In Your Neighbourhood

first_img Veteran club Caribbean Classic warmed up for the semi-final of the Jamaica Domino Council Association (JDCA) League with a comprehensive 300-247 win over Exceptional International last Sunday. It was Classic’s ninth win of the season. Caribbean Classic will clash tomorrow with arch-rivals, Spit Fyah – a team formed a couple of seasons ago – at Caymanas Park Limited. Spit Fyah will come out firing, but Classic have the ammunition to nullify any attack from their opponents. Spit Fyah also warmed up for the clash by beating Spring Village 300-281 in their matchup. In other games, Eradication cut down Small Axe 300-259; Ten To Ten outlasted Highlight Strikers 300-298 in a countdown; Memory Lane stopped Naggo Head 300-283; Giants surprised Waterhouse United 300-291; Right Stuff beat Tamarind Tree 300-261; and Feluchie stopped Sour Sop Tree 300-261. The JDCA had this to say: “We are appealing to all domino enthusiasts, players, spectators and supporters to come out and support this thrilling encounter as we strive to bring the sport of domino to a higher level.” Passagefort on a roll Defending champions Passagefort United reeled off their seventh consecutive win as they turned back the challenge of a spirited Westmeade Rising Stars 250-242 in the latest round of the South East St Catherine Constituency Domino League – sponsored by Member of Parliament Colin Fagan, in Westmeade last Sunday. The win left Passagefort cruising at the top with maximum 28 points, 10 clear of Waterford (18), which beat Garveymeade 250-226; and Ken’s Wildflower (18), which defeated Cumberland 250-242. Garveymeade (17 points) have dropped to fourth place, while Cumberland lie fifth with 17 points, Westmeade sixth with 11 points and Portsmouth, in last position on two points. The competition takes a break tomorrow and returns on Sunday, September 27. INSPORTS Portmore Primary football, netball in October Schools in Portmore are gearing up for the 2015 season of the Institute of Sports (INSPORTS) Portmore Primary football and netball leagues. The deadline for entries to be submitted for both competitions is September 30. The football League will commence on Thursday, October 8, at the Portsmouth Primary football field, with an opening ceremony and two matches. Defending champions Portsmouth will play Independence City at 10 a.m. and Waterford take on Bridgeport Primary at 12 p.m. Chubby will sponsor the League, to the tune of $100,000 and also donate products. The Netball League will commence at Kensington Primary School at 10 a.m., with an opening ceremony and two matches. Host school, Kensington Primary, will play Belmont Park at 10 a.m., while defending champions Portsmouth will tackle Waterford at noon. Member of Parliament for East Central St Catherine, Arnaldo Brown, will cover the expenses for the preliminary round of the league. Portsmouth Primary football rally Portsmouth Primary School, in association with the Institute of Sports, once again stage their one-day football rally on Friday, October 2, on the school grounds. Registration is at 9 a.m. and matches are slated to begin at 9:30 a.m. Entry fee is $3,000 and must be paid by Thursday, October 1. The main aim of the competition is to promote and develop football within the schools and build the confidence of young players while providing the experience needed for upcoming competitions. The competition is open to both primary and preparatory schools in Jamaica. The event was last contested in 2013, where McAuley Primary from Spanish Town won. They defeated the host school 3-2. JBA to host all-Island ‘Baseball Roll-out’ The Jamaica Baseball Association (JBA), headed by President Uel Gordon, will be embarking on an all-island project to spread the game of baseball through the length and breadth of Jamaica, through an initiative called ‘Baseball Roll-out’. Errol Matthias, the coordinator of the project, said this initiative will commence in Portmore on Saturday, October 17, at 10 a.m., tentatively set for the Urban Development Corporation playing field, which is located across from the Portmore Mall. There about 230 children – aged nine-12 – from primary and preparatory schools will be taught the dynamics of the game. The theme for the project is ‘pitch it, hit it, field it, catch it’. On a broader scale, the JBA will target players from nine years to 19 years in primary, prep, junior high and high schools across the island. BH football finals at Barbican today The divisional finals of the KSAFA/Western Sports Business House competition will be played at Barbican today, with KO champions Petrojam taking on the unbeaten GraceKennedy, starting at 3 p.m., and the unbeaten Peak Bottling vs Sagicor at 1 p.m. Last Saturday, the Lenworth Hyde-coached Petrojam clipped defending champions Metrodade 1-0 in the semi-final, courtesy of a late goal from captain Jothan Watson, to advance. Grace Kennedy defeated Scotiabank 2-0 in the other semi-final, with goals from Karat HoSang and Michael Spence in the 54th and 89th minutes, respectively. In division two semi-finals, Peak Bottling beat NCB 3-2 on penalty kicks after both played to a 4-4 tie in regulation and extra time, while Sagicor clipped ATL 2-1 in the other semi-final. Classic warm up for midseasonlast_img read more

