first_imgShare Facebook Twitter Google + LinkedIn Pinterest If you’re seeking more berries from your strawberry plants or want to know how to start growing them, an upcoming field night could be where your questions are answered.Those who attend the May 25 workshop at the Ohio State University South Centers in Piketon, can step into a greenhouse and see how strawberry plants stacked atop each other grow year-round. Perhaps even more unusual, a robot will demonstrate how it can eliminate the back-straining work of picking berries.Because taste is what sells a strawberry, field night attendees can participate in a blind taste test of 18 varieties of strawberries, including some grown in California and Florida.“We wanted to throw those in along with the 15 varieties we picked from our field just to see if they can tell the difference between store-bought berries and good old freshly-picked berries,” said Brad Bergefurd, horticulture specialist with Ohio State University Extension. Both OSU Extension and the South Centers are part of The Ohio State University’s College of Food, Agricultural, and Environmental Sciences.Since 1999, Bergefurd has researched strawberry production, and his current study, which is funded through a U.S. Department of Agriculture grant, examines ways to extend the strawberry growing season in Ohio, where plants are typically harvested in June. Using various methods, Bergefurd has determined ways to stretch Ohio’s strawberry growing season from April through the end of November outside or in a greenhouse.Bergefurd, who is leading the workshop, will share his knowledge on production technologies that can significantly increase yields.For example, strawberries can grow outdoors during winter on a bed of plastic. The method involves planting strawberries in September and growing them over the winter using plastic to keep the soil warm and keep the weeds down. The method leads to larger, sweeter berries during an earlier harvest period.The strawberry field night will be at the OSU South Centers Auditorium,1864 Shyville Road in Piketon, and will start at 5:30 p.m., with a light supper. Registration is $25 per person or $40 per family/farm, up to three people. To register, contact Charissa Gardner at [email protected] or at 740-289-2071 ext. 132. The registration deadline is May 23.last_img read more