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Monday, November 23, 2015

Too-big-to-fail banks could face tougher stress tests, says Federal Reserve Governor Daniel Tarullo | Crain's New York Business

Too-big-to-fail banks could face tougher stress tests, says Federal Reserve Governor Daniel Tarullo | Crain's New York Business: Large U.S. banks will probably have to endure tougher scrutiny of their capital to pass annual stress tests, Federal Reserve Governor�Daniel Tarullo said.

There’s “more than a pretty good chance” that banks will face “some net increase in the post-stress minimum capital requirements,” Tarullo said in an interview Monday with David Westin and Stephanie Ruhle on Bloomberg Television. Such a step could result in banks having to hold more capital to be allowed to pay dividends to their shareholders.

We can no longer cry for Argentina | Agweb.com

We can no longer cry for Argentina | Agweb.com: It would appear that there will be a long overdue change in administration in Argentina as the challenger; Mauricio Macri has won the runoff election in that country.� Argentina has a long and interesting history of economic trouble with numerous international debt default/restructuring episodes along the way (they have defaulted on external debt seven times in the past 200 years). The most recent was in 2001, which ultimately led to the election of Nestor Kirchner (Peronist) in 2003 who was followed by his wife Christina Fernandez de Kirchner in 2007 after his sudden death, who then held the office through this year with more then enough controversy along the way.�

Argentine Farmers Set to Unleash $8 Billion of Stored Crops | Agweb.com

Argentine Farmers Set to Unleash $8 Billion of Stored Crops | Agweb.com: The country’s farmers are ready to ship an estimated $8 billion in stored crops as soon as export taxes are lifted or reduced as Macri promised, according to five farmers, analysts and exporters interviewed after the election. Macri has also vowed to lift currency controls as soon as he takes office Dec. 10, a move that investors see leading to a devaluation of as much as 35 percent for the peso, which would further help farmers trying to sell abroad.

Water scarcity: “Governments will fall and wars will be fought”

"“It is not an exaggeration to say that governments will fall and wars will be fought because of the stresses caused by scarcity of water,” said Skaggs, the Williams Neal Reynolds distinguished professor of biological and agricultural engineering at North Carolina State University"

http://southeastfarmpress.com/blog/water-scarcity-governments-will-fall-and-wars-will-be-fought?NL=SEFP-01&Issue=SEFP-01_20151123_SEFP-01_380&sfvc4enews=42&cl=article_1_b&utm_rid=CPG02000000794049&utm_campaign=7040&utm_medium=email&elq2=d24cd7129f8a4aa5b6508f422be1a53c

Illinois farmland auction brings prices topping $13,000 per acre

Illinois farmland auction brings prices topping $13,000 per acre -- CHAMPAIGN, Ill., Nov. 23, 2015 /PRNewswire/ --: The Nov. 18 auction of 556 acres of farmland brought a total of $5.98 million, or an average of $10,755 per acre. Prices on individual tracts ranged from $7,566 per acre to $13,156 per acre. The land was offered in six tracts by Murray Wise Associates.

"This was a very significant sale, because it came right on the heels of the harvest and at a time when there is a significant supply of land on the market. We had a huge crowd, and the land brought a price that surpassed the expectations of many. Both investors and farmers were successful in buying land, demonstrating their belief in the value of quality Illinois farmland," said Murray Wise, chief executive officer of the auction company.

Orleans Parish Sheriff's Office gears up for annual Thanksgiving Dinner Celebration | New Orleans - WDSU Home

Orleans Parish Sheriff's Office gears up for annual Thanksgiving Dinner Celebration | New Orleans - WDSU Home: Sheriff Marlin N. Gusman said the annual Thanksgiving Dinner Celebration will take place from 10 a.m. to 1 p.m. Thursday at the Ernest N. Morial Convention Center in Hall I-2.

“This event is made possible by the generous support of our sponsors and volunteers. They provide us with an opportunity to bring this community together to give thanks for the blessings we’ve received during the past year, all while enjoying a delicious meal and great entertainment," Gusman said.

Drones, mobiles, internet: How Indian farms are going hi-tech | india | Hindustan Times

Drones, mobiles, internet: How Indian farms are going hi-tech | india | Hindustan Times: When this year’s rabi or winter crop in Haryana’s Kurukshetra ripens, drones will circle them as part of a series of simultaneous experiments in three other states — Karnataka, Madhya Pradesh and Maharashtra.
The country’s vast and antiquated agriculture sector has largely been a stranger to such high-tech, although it feeds a billion people.
Yet, slowly, the country has realised that without technology, its farmers aren’t going anywhere beyond eking out a tough living. Frequent weather shocks push them back into poverty. Food-price spirals annoy consumers and hobble policymakers.

Detroit eyes adding livestock to urban farms

Detroit eyes adding livestock to urban farms: At an urban farm on Detroit’s east side, Mark Covington tends to�more than the conventional�collards, broccoli and spinach.

There are also four beehives, pens with nearly 30 chickens and a separate, larger pen for five goats. He even had turkeys until recently�and plans to bring back more in April.

In Detroit,�city laws technically don’t allow for the raising of livestock. But�Covington said his neighbors have never complained since he started raising some animals six years ago. It's complaints from neighbors that usually bring law enforcement.

Why small farms may answer big problems - CSMonitor.com

Why small farms may answer big problems - CSMonitor.com: Less than an hour from downtown Atlanta, more than 200 families are bringing new meaning to the term "urban farming."