Gunmen escape with empty bag in attempted NA robbery

first_imgPolice are on the hunt for two gunmen who attempted to rob a grocery store in New Amsterdam, Berbice and who broke into a car and escaped with a bag.Bob and Sons grocery StoreThe car window that was smashedA bullet hole on the buildingThe attempted robbery occurred at approximately 19:30h at the Bob and Sons Variety Store situated at Strand and Chapel Streets New Amsterdam, Region Six (East Berbice-Corentyne) on Monday evening.Reports are that five employees of the store were outside after the business place closed, while several others were inside when two masked men pounced on them.Speaking with Guyana Times, one of the employees said that he saw two masked men running towards them. He said one of the men started firing shots in the air.He told this publication that one of the gunmen fired a shot in his direction but he was not hit and immediately retrieved to the side of the building. According to the employee, upon seeing the gunmen, they rushed into the building. Realising that they could not enter the store, one of the bandits used his gun to smash the window of the owner’s car which was parked outside. The man then grabbed a bag from the vehicle and escaped. However, this newspaper was told that the bag contained personal belongings of a staff member but no cash.Only two days ago, the owners of the variety store opened a supermarket. It is believed that the bandits thought that the day’s sales from the new supermarket were in the car. Police in Berbice have since launched a manhunt for the two gunmen.last_img read more

Bandit gets 25 years for traffic light murder

first_imgWeeks after a 12-member jury found him guilty of manslaughter, Travis McDougal was on Monday sentenced to 25 years’ imprisonment for his involvement in the shooting death of 43-year-old dredge owner Ashok Raghu.The businessman was killed outside the Botanical Gardens on Vlissengen Road in August 2014, during the course of a robbery committed by two bandits.Defence Attorney Nigel Hughes said his client had no run-ins with Police prior to Raghu’s killing, stressing that McDougal did not know that his accomplice had intentions of attacking anyone. Hughes, in appealing for a lesser sentence, said that his client stayed on the “straight and narrow” path for most of his life, except for his association with his accomplice, Jermaine Otto, called “Fungus”, a porkknocker. In July 2015, McDougal was committed to stand trial with the porkknocker, but Otto was one of the prisoners, who died in the deadly Camp Street Prison fire, following riots in March 2016.At Monday’s sentencing, McDougal maintained his innocence and begged for the Judge’s mercy. He noted that while incarcerated, he enrolled in church programmes and was even chosen as prisoner in charge of taking care of his dormitory.State Prosecutor Tuanna Hardy stressed that McDougal’s actions put the public in danger as a gun was used in “broad daylight”.After hearing addresses by both sides, trial judge Navindra Singh admitted that he came to the bench with a sentence in mind, but reasoned that McDougal could still contribute meaningfully to society as he was only in his 20s.“I think I am a very fair judge,” Justice Singh expressed, telling the court that he was “deeply criticised” by family members of both the accused and deceased when sentences are imposed. Justice Singh then stressed that he took into consideration that the jury found McDougal guilty of manslaughter rather than murder – the charge for which he was originally indicted. The Judge, however, maintained that it was very hard to be flexible in this instance. As such, he sentenced McDougal to 25 years, ordering deductions for time spent on remand.After being sentenced, the accused, clinging to a Bible, was in tears as Police led him away to the prisoner’s holding cell.Police had contended that one of the two bandits had grabbed a haversack containing $4 million, but Raghu’s wife, Shyrazadi, held onto the haversack before she too was shot. She had testified to seeing McDougal on the night in question. The businessman died from a perforated lung due to a gunshot.The jury had heard that McDougal knew “Fungus” from the time they attended Lodge Secondary School together. Otto was said to have asked the accused to drop him in Kitty, Georgetown, because McDougal had a driver’s licence. During the trial, McDougal had recounted that when the two were on the motorcycle and had reached the traffic light at Regent and Vlissengen Roads, Otto jumped off and proceeded to a car.“All I hear is shots,” the accused was quoted in an alleged confession to Police. Otto then contacted him and reportedly said: “I hope my name ain’t get call.”The State’s case was assisted by Prosecutor Siand Dhurjon.last_img read more

Oil production will have low risks to marine life – EIA

first_img…maintains low probability of oil spill reaching coastLiza Phase 2By Jarryl BryanThe results from the Environmental Impact Assessment (EIA) into the Liza Phase  2 development project has almost cleared ExxonMobil’s subsidiary from the presumption that its operations will cause damage to Guyana’s wildlife and the environment – that is, pending an independent assessment.The report’s findings are that damage will be “negligible to minor” when it comes to various categories. That is, save for damage to marine mammals, which the report does find will be moderate.According to the report, which was commissioned by Esso Exploration and Production Guyana Limited (EEPGL), observations before and after the issuance of the Environmental permit show that large members of the cetacean family (particularly whales) rarely appear South of the Stabroek Block.The report states, “marine mammals have the potential to be impacted by two types of sound from planned project activities…Continuous sound from vessels and machinery operating in the (Project Development Area (PDA)) and comparatively louder, shorter-duration impulse sound from the Vertical Seismic Profiling (VSP) and pile driving.”“Both the continuous sound and impulse sound sources would be loud enough to cause injury in the immediate vicinity of the source,” the report acknowledges, but adds that this would have no effect within approximately 10 metres of the vessels, 75 metres from the VSP, and approximately 1400 metres from the driven piles. The piles are driven at depths of more than 4920 feet.Even with those risks, however, the report pointed out the premise that marine mammals actively avoid these sounds because of the physical discomfort. It adds that mid frequency hearing mammals generally stay 700 metres away. The low frequency mammals, it says, avoid that portion of water by 1400 metres.“Both categories of cetaceans would be expected to avoid these areas for the duration of the pile-driving activity. Low frequency cetaceans (LFC) species, including many of the larger baleen whales and dolphins, and some mid frequency cetaceans (MFC) species, including toothed whales, will naturally remain outside of the area of potential effect because it will be deeper than their deepest recorded dive depths,” the report states.According to the report, species like Sperm Whales have been known to dive approximately 4000 feet in tropical and subtropical waters. But the report states that even if they met depths that would expose them to injury, they physiologically could not remain there for sufficient periods.Marine turtlesThe report states that marine turtles could be impacted by planned project activities, but that the impact is negligible to minor. It states that turtles, which are reptilian, are not as sensitive to underwater sound as mammals.“Marine turtles have been detected at a much lower rate than marine mammals prior to and since the Project was permitted, which suggests that the density of marine turtles offshore is comparatively low. Preliminary tracking data from a marine turtle telemetry study indicate that individual turtles may nest multiple times a season at Shell Beach.”The report adds that “during the period between nesting events, they generally remain close to the nesting beaches, which would reduce the probability of their encountering Project vessel traffic moving within the PDA or between the PDA and shore base in Guyana.”Oil spillsThe assessment also takes into account unplanned events, such as hydrocarbon spill, discharge of untreated wastewater from the FPSO, vessel strike of a marine mammal, marine turtle, or seabird; vessel collision; and onshore vehicular accident.“An unplanned event is defined as an event that is not planned to occur as part of the project, but that could potentially occur. Since these events are not planned, they are evaluated using methods different from those used for planned events, specifically taking into consideration the likelihood that an unplanned event will occur.”“EEPGL has identified 14 spill scenarios, including spills of different types of hydrocarbons (like) crude oil, marine diesel, fuel oil, lubricating oil, with several being applicable for spills at the shore base and on vessels in the Demerara River estuary (like) from a supply vessel) or in the Atlantic Ocean – eg, from a well, drillship, supply vessel, tanker, FPSO. The largest of these scenarios considers a loss of well control incident at the seafloor, releasing 20,000 barrels of oil per day for 30 days.”But the report noted previous findings that there is a low probability of an oil spill reaching the shoreline, in addition to the five to 15 days timeline for oil the reach the shore. It also noted its oil spill contingency plans. These plans, the company said, include its proper preparation of wells, inspected well control equipment, an Oil Spill Response Plan that sets out the response chain to an oil spill.“The OSRP clearly delineates the responsibilities of each entity that would take part in a response and describes how EEPGL would mobilise both its own resources and those of its oil spill response contractors, as well as notifying the Government of Guyana with respect to mobilising its resources,” the report states.Last month, Government had announced that an international firm, Ramboll US Corporation, will be contracted at a cost of $40 million to review the EIA. That sum will be footed by EEPGL, seeking environmental authorisation for the second phase of its Lisa project.It is understood that the Liza Phase 1 development project will produce about half the oil in the Liza field, Stabroek block. The Liza Phase 2 development project will produce the other half.last_img read more

