Share Facebook Twitter Google + LinkedIn Pinterest By Dianne Shoemaker, Ohio State University Extension Field SpecialistThe Farm Service Agency plans to open the sign-up period on June 17 for the newly renovated Dairy Margin Coverage (DMC) Program, re-named and re-configured in the 2018 Farm Bill. The changes you will see in the DMC Program attempt to fix some of the problems that rendered the Dairy Margin Protection Program largely ineffective until initial adjustments were implemented early in 2018.Two of the biggest changes that will positively impact farms of all sizes include 1) adding 3 new margins ($8.50, $9.00 and $9.50) at reasonable premiums, and 2) allowing farms with base production of more than 5 million pounds to make a second margin election for pounds over the first 5 million.There are also opportunities to recover program participation net losses from 2014, 2015, 2016 or 2017. Repayment can be received either as cash (50% of the net loss), or by applying it to premiums for participation in the new program (75% of the net loss). What does this mean? If a farm purchased $6.50 margin coverage in 2016, paid a premium of $3,500 and received a total indemnity payment of $500, they had a $3,000 net loss. The farm can now choose to receive half the difference, or $1,500 as a cash payment. The other option is to receive $2,250, or 75% of the amount, as a credit toward premiums for Dairy Margin Coverage Program participation. If you participated in any or all of those years, you will receive notification from your Farm Services Agency office with your amounts and options.So why should you step up to the plate? Just like 2018, when sign-ups were re-opened for the updated program, sign-ups for 2019 will open well after January, but participation will be retroactive to Jan. 1. When the sign-up period opens on June 17, we will know exactly what the margins will be for January ($7.99), February ($8.22), March ($8.85), and April. Signups will end September 20, so you could wait and know what the actual margins are through at least July. As USDA announces new monthly margins, you can find them posted at https://www.fsa.usda.gov/programs-and-services/Dairy-MPP/indexFor farms with up to 5 million pounds of base production, indemnity payments for January through March more than cover the premiums at the highest ($9.50) margin.Example:Base milk: 5,000,000 pounds (about 200 cows)Farm elects to cover 95% of their base, 4,750,000 pounds, or 47,500 cwt.Coverage level selected: $9.50 margin costing 15¢ per cwtThe program assumes that production is equal across months, or 47,500/12 = 3,958 cwt per month.Because we know the January, February, and March margins, we can calculate the current indemnity payments. These payments are made on the difference between the purchased margin coverage level ($9.50 in this example) and the announced margin, times the monthly cwts covered:Jan $1.51 x 3,958 cwt = $5,977Feb $1.28 x 3,958 cwt = $5,066March $0.65 x 3,958 cwt = $2,573Total payments = $13,616Less6.2% Sequestration = $ 844Administration fee = $ 100Premium = $ 7,125Difference = $ 5,547 paid to the farmSince the signup is retroactive to January 1, we know that not only will the known indemnity payments cover all program costs; we also know there will be net positive dollars to help pay a few bills.How many total net dollars for 2019 is unclear and changing. Recently, projections indicated that there would be announced margins less than $9.50 well into the summer. If recent milk market rallies hold and show up in milk checks, then there could few or no further indemnity payments. We all hope that that will be the case. Second election for base pounds over 5 millionA major change that impacts farms with more than 200 cows, is the opportunity to make a margin selection for the first 5 million pounds of base milk, and a different margin selection for any base pounds over 5 million pounds. The Tier 2 premiums for the > 5 million pounds are substantially higher than premiums for the first 5 million pounds. To be allowed to make a second selection, the farm must purchase coverage at $8.50, $9.00, or $9.50 for the first 5 million base pounds (Tier 1 milk and premiums).Tier 2 premiums are the same as Tier 1 premiums for $4.00, $4.50, and $5.00 margins. The premium for the $5.50 Tier 2 margin costs more than three times as much as the corresponding Tier 1 premium, with premiums increasing exponentially until they reach $1.813 for the $8.00 margin. The higher coverage levels quickly become cost prohibitive and are unlikely to make sense for most farms.However, with the new 2-election option, farms with base production of more than five million pounds should seriously consider maximizing coverage in Tier 1 and electing the $4.00, $4.50, or $5.00 margin coverage on their Tier 2 base pounds for 2019. Long-term commitment = 25% off premiumsAnother option for farmers to consider as they sign up this year is the 25% premium discount option. There is a large string attached to the 25% discount, as you have to commit to your election for 5 years. Decision toolHow to make a decision? Particularly if you are considering the five-year commitment, use the decision tool developed by Mark Stephenson and crew at the University of Wisconsin. The new DMC Decision Tool, which incorporates the changes legislated in the 2018 Farm Bill is now up and running at https://dairymarkets.org. This is a very handy tool that allows farmers to enter their historic production (still starts with the highest of 2011, 2012, or 2013 production — verify your current production history with your FSA office) and explore the cost and potential returns of different coverage percentages and levels. It will lay out your costs for 2019 participation, expected payment, and also lay out the premium with the 25% discount and total 5-year cost if you want to consider that option.There is also a button to plug in your MPP Premium Repayment amount supplied to you by your FSA office. It will tell you how much you could receive as a cash payment and how much of your current selection’s premium would be covered if you chose that option. The decision tool’s milk and feed price data is updated nearly daily, so you may receive different “expected payment” results depending on what the markets are doing.OSU Extension and FSA offices will be working together and offering educational programs before and early in the sign-up period to review the changes and options for farmers. Look at the options for your farm.