The homes in the community of Serenbe are scattered throughout a 25-acre organic farm, where professional farmers tend the land and sell fruits and vegetables to local residents. Boasting a “thriving CSA program and edible landscaping,” people from across the US travel to Serenbe to either eat, visit, or build a home.

Existing Home Sales Decline More than Expected in Ocotber | Fox Business

Existing Home Sales Decline More than Expected in Ocotber | Fox Business: U.S. home resales fell more than expected in October, with large declines in regions which have experienced the biggest price gains, but the underlying trend suggested housing remained on firmer footing. The National Association of Realtors said on Monday existing home sales declined 3.4 percent to an annual rate of5.36 million units. September's sales pace was unrevised at 5.55 million units and was the second highest since 2007.

Rea family shifts from auto parts to extra virgin olive oil prodction | Orchard Crops content from Western Farm Press

Rea family shifts from auto parts to extra virgin olive oil prodction | Orchard Crops content from Western Farm Press: Arizona olive grower Perry Rea wears a headful of hats – farmer, owner, master blender, sommelier, irrigator, quality inspector, and many more - pretty good for a first generation agricultural producer.

About a dozen years ago, Rea sold his successful auto part supply business providing original brake lines and such for the Big Three automakers in Detroit, plus Mercedes and Nissan, to pursue a new venture linked to his Italian heritage – the olive oil business.

Photo Gallery: Agriculture a BUSY place in winter vegetable country | Western Farm Press

Photo Gallery: Agriculture a BUSY place in winter vegetable country | Western Farm Press

CBOT soybeans may break support at $8.49-1/2

CBOT soybeans may break support at $8.49-1/2: CBOT soybeans may break a support at $8.49-1/2 per bushel, and fall to the next support at $8.26-3/4, driven by a wave C.
These two supports are provided respectively by the 38.2 percent and 50 percent Fibonacci projection levels of the wave C, the third wave of a three-wave cycle from the July 14 high of $10.50-1/4. This wave could travel to $8.04, the 61.8 percent level.

GRAINS-Soybeans hit 6-1/2-year low on S.American export prospects | Agricultural Commodities | Reuters

GRAINS-Soybeans hit 6-1/2-year low on S.American export prospects | Agricultural Commodities | Reuters: U.S. soybeans fell for a second
session on Monday to a more than six-and-a-half year low, hurt
by an improved production outlook in South America and the
election of a new president in Argentina who has promised to cut
export taxes.

Corn, soybean market outlooks bearish

Corn, soybean market outlooks bearish: Brenda Boetel, agricultural economist with the University of Wisconsin-River Falls Department of Agricultural Economics, shared her corn and soybean market outlook Nov. 17.

She said corn traded lower last week in anticipation of the U.S. Department of Agriculture’s World Agriculture Supply and Demand Estimates report, which was even more bearish than most analysts expected. USDA increased the average corn yield per harvested acre from 168 to 169.3 bushels. Harvested acres remained the same. Production increased to 13.654 billion bushels, up 0.7 percent from October estimates.

Deere to Take Measure of Farm Slump - WSJ

Deere to Take Measure of Farm Slump - WSJ: As the farm-equipment industry sputters to the end of its worst sales year since 2009, Deere & Co. will soon provide clues to how much more pain is in store for the coming year.

Deere, the world’s largest seller of tractors and harvesting combines, plans to report its fiscal fourth-quarter results on Wednesday. The Illinois-based company is expected to offer a sales outlook that will set the tone for the farm-machinery industry in 2016. Many analysts see a big stepdown in Deere’s projection that would signal a prolonged slump for the sector.

Prices of essential commodities begin to ease

Prices of essential commodities begin to ease: The Government continued to closely monitor the availability and prices of essential commodities, especially pulses, edible oil and vegetables. �It may be recalled that as a result of demand and supply mismatch, the prices of tur and urad had shown an increase. �
Following several measures, Government of India initiated including imposition of stock limit, zero duty on import of pulses and coordinated de-hoarding operations in major producing states viz., Maharashtra, Karnataka, M.P., Rajasthan and Chhattisgarh, the prices of pulses have begun to register a decline. �

Prices of PUSA Basmati soar - The Times of India

Prices of PUSA Basmati soar - The Times of India: Bringing some relief to farmers of Punjab, prices of Basmati rice PUSA 1121 variety has witnessed a surge of around 20-25 per cent in the past one week in various grain markets of Punjab.

This variety, which would otherwise reap profit much higher than regular variety, had been fetching no more than Rs 1,700-1,800 per quintal until two weeks ago. The low price of the variety had created negative sentiment among peasants, who preferred to stock their yields back in their stores instead of selling it in open market. However, weeks after farmers' reluctance to sell their yield, prices have bounced back. Now, PUSA 1121 is being sold at Rs 2,400-2,500 per quintal in various grain markets of this region.

Low crop prices prompt rising concerns - News - Ag Journal Online - La Junta, CO - La Junta, CO

Low crop prices prompt rising concerns - News - Ag Journal Online - La Junta, CO - La Junta, CO: In addition to wondering how low land prices can go, economists, bankers and farmers have similar questions about crop prices.
Brent Young, a regional ag and business management specialist for Colorado State University who recently presented an economic outlook in Burlington and Greeley, discussed work done on that topic by Paul Peterson, an ag and consumer economics specialist at the University of Illinois.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower lead by the soybean complex after the election of a new regime in Argentina. Outside markets remain a headwind for the grain markets as the US Dollar tests the 100 level and crude oil toys with support at the $40.00 level. The week is starting with a risk off attitude across all commodities. Expect trading activity to be choppy the balance of the week as we start the holiday season.