The Farm Real Estate Economy
Farm real estate values have increased continuously from 1987 to 1998, significantly improving the financial position of many farm businesses. But for the first time in over a decade farm real estate prices have begun to fall, due in part to record breaking yields for crops and extremely low commodity prices. I believe the value of farmland has increased at too fast a pace in relationship to value of farm production and is facing a major market adjustment. The farm real estate market saw it’s last major market adjustment in the mid 1980’s (see figure 1), many operations went out of business and the banking industry lost millions. In many cases the value of the note the bank was carrying was in excess of the value of the land securing that note. Although the market adjustment I anticipate will not be as drastic as the crisis of the 80’s, I do believe many lending institutions are in place to take some serious losses if the federal government suspends it’s payments to farmers.
Farmland currently accounts for slightly over 79 percent of all farm sector assets, which now exceