Sunday 9 September 2012

Agriculture Minister Simon Coveney says 25,000 new agri-food jobs could be created

Agriculture Minister Simon Coveney has said an estimated 25,000 new jobs could be created if targets for the development of the farm and food sector are achieved over the next eight years.

Mr Coveney said recent analysis suggests that growth in the agri-food sector could realistically generate these additional direct and indirect jobs by 2020.

The minister this morning said further progress has been made in achieving the targets set out under Food Harvest 2020, the Government’s plan for the expansion of the sector.

Mr Coveney said today’s Milestones for Success 2012 report showcases a confident and ambitious sector that is dynamic, outward-looking and has achieved real growth over the past two years, despite a difficult and volatile global environment.

He said the prospect of 25,000 additional jobs by 2020 demonstrates the significant potential for employment generation within the sector and the real value of the expansion envisaged in Food Harvest 2020.

Mr Coveney emphasised that the agri-food and fishing sector continues to be one of the cornerstones of national export recovery.

In 2011, agri-food exports were valued at €8.84bn, a 12% increase on the previous year.
Original Article Here

Vietnam backs green agriculture: PM

Vietnam is ready to shake hands with other countries and international organizations to pilot green agriculture models, said PM Nguyen Tan Dung. 

The Vietnamese Government chief made the remark on September 6 in Ha Noi at the opening ceremony of the second global conference on agriculture, food security and climate change.

The five-day conference drew the participation of over 500 delegates from 150 countries and 20 international organizations.

PM Dung applauded the conference’s theme of “Hunger for Action” and practical discussions on appropriate and effective strategies to develop environmentally-friendly agriculture, promote sustainable and green growth.

He also appreciated the idea of combining agriculture with development goals in larger scale and encouraging the private sector to participate in agricultural and rural development. 

He said he hoped that the conference would figure out effective and strong measures to develop agriculture and ensure food security in the context of the global climate change, especially in rural areas.

In Viet Nam, said PM Dung, agriculture plays an extreme important role and is given a priority in the national socio-economic development strategy. The country is affected frequently and heavily by natural disasters as well as climate change.

According to PM Dung, over the past years, Viet Nam has scored numerous achievements especially in food production, seafood processing and industrial plantations.

The country is striving to build a comprehensive, modern and sustainable agriculture towards deploying large-scale production with high productivity, high quality, and sharp competitive edge to ensure national food security and diversify products.

As one of the countries seriously vulnerable to climate change and sea level rise, Viet Nam is positively restructuring the agricultural sector to make full use of the country’s potentials and advantages, accelerating scientific applications; renovating the policies on land allocation; reorganizing production; luring investment and encouraging domestic and foreign enterprises to engage in agricultural and rural development.

PM Dung stressed that Viet Nam stands ready to share experience in the field with others. 

The host leader took the occasion to thank support and cooperation that other countries and international friends have provided for Viet Nam to respond to climate change and develop agriculture.

In the preparatory session in the first three days, delegates debated a Roadmap for Action and agreed measures on environmentally-friendly arming methods, combination of agriculture, energy with water, and connection between forests and agriculture in favor of green growth.

VGP 

Original Article Here

Professor of Agriculture says population is outgrowing food production in Nigeria

A professor of Agricultural in the Federal Univeristy of Agriculture Abeokuta, Bola Okuneye and Wale Oyekoya, the MD/CEO of Bama farms on Friday said Nigeria population is already outgrowing food production.

Misters Okuneye and Oyekoya were our guests on Channels Television’s programme, Business Morning.

Mr Okuneye said the rate of production is so low compared with the rate of population growth which is put at 3.5% because the various governments have not done much to aid the situation.
Original Article Here

Food Which Creates Gastric Problems

Gastric problem is common among all people and eating imbalanced and improper food leads to acidity and bloating. There are few food items which causes bloating or acidity. Different foods create stomach gas for different people. Lets check out the common foods which creates gastric problems.

Foods which create gastric problems:

1. Beans, mushrooms, broccoli, whole grains, asparagus, pears, peaches and apples are few sugar rich foods which the human body can't digest easily and therefore lead to stomach gas.

2. Dairy products are most common foods which create gastric problems in many people. The lack or incapability to break lactose in the digestion process leads to bloating. Cheese, milk, eggs and yogurt are common dairy products which creates acidity. To know if the dairy products is leading to stomach problems, check out the reaction after 40-90 minutes of consuming products.

3. Foods with starch like potatoes, corn, pasta and wheat products like bagels, pretzels and bread are also reasons behind gastric problems.

4. Not all but few fiber rich foods creates stomach gas. Soluble fiber is a common fiber rich food which creates gastric problems. Fiber food such as oat bran, beans, wheat brans, kale and fruits lead to acidity. This is mainly because the fiber food passes to the larger intestine unchanged .

5. Even fatty food creates stomach gas as the digestion takes time thus making you feel full and bloat.

6. Sugar-free candies or gums with artificial sweeteners also create acidity due to the laxative content which makes it difficult to break down for digestion.

These 5 foods generally create gastric problems so avoid these food items. If you feel some food item is causing you stomach gas then observe the reaction and avoid such foods.
Original Article Here

Wednesday 5 September 2012


Tuesday 4 September 2012

Food-Stamp Use Climbs to Record, Reviving Campaign Issue


 Alan Bjerga 
Food-stamp use reached a record 46.7 million people in June, the government said, as Democrats prepare to nominate President Barack Obama for a second term with the economy as a chief issue in the campaign.
Participation was up 0.4 percent from May and 3.3 percent higher than a year earlier and has remained greater than 46 million all year as the unemployment rate stayed higher than 8 percent. New jobless numbers will be released Sept. 7.
“Too many middle-class families who have fallen on hard times are still struggling,” Agriculture Secretary Tom Vilsack said in an e-mailed statement today. “Our goal is to get these families the temporary assistance they need so they are able to get through these tough times and back on their feet as soon as possible.”
Food-stamp spending, which more than doubled in four years to a record $75.7 billion in the fiscal year ended Sept. 30, 2011, is the U.S. Department of Agriculture’s biggest annual expense. Republicans in Congress have criticized the cost of the program, and the House budget plan approved in April sponsored by Representative Paul Ryan of Wisconsin, the party’s vice- presidential nominee, would cut expenses by $33 billion over 10 years.
Cuts Planned
“We need a new direction,” Amanda Henneberg, a spokeswoman for Republican presidential nominee Mitt Romney, said in an e-mail. “Democrats are desperately trying to convince voters that they are better off than they were four years ago. But the opposite is true,” as evidenced by the food- stamp numbers, she said.
Reductions to the program have also emerged as a point of contention in debate over a farm bill to replace current law that expires Sept. 30. The U.S. Senate in June passed a plan that would lower expenditures by $4 billion over 10 years, while the House Agriculture Committee the following month backed a $16 billion cut.
During the Republican primary campaign, then-candidate Newt Gingrich labeled Obama as “the best food-stamp president in American history.” When the National Association for the Advancement of Colored People called his statements “inaccurate” and “divisive,” Gingrich dismissed the complaints as a smear from “modern liberals” who are “off the deep end.”
Food-stamp enrollment is rising partly because the USDA is pushing higher participation too aggressively, giving government money to people who may not need or want it, U.S. Senator Jeff Sessions said in a telephone interview.
‘Government Incompetence’
“This administration has been hawking food stamps,” said the Alabama Republican, who has called for lower spending on the program. “Every additional dollar in this program is borrowed money,” he said. “It’s one more example of government incompetence.”
Today’s report shows the two most populous states, California and Texas, had the most recipients. California was tops with 4.012 million, a 0.8 percent gain from the previous month and 7.3 percent more than the previous year. Texas was in second place, while down 0.4 percent from the previous month and 1.4 percent lower than a year earlier.
Louisiana and North Carolina, where Democrats are meeting this week to nominate Obama, had the biggest monthly gains in enrollment, 1.3 percent. Enrollment fell the most in Utah, down 1.4 percent from May, followed by Idaho and Ohio.
Spending on what’s officially called the Supplemental Nutrition Assistance Program totaled $6.21 billion in June, 0.4 percent higher than the previous month and 2.8 percent more than a year earlier. The record is $6.26 billion spent in September 2011.
About 47 percent of recipients are children, and 8 percent are elderly, according to the USDA. About half of all new recipients leave the program within 10 months.
 Original Article Here