Roddick serves up victory

first_imgThe 19-year-old from Thousand Oaks grew up a three-hour drive west of the Indian Wells Tennis Garden. In the lone upset on the men’s side, Argentine Jose Acasuso defeated 16th-seed Mikhail Youzhny of Russia, 7-6, 6-4. In women’s second-round play, Russians Svetlana Kuznetsova and Nadia Petrova, the second- and fourth-seeded players, advanced in straight sets. But three other seeds stumbled. Unseeded Chicagoan Laura Granville bounced No. 27 Severine Bremond of France, 6-3, 7-6; Russia’s Elena Likhovtseva upset countrywoman Olga Poutchkova (26th), and Alicia Molik of Australia beat Anabel Medina Garrigues of Spain (24) in three sets. In other men’s matches, Czech Republic’s Jan Hernych beat England’s Tim Henman, a two-time Indian Wells finalist, 7-5, 3-6, 7-5. Guillermo Canas of Argentina needed 49 minutes to beat Czech Republic’s Jan Hajek 6-1, 6-1, and move on to a third-round match with Roger Federer, winner of 41 consecutive matches and the world’s No. 1 the past 161 weeks. Federer won here the past three years. “I am still in the tournament, this is good,” said Canas, trying to focus upon the bright side. “The second thing, I’m playing with one of the most important players in the decade, in the history. I’m gonna try to enjoy this.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The third-seeded American got a quick break in the second set and cruised from there against his Spanish opponent. Lopez didn’t have a break in the match. INDIAN WELLS – Andy Roddick defeated Feliciano Lopez, 7-6 (4), 6-4, in his opening match of the $5.4 million Pacific Life Open on Saturday night. In a second-round matchup of hard-servers, Roddick started the first-set tiebreaker with a 137-mph ace and finished it with another ace at 123 mph. center_img Second-seed Rafael Nadal, who lost to James Blake in last year’s semifinal, beat France’s Arnaud Clement, 6-3, 7-6. “I feel very good with my forehand,” the 20-year-old Spaniard said. “Maybe today was not my best match, but … I am a more complete tennis player now than in 2005.” Earlier, California teenager Sam Querrey defeated Belgium’s Christophe Rochus, 6-2, 6-4. Querrey will next play fourth-seeded Nikolay Davydenko of Russia. Querrey is hoping home-court advantage will help. “Hopefully, all my friends will be out there and maybe get into his head,” he said. last_img read more