TORONTO – Ontario’s cannabis supply agreements could be a boon for smaller producers who will have digital shelf space alongside the sector’s dominant players, which have inked distribution agreements with other provinces but are making sure to earmark supply for the country’s biggest potential pot market.Several marijuana stocks saw a slight lift Tuesday, one day after the Ontario Cannabis Store announced its initial supply agreements with 26 licensed producers. Selected firms ranged from the largest producer Canopy Growth Corp. to Northern Green Canada Inc., which received its cultivation license from Health Canada just a few months ago.The long-awaited announcement offered investors some “clarity” and allayed previous concerns about how concentrated the supplier list would be, said Russell Stanley, an analyst with Echelon Wealth Partners.“With a number of smaller players in there, I think it gives people some comfort that smaller producers still have a shot at getting shelf space in the country’s largest market,” he said.The Ontario Cannabis Store, the government entity tasked with distribution of legal pot for adult use, announced late Monday that it had signed more than two dozen initial supply agreements to stock up its online retail shelves.Sales of recreational cannabis on Oct. 17 will initially be available only through the OCS’ online retail channel until the province establishes a wholesale distribution network to supply pot to legal private stores by April 2019.OCS spokesman Daffyd Roderick said it conducted a “competitive procurement process” that ensures “we’ve got prices that square up against the illicit market and a broad variety of product at different price points.”“It’s a diverse array of producers, and one of the things that will do is give Ontario consumers choice,” he said.The Progressive Conservative government’s new plan to have cannabis sold through a private retail model is a contrast its Liberal predecessor’s plan for a provincial government monopoly on cannabis sales. Premier Doug Ford had said during the election campaign that he was open to private retail of cannabis, a plan his government officially confirmed earlier this month.Confirmation of Ontario’s supply deals came after several other provinces including Alberta and Manitoba had already announced agreements of their own with licensed producers.These previous agreements limited the amount of supply producers could make available for Ontario, said Grant McLeod, senior vice president of regulatory affairs for Beleave Inc., which also signed an Ontario deal.“When we had higher than anticipated orders from some of the provinces, we did seek to fill those orders,” he said. “It did in fact dictate how much was available to Ontario.”Some producers say that in the last couple of months, they have been fielding queries for more cannabis from provinces that have already inked deals.“A number of provinces are reaching out to larger licensed producers… looking for additional product,” said Greg Engel, chief executive of Organigram, which also signed a supply deal with Ontario.“Because they have concerns that companies may not be able to deliver or fulfil their commitments.”After running the numbers, these provinces have concluded that they need additional suppliers, Barry Fishman, chief executive officer of VIVO Cannabis Inc.“We’re in discussions with a few provinces that are in that situation,” he said.Meanwhile, other provinces and territories such as Saskatchewan are still expected to announce their supply agreements as analysts expect a shortage of supply on day one.Still, Ontario believes it will have enough cannabis supply for Oct. 17, said Roderick.“We’re confident that we’ve secured supply and we’re ready to go back to the market, should need be,” he said.Given the size of the Ontario market, producers say they are allocating a major amount of their production for the province in any case. For example, Organigram is allocating potentially between 35 to 40 per cent of its output for Ontario.While there will be a tight supply in the early days before producers’ expansion plans bear fruit in the coming years, Ontario will be a priority market, said Martin Landry, an analyst with GMP Securities.“Ontario will get a lot of attention from LPs, given its a big market,” he said. “If an LP wants to develop a national brand, it’s going to need to have some sort of presence in Ontario.”
