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Wednesday, November 25, 2015

Fairmont San Francisco sold to Mirae Global Investments of South Korea for $450 million (Video) - San Francisco Business Times

Fairmont San Francisco sold to Mirae Global Investments of South Korea for $450 million (Video) - San Francisco Business Times: The owners of the Fairmont San Francisco have sold the landmark Nob Hill hotel, the latest in a series of high-priced hotel transactions in the city.
As rumored in October, a Seoul, South Korea-based financial services concern, Mirae Global Investments, has purchased the hotel for $450 million. The sellers are Woodridge Capital Partners LLC, and Oaktree Capital Management, which jointly purchased the hotel in 2012 for $200 million and put in $20 million worth of renovations.

Letting go of farmland the right way

Letting go of farmland the right way: The United States will experience a monumental shift in farmland ownership. Thirty-one percent of U.S. agricultural land is owned by non-operator landlords. In Iowa, 35 percent of Iowa farmland is owned by people over 75 years of age. At the same time, there is a surge in those who are wanting to farm. Practical Farmers has 1,600 of these beginning farmers in its network alone.

What’s to be done? Well, if you own farmland, how about a little soul searching about the future of that land? What matters most for Iowa, for agriculture? Could you seek out and sell that land to the next generation of farmers?

Promotion of Smart Agriculture towards climate change and agro-ecology transition in West Africa (AIC)

Promotion of Smart Agriculture towards climate change and agro-ecology transition in West Africa (AIC): The Promotion of Smart Agriculture towards Climate Change and agro-ecology transition in West Africa (in French, “Agriculture Intelligente pour le Climat”, or AIC) is a regional initiative focused on Africa. The global objective is to support the transition towards agro-ecology in West Africa to reinforce the resilience of vulnerable populations. The initiative aims at the adoption of practices by 25 million households by 2025.

This initiative includes two steps: firstly, the spread of best practices through public policies (involvement of public services in charge of agricultural and environmental policies) and, subsequently, farmers' training and support by NGOs and producers (involvement of producer organisations and operators).

U.S. Farm Incomes Continue to Dive

U.S. Farm Incomes Co... | Business News | Agriculture: The latest U.S. Farm Income Forecast from the USDA projects that 2014-15 farm net incomes will see a severe decrease nearing the low income levels of 1983.
In its November farm income update Tuesday, the USDA forecasts 2014-15 net farm income (which includes household expenses) will decline 38.2% with net cash income down a staggering 27.7%. Corn net cash income this year will average $143,000 per farm, down from $197,200 last year, and $255,300 in 2013.�
“It’s not just a crop story now; it’s broader than that,” said Jeff Hopkins, chief of the farm economy branch of the USDA Economic Research Service. “The decline in income is really due to a broad decline in all commodity prices.”

Japan struggles to save shrinking, aging agriculture industry

Japan struggles to save shrinking, aging agriculture industry: It doesn’t look like much:�a�few mismatched plots of farmland wedged between busy highways and commercial developments on the outskirts of this midsized city.

But if Ryusuke Goto, 27,�can find success as a rice farmer under relaxed rules and regulations introduced last year, he could help spark a turnaround in Japan’s long-declining agricultural industry.

“The situation has become very serious. The population is shrinking; the number of farmers is declining. But I think we are beginning to see a change. I’m actually quite optimistic,” said Goto, whose fields are in a special farming district created last year.

Japan’s agricultural�sector has long been a model of inefficiency: tiny farms burdened by heavy regulation, propped up by government subsidies and protected by a vast array of tariffs and import controls.�Though food is plentiful and quality is high, prices paid by Japanese consumers can be twice as much as those in other countries.

Foundation helps small farms secure grant money | Farmville

Foundation helps small farms secure grant money | Farmville: More than 250 agricultural businesses nationwide recently were awarded a total of $34 million to help expand their operations and create value-added products.

Climate change, shifting habits are steep hurdles for N.H. farms | Concord Monitor

Climate change, shifting habits are steep hurdles for N.H. farms | Concord Monitor: Generations ago, Dimond Hill Farm had gardens and cows, a shoe-cobbling room and metal-working station, woodlots and no electricity. It was just one of a number of self-contained, multipurpose farms in New Hampshire.

On Monday, the Concord farm’s seventh generation, Jane Presby, said that time, technology – and most concerning, climate change – has changed all of that.

2015 likely to be warmest on record, says UN weather body – BBC News |

COP 21: 2015 likely to be warmest on record, says UN weather body – BBC News |: Temperatures across the globe are likely to break records in 2015 with readings running “well above” any previous year, scientists say.

A Fast El Nino Weather Pattern (2-Week Outlook) | Agweb.com

A Fast El Nino Weather Pattern (2-Week Outlook) | Agweb.com: Nov 23, 2015
A fast and active weather pattern will have temperatures plunging in the Rocky Mountains this week but then surging the other direction next week. Here are the details.

THIS WEEK (23-29 Nov): Temperatures will go on some wild swings from cold to warm and cool again but overall the week is going to trend the warmest in 4 years for the U.S. overall and 1.1F warmer than average. National rainfall is near average, making it the driest late November period in 3 years but all the rain is pretty much in the South Central U.S. where it will be particularly wet with widespread 2-5" amounts. The West Coast also gets in on the stormy weather with more rain for Central California. Snowfall was much above average last year this week but this year it's trending 20% below average for the U.S. overall and 53% less than last year's very snowy end to November. This week last year brought a decent snow storm from the Southern Appalachians into New England with 4-10" amounts, about 6" here at wt360 headquarters (Lehigh Valley PA) last year - not this year! �LARGER MAP VIEW

How to Cook a Turkey Dinner the Farm Journal Way - News | Agweb.com

How to Cook a Turkey Dinner the Farm Journal Way - News | Agweb.com: Thanksgiving: A day to feast, spend time with those we love, and reflect on all the things we’re grateful for. If you’re anything like me, one of the things you’re thankful for is a bounty of farm-fresh food on your table.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�have a narrow trading range in the overnight session. The US Dollar Index rises through the 100 level and crude oil gives back gains as tensions ease on the Russian-Turkish situation. Light volume is expected during the holiday trading period which could cause sharp moves.

Allendale staff wishes all our readers and customers a very Happy and Safe Thanksgiving. We truly have a lot to be thankful for in 2015. A special thanks to all the Armed Forces who will not be able to enjoy Thanksgiving with family tomorrow as they protect us around the world.

Markets will be closed on Thursday with no night sessions in grains on Wednesday and Thursday. Grains will open at 8:30 am Friday morning and close at 12:05 on Friday.