Romelu Lukaku isn’t good enough for Chelsea – Cascarino

first_imgJose Mourinho doesn’t feel Romelu Lukaku is good enough for Chelsea and the club will look to sell the young striker in the future, according to Tony Cascarino.The former Blues forward says the Didier Drogba’s arrival is confirmation of what Mourinho thinks about Lukaku.“I’ve said before that I totally believe Mourinho doesn’t think Lukaku is good enough. If he thought Lukaku could come in and do a job it would have been a no-brainer, but I don’t think he’s ready,”“I’m not his biggest fan. I’ve looked at him over the last couple of years. He went to West Brom, was subbed lots of times, came on and had a great goalscoring record as a sub. He got a few goals and had a great run at the end of the season. Everton fans are also very undecided about him.”Cascarino says Lukaku doesn’t meet the standards required at Chelsea, and the club will look to move him on in the future, though matching their asking price for the forward may be difficult.“Sell him? That will eventually happen, but the price some clubs will look to pay for Lukaku won’t be the same as what Chelsea value him at. It’s a real conundrum for the player because he obviously wants to play football,”“He had times when he done very well for Everton; I saw him lots of times when he was mediocre. I felt his first touch certainly wasn’t up to the standard required of a team fighting at the top of the table.”last_img read more

GAA NEWS: FANAD U-16 BOYS SET FOR COUNTY LEAGUE FINAL

first_imgUnder 16’s:Well done to our under 16 boys who are through to the league county final after a great win in Convoy on Sunday. In one of the most courageous and battling displays by any underage team the boys won by a point with a “Paddy Shiels All-ireland final like” goal coming in the last attack of the game from Eoghan Carr. The boys were trailing by nine points at a stage in the second half but never gave up and got what they deserved in the end. They now play St Nauls in the county final this weekend. Check out our facebook page for confirmation of time and venue.Jigs and Reels: Gaeil Fhánada are proud to present ‘Jigs & Reels’ in Downings Bay Hotel on Friday 25th October. Doors open 7.30pm and show starts at 8.00pm sharp. Tickets are now on sale at €15 each and available from any of the dancers of committee. Dancing couples are, Mark ‘Sparky’ Friel & Laura Coyle, Paul Martin & Orla McBride, Michael Heraghty & Aine Boyle, Joe Logue & Mary Teresa Cairns, Kevin Dorrian & Aoife McElwaine, James Gibbons & Teresa Coll, Niall Gibbons & Bridgena Dolly McFadden, Patrick Fealty ‘Jack’ & Teresa McGettigan, Paul Coyle & Sinead Callaghan and Gareth Crossan & Bernie Gallager. Come along and support your favourite couple, and who knows, it could be a great nights craic.Dribble ‘n’ Solo-athon:Mulroy Hoops Basketball Club and Gaeil Fhánada Bord na nÓg are hosting a 12 Hour sponsored Dribble ‘n’ Solo-athon to take place on Saturday 19th October 2013 in the Rossnakill Resource Centre. The event will run from 9am to 9pm. We are inviting families involved in either or both these clubs to take part as well as other families who may be interested in joining. How will the Dribble ‘n’ Solo-athon work?– From your wider family/friend circle select a group or groups of 12 – to include brothers, sisters, cousins, parents, grandparents, friends or anyone who is happy to give it a go!– Each group should have a nominated leader – ideally a teenager/adult.– Each group will be asked to dribble/solo for just 15 minutes.– To make the event as fun as possible your group can dribble/solo in fancy dress – you could come in pyjamas, onesies, football jerseys, Disney characters or anything you fancy! There are still places available on the Time Table for groups to join in. Keep on eye on the Fanad Gaels and Mulroy Hoops websites/Facebook pages as well as local press for updates! We hope that you will get involved, have fun with your friends and family and help raise money for these two community based clubs.There will be a quick meeting this Friday 11th in Rossnakill at 8.30pm sharp. Bord na nÓg are looking for helpers on Saturday 19th. Just a couple of hours of your time will help us so much, the more help we have the less time you will have to do. All help very much appreciated. Scrap Saturday:We will be holding a Scrap Saturday in the next few weeks. Anyone who has any scrap metal laying around, this will be a great opportunity for you to get rid. A contact number will be available in our notes in the coming weeks for you to call and have the metal collected at a time that suits both party’s.Difibulator Course:Anyone interested in doing a Difibulator Course with the club at a cost of €24 each, please contact Fiona on 0851555645 so she can arrange numbers and dates. Child Awareness Courses:Anyone who would be interested in doing a child awareness course should contact Fiona on 0851555645. The course will only take place should we have a sufficient number of people interested. We would like to remind anyone who is working with children within our club must have the GAA child protection.GAA NEWS: FANAD U-16 BOYS SET FOR COUNTY LEAGUE FINAL was last modified: October 8th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:GAA NEWS: FANAD U-16 BOYS SET FOR COUNTY LEAGUE FINALlast_img read more