VANCOUVER — Pan American Silver Corp. has signed a deal to acquire Tahoe Resources Inc. in a stock-and-cash deal it valued at more than US$1 billion.Under the friendly agreement, Tahoe shareholders will receive US$3.40 in cash or 0.2403 Pan American shares for each Tahoe share. The maximum cash available under the offer is US$275 million and there are 56 million Pan American shares available.Tahoe shareholders will also receive contingent value rights that will be exchanged for 0.0497 Pan American shares for each Tahoe share, payable on the first commercial shipment of concentrate following the restart of operations at the Escobal mine in Guatemala.Tahoe shares closed C$2.90 on the Toronto Stock Exchange on Tuesday, while Pan American shares closed at C$18.71.The deal, which is expected to close in the first quarter of 2019, requires approval by both the Tahoe and Pan American shareholders.Tahoe shareholders will hold about a 27 per cent stake in the combined company at the closing of the deal. The contingent value rights will increase that to 32 per cent, based on the number of Pan American shares outstanding following the closing of the deal. Companies in this story: (TSX:PAAS, TSX:THO)The Canadian Press
FORT ST. JOHN, B.C. – The Peace River Regional District has suspended all temporary entry permits for residents of the Old Fort subdivision until further notice.The PRRD announced on Monday afternoon that it would be issuing temporary entry permits for residents who had been out of their homes on Sunday when the evacuation order was issued, allowing them to access their homes and grab essentials such as medications, pets, food, and other supplies.The PRRD said that based on information that was given to its Emergency Operations Centre by a geotechnical engineer, the decision was made to suspend the permits due to the instability of the landslide. Scott Maxwell, the Ministry of Transportation and Infrastructure’s executive director for the Peace Region, says that Sunday’s evacuation order was issued after the initial slide that occurred on September 30th triggered several other inactive landslide areas on either side of it to reactivate, leading to increasing instability in the slopes above the community.Maxwell said that the Ministry is using a helicopter to conduct LIDAR surveys of the landslide on a daily basis to monitor the slide’s movement and direction.
New Delhi: Several parts of north India continued to reel under scorching heat on Wednesday with Jammu recording its season’s hottest day at over 40 degrees Celsius, according to the Meteorological Department.Heat wave was observed at isolated places in west Rajasthan where Sri Ganganagar became the hottest place at a maximum of 45.6 degrees Celsius. Churu, known for its extreme weather conditions, recorded a maximum of 44.5 degrees Celsius, becoming the second hottest place in the state. Also Read – 2019 most peaceful festive season for J&K: Jitendra SinghThe weather remained dry in the desert state even as Met officials warned that heat wave conditions would likely occur at isolated places in west Rajasthan during the next 48 hours. Jammu, the winter capital of Jammu and Kashmir, for the first time this season, crossed the 40 degrees Celsius. The maximum temperature recorded in Jammu was 40.1 degrees Celsius — 3.3 notches above the normal during this time of the season, a Met Department official said. Also Read – Personal life needs to be respected: Cong on reports of Rahul’s visit abroadHe said the minimum temperature in the city also continued its upward trend and settled at 25.5 degrees Celsius, which is 2.5 degrees above the normal. Residents of the national capital continued to reel under sweltering conditions with the mercury crossing the 43-degrees mark in some parts of the city. The Safdarjung observatory, recording of which is considered the official figure for the city, recorded a maximum temperature of 41.8 degrees Celsius, three notches above the season’s average, said a Met department official, adding that the minimum temperature was recorded at 23.6 degrees Celsius, a notch below the normal. The Palam observatory registered a high of 43.6 degrees Celsius. Heat wave conditions persisted in Telangana where Nalgonda sizzled with the highest maximum temperature of 45 degrees Celsius. The India Meteorological Department said heat wave conditions are very likely to prevail over some parts of the state on May 9 and May 10. It also warned that thunderstorm accompanied with gusty winds (40 to 50 kmph) and lightning are very likely to occur at isolated places over Telangana. Several parts of Himachal Pradesh reeled under scorching heat with Una recording a high of 41 degrees Celsius, the highest temperature in the Himalayan state. The maximum temperatures have increased by one to two degrees Celsius in the state during the last 24 hours, Shimla centre MeT director Manmohan Singh said. The maximum temperature was 37.7 degrees Celsius in Bilaspur, 36.4 degress Celsius in Hamirpur, 35.5 degrees Celsius in Chamba and 32.5 degrees Celsius in Solan.