5 Agriculture Covered Calls: JOY, CNH, DE, IR, CAT


In the endless search for yield, a covered-call strategy can be an effective tool to supplement portfolio performance. In addition to finding returns from call premium, I'll try to incorporate higher quality dividend stocks for a little something extra. The guidelines for the covered-call strategy are:
Generating more than 7% per year from the calls and dividends combined is the overall goal.
Call should be at least 8% out of the money (OTM), to avoid being called away and to give room for underlying movement.
Targeted expirations will be within 4 months. Optimally calls will be written on the same underlying 3-4 times per year.
Buying back calls to close before expirations takes place will be taken into account; yields are calculated bid-$0.05.
The picks should be looked upon as yield generators to supplement longer-term equity holdings. The above are only guidelines, however, not rules. Before utilizing the strategy, make sure to study it and know the potential hiccups that may occur.
Annualized Call Yield performance can be calculated as such:
= (Call premium - 0.05 /Stock price)/Days to expiration*365
Prices current as of September 4, 2012 market close
Summary on selection:
Although I don't believe it is a good time to buy stock, the agriculture sector is typically represented in most long-term oriented portfolios and this is why it has been chosen for this article. These options may match up nicely if you would like to generate extra income on solid agricultural stocks. Additional income should be sought specifically while the financial markets are still murky with the Euro crisis and impending US political issues.
Joy Global Inc. (JOY) October 57.5 call
Ticker
JOY
Strike
57.5
Exp Month
October
Stock Price
$51.65
Call Bid
$1.15
Days to Expiration
46
OTM
11.33%
Call Yield
2.13%
Annualized Call Yield
16.90%
Annual Dividend Yield
1.30%
Total Annual Yield
18.20%
CNH Global N.V. (CNH) October 45 call
Ticker
CNH
Strike
45
Exp Month
October
Stock Price
$40.18
Call Bid
$0.45
Days to Expiration
46
OTM
12.00%
Call Yield
1.00%
Annualized Call Yield
7.90%
Annual Dividend Yield
0.00%
Total Annual Yield
7.90%
Deere & Company (DE) October 80 call
Ticker
DE
Strike
80
Exp Month
October
Stock Price
$74.12
Call Bid
$0.45
Days to Expiration
46
OTM
7.93%
Call Yield
0.54%
Annualized Call Yield
4.28%
Annual Dividend Yield
2.40%
Total Annual Yield
6.68%
Ingersoll-Rand plc (IR) October 49 call
Ticker
IR
Strike
49
Exp Month
October
Stock Price
$45.85
Call Bid
$0.62
Days to Expiration
46
OTM
6.87%
Call Yield
1.24%
Annualized Call Yield
9.86%
Annual Dividend Yield
1.40%
Total Annual Yield
11.26%
Caterpillar Inc. (CAT) October 90 call
Ticker
CAT
Strike
90
Exp Month
October
Stock Price
$82.66
Call Bid
$0.81
Days to Expiration
46
OTM
8.88%
Call Yield
0.92%
Annualized Call Yield
7.30%
Annual Dividend Yield
2.52%
Total Annual Yield
9.82%
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article
Original Article Here

 
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