LOST IN THE STORM! DID YOU LOSE THIS BEAUTIFUL POOCH?

first_imgDog just found in the Lismonaghan area of Letterkenny tonight.Donegal Daily reader Jessica would love to re-united this lovely pooch with its owner.If you can help, email info@donegaldaily.com or leave a message via Facebook or Twitter.  LOST IN THE STORM! DID YOU LOSE THIS BEAUTIFUL POOCH? was last modified: December 27th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:dog foundletterkennylismonaghanlast_img read more

Switching corn acres?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The dust settled last week after the USDA news reporting upcoming massive corn acre estimates. With the recent 20-cent corn decline and 50-cent bean rally (over the last several weeks), many traders think farmers will switch more corn acres to beans. While logical, I’m not sure that will happen at levels traders anticipate. Farmers I speak with are not planning to make changes due to logistics or sunk fertilizer costs already applied.Similarly in the Dakotas, some traders think corn acres could be switched to spring wheat. Again while logical, after running the numbers, most farmers would need wheat to rally another 50 cents (compared to corn) to make this more profitable.Weather in the Delta may bring an opportunity to switch acres, but it’s such a small growing region that farmers in that area would need to switch 50% of acres to beans to have any impact. This isn’t likely.Lastly, don’t forget about insurance guarantees, which are the most attractive for corn. This year, farmers may try for the least loss of revenue, which may be accomplished by planting corn. Weather is always a factorBullish traders remember in 2012 the largest corn crop was expected in modern history, but ultimately the drought happened and changed everything. It’s important to note though, the drought impact of 2012 was the third year in a row with below average rainfall for the Corn Belt. The strongest El Niño on record prior to 15-16 was 97-98, where crop yields were normal and prices drifted lower into the 1998 harvest. There have been six similar El Niño events similar to 15-16 in the last 50 years and they all had different outcomes, so it’s hard to estimate future weather’s impact based upon so few historical events. Adding updated seed genetics and farmer technology makes comparisons even more difficult.That being said, if I didn’t think weather could still impact this market I would be 100% priced, which I’m not.Market actionBeansConsidering the recent bean rally, I priced 20% more of my 2016 beans last week at $9.21 against Nov. With this I am 40% priced for 2016. CornAfter letting the trade digest the release of the USDA report I still feel concerned that I am not far enough along in my 2016 corn marketing. I’m still not prepared to sell more futures at $3.75 against the Dec, but I want some downside protection while leaving me some upside potential.I bought a $3.70 put and sold a $3.30 put for 17 cents. I then sold a $4 Dec call for 18 cents to help offset the put spread cost. This trade represents about 5% of my anticipated production for 2016. With brokerage commissions this trade cost me less than a half cent per bushel and expires near Thanksgiving.What does it mean?• Below $3.70 but above $3.30 I get $3.70 for my corn• Below $3.30 I take the price of corn but I add 40 cents on to the price, thus $3 futures would mean my corn is worth $3.40• $3.20 futures would mean my corn is worth $3.60• Above $3.70 but below $4.00 I get whatever price corn is trading• Above $4 and I only get $4 regardless how high corn goesIn all the cases above I have to subtract a half cent from the final price to cover the cost of placing the trade.While I don’t know if this trade is ultimately the correct one, I’m pleased with the flexibility it offers and I’m comfortable with all the price outcomes possible, knowing what I know now after report. Basically, if prices go lower I have some protection, but if they go a little higher, I can take advantage. I certainly hope that futures rally above $4 this year, but I don’t want the risk if they do not.Lifting hedgesRecently a farmer asked me if I like to “lift hedges” if the market moves lower and has the possibility of bottoming out. The short and simple answer is no, I don’t lift hedges.Why?“Lifting hedges” is code for speculating. I don’t want to be a speculator with my marketing program. I have hedges in place so I know exactly where my grain is marketed. Additionally, my banker is completely on board with my program, and the last thing they want is me speculating. My banker trusts I am doing sound marketing that minimizes risk. I never want to violate that trust.How big of a hedging line do I need?A new client was surprised to find they received a hedge line with their bank that was bigger than their operating loan. While they may never need more than 25% of the hedge line, the rest is available should a margin call be needed. The bigger surprise to my new client…the banker was completely supportive of the large hedging line. This banker understood “Risk Off Hedging” and what was needed to make it successful.It helped the banker had followed my marketing strategy for many years and felt comfortable with his clients taking advantage of opportunity. However, I find most bankers understand hedging and prefer clients use proper hedging techniques versus speculating. I always speak with new clients’ bankers BEFORE starting a marketing program so I can verify the client and their banker are on the same page. We never want surprises down the road when margin calls accumulate.Why are few farmers doing “Risk Off Hedging”?Speaking with bankers, few farmers are taking advantage of this kind of marketing strategy. “Risk Off Hedging” isn’t sexy or exciting. It’s boring and safe, which unfortunately is not something most people like to participate in. However, boring and safe helps me sleep at night and understand/realize future farm operation profits.Be cautious of advice that suggests lifting hedges. It might turn out to be great advice, but remember you have another crop coming in less than a year that will need to be marketed. Adding more pressure to sell additional bushels in an uncertain market puts farmers in a risky position. What if the market really hasn’t bottomed out?Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Ohio case law update