See more NBA predictions NBA Things That Caught My EyeDarkest timeline!The Philadelphia Eagles will play the New England Patriots in Super Bowl 52, and New England is the slight favorite: Our Elo model gives them a 58 percent chance of winning the game and Tom Brady winning a sixth ring. The Patriots had an 18 percent chance of winning the Super Bowl at the start of the season, a figure which rose to 31 percent by the start of the playoffs. [FiveThirtyEight, ESPN]Guilty monster hears impact statementsLarry Nassar, who pleaded guilty to multiple counts of criminal sexual conduct and federal child pornography charges related to his capacity as the U.S. Gymnastics team doctor, has heard pre-sentencing from over 100 of his victims speaking out about the impact his molestation had on their lives. Still, with other topics dominating headlines, major cable networks haven’t been devoting time to the explosive story of the serial molester who worked inside the U.S. Gymnastics team for years. [Media Matters]Vikings doomed by a strength, againPrior to the Minnesota Vikings game against Philadelphia, Kyle Wagner wrote that the Vikings had historically always been doomed by that which was their perceived strength. Incidentally, the all-time third down defense which allowed third downs to be converted to first downs only 25.2 percent of the time — league best since 1991 — choked in the match against Philly, with the Eagles converting 10 of 14 thirds into firsts. [FiveThirtyEight]Try out our interactive, Which World Cup Team Should You Root For?A massive “neutral” contingent at the Olympics this yearRussia was banned from the Pyeongchang games, but Olympic Athletes from Russia were not, though they will compete under a neutral banner. An IOC panel has excluded 111 of 500 Russian athletes put forward, but of the 389 remaining competitors the neutral squad could be up to 200 Olympians, which is only a few less than the 214 who competed for Russia at Sochi. [Inside The Games]Surely Foles will also be perfect in the Super Bowl, of course.In the second half of his win against national sweethearts the Minnesota Vikings, Nick Foles had a perfect passer rating of 158.3 and a perfect QBR of 99.9. Certainly he can replicate that feat reliably to pull off the win against New England in two weeks. [Bill Barnwell]Make sure to try your hand at our fun NFL game: Can you beat the FiveThirtyEight predictions?Big Number29,993That’s how many points LeBron James has scored in his career, and with only seven points to go until 30,000 and a game against the Spurs Tuesday, he’s nearly a lock to become the fastest NBA player to score 30,000. LeBron has scored 10 or more points in his past 836 games, so I’d say it’s likelier than not, you know? [ESPN]Leaks from Slack, Sunday Night: sara.zieglerLOL, Vikings.gfoster:Super Bowl 52 may go down as the worst ever.tchow:Amazinggfoster:Line? Pats -8.5?neil:-5.5colleen:hahaha no one is going to like this super bowlPredictions NFL All newsletters See more NFL predictions Oh, and don’t forgetScrew the Empire State Building have just a little pride you citywide embarrassment. We’re launching a sports newsletter. 🏆 Join the squad. Subscribe
Sophomore guard Ameryst Alston sets up for a free throw during a game against Penn State Feb. 23 at the Schottenstein Center. OSU won, 71-62.Credit: Ritika Shah / Asst. photo editorThe Ohio State women’s basketball team came into Indianapolis having never lost a first round game in the Big Ten tournament.That trend continued with an impressive 86-77 victory against the No. 9 seed Northwestern Wildcats (15-15, 5-11) Thursday.The Buckeyes (16-17, 5-11) were once again led by first team All-Big Ten sophomore guard Ameryst Alston, who poured in a game-high 30 points. It was the fourth time she has reached the 30-point mark this season and the second time she has done so against the Wildcats — the other being during a 71-62 victory Feb. 23.OSU coach Kevin McGuff, whose career record improved to 18-7 in conference tournaments, had plenty of praise to give his star guard.“She is a really special player and a great kid and she was just so aggressive,” McGuff said in a post-game interview with the Big Ten Network’s Shelley Tills. “She is really hard to contain off the dribble and got to the rim all night.”Alston, who scored 20 of her 30 points in the second half, said it wasn’t just her doing.“I have to thank my teammates for that,” Alston said to the Big Ten Network’s Katie Witham on her 30-point performance. “They gave me the ball at the right times and the right places.”OSU also received two double-double performances from senior center Darryce Moore and senior forward Martina Ellerbe. Moore, despite fouling out, finished one point shy of her career-high as she recorded 19 points and 10 rebounds. Ellerbe tallied a career-high in rebounds, pulling down 13 boards to go along with 16 points.“Our players stayed relentless,” McGuff said. “We were really aggressive, especially in the second half.”The Buckeyes jumped out to an early lead before the Wildcats ended the first half on a 16-0 run to take a 39-35 lead into the half, culminated by a buzzer-beating 3-point shot by freshman forward Nia Coffey.Northwestern coach Jim McKeown said at the half he was happy with the way his team was playing.“We played better defense, we got out and ran and got better shots,” McKeown said.The Wildcats had four players score in double-figures, including 17 from Coffey, who also grabbed 11 rebounds. Sophomore guard Maggie Lyon recorded a team-high 23 points, on 6-18 shooting for the Wildcats in the loss.The Buckeyes will now turn their attention to the No. 1-seeded and regular season Big Ten conference champion Penn State Nittany Lions (22-6, 13-3) who defeated OSU in both regular season meetings — outscoring the Buckeyes 140-96 in the two games combined.Although OSU has not had success against the Nittany Lions this season, McGuff said his team will be ready to go Friday afternoon.“I am happy we won this one but we are going to quickly turn the page to Penn State,” McGuff said. “They have a great team, they are very well-coached, so we will have to be on our A-game tomorrow, but we are going to show up ready to play.”In order to pull the upset against Penn State, Alston said the Buckeyes will need to come out with the same intensity they had against the Wildcats.“We are going to take the energy from this game and take it to the next game,” Alston said. “We have to win the boards and that is what happened today, getting second chance shots.”“We don’t want to go home.”The Buckeyes and Nittany Lions are scheduled for a noon tipoff Friday at Bankers Life Fieldhouse in Indianapolis.
Sophomore defensive lineman Jonathon Cooper (18) during the Ohio State vs. UNLV game on Sept. 23. Ohio State beat UNLV 54-21. Credit: Ris Twigg | Former Assistant Photo EditorThe first depth chart of the season was released by Ohio State prior to the season opener against Oregon State.Notable starters include sophomore safety Isaiah Pryor, who acting head coach Ryan Day said was battling with redshirt sophomore Jahsen Wint for the starting position, but has the sole starting position in the safety position opposite junior captain Jordan Fuller.Day also labeled sophomore tight end Luke Farrell as starter, but is marked as a co-starter with redshirt junior Rashod Berry on the depth chart.Junior wide receiver Austin Mack is listed as the starter, with redshirt senior and captain Terry McLaurin at the No. 2 position.Redshirt senior and captain Parris Campbell is listed as an H-Back on the depth chart, along with redshirt junior K.J. Hill and senior C.J. Saunders.At running back, sophomore J.K. Dobbins and redshirt junior Mike Weber are listed as co-starters.On the defensive side, junior Jonathon Cooper and sophomore Chase Young will be co-starters at defensive end alongside junior and captain Nick Bosa.Redshirt junior cornerback Damon Arnette earned the starting spot over sophomore Jeffrey Okudah, though defensive coordinator Greg Schiano said they will rotate.Saunders and redshirt sophomore Demario McCall will be splitting punt returns, and McCall will be doing kick returns with redshirt senior Johnnie Dixon.Freshmen on the depth chart include right tackle Nicholas Petit-Frere, tight end Jeremy Ruckert, Brian Snead and Master Teague at running back, wide receiver Chris Olave, Tyreke Smith and Tyler Friday at defensive end, Taron Vincent and Tommy Togiai at defensive tackle and safety Josh Proctor.Ohio State will play Oregon State on Sept. 1 at 12 p.m. at Ohio Stadium.
Manchester City will play on Sunday against this “tough” rival says coach Guardiola, in what will be the Citizens first home game of the seasonManchester City opened the 2018-2019 Premier League season with a win over Arsenal last week.And now, they will host Huddersfield at Etihad Stadium on Sunday.But the Citizens’ boss Pep Guardiola doesn’t want any surprises and has warned their team about their “tough” opponent.“Last season was tough, those games,” City manager Guardiola said as reported by The National.Solskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.“They defended so well.”“They are so tough – physicality, defensively strong, good set-pieces, good throw-ins, good counter-attack, good high pressing,” he explained.“It was complicated last season and I imagine quite similar games.”“In this part of the season, all the teams, especially those with a lot of players at the World Cup, you need time – one month or a month and a half”, he added.“In this period, these kind of games are so dangerous for the players. Games like this – and Wolves, Cardiff, Fulham – I prefer these teams in October/November.”