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Evin Bachelor, Law Fellow, Ohio State University Extension Agricultural & Resource Law ProgramHere’s our latest gathering of Ohio agricultural case law news that you may want to know.Plaintiff must prove that a defendant wedding barn operator’s breach of a duty caused her harmConrad Botzum Farmstead is a privately operated wedding and event barn located in the Cuyahoga Valley National Recreation Area and on lease from the National Park Service. The plaintiff in the case was attending a wedding at the barn, where she broke her ankle while dancing on a wooden deck. The jury trial found that the barn operator was 51% at fault for her injuries, and awarded the plaintiff compensation. However, the barn operator appealed the decision and won. The Ohio Ninth District Court of Appeals found that the plaintiff did not introduce sufficient evidence to prove that any act or breach of duty by the barn operator actually or proximately caused the plaintiff to fall and break her ankle. The case raises standard questions of negligence, but it is worth noting in the Ag Law Blog because the court did not base its decision on Ohio’s agritourism immunity statute. The case is cited as Tyrrell v. Conrad Botzum Farmstead, 2019-Ohio-1874 (9th Dist.).Ohio History Connection can use eminent domain to cancel Moundbuilders Country Club’s lease. A Licking County judge ruled in early May that the Ohio History Connection, formerly the Ohio Historical Society, can reclaim full ownership of land that it had leased to a country club. The Moundbuilders County Club has operated a golf course around prehistoric Native American earthworks for decades under a long-term lease with the state. The Ohio History Connection sought to have the lease terminated in order to give the public full access to the earthworks as part of a World Heritage List nomination. The judge viewed the request as sufficiently in the public interest to apply Ohio’s eminent domain laws.last_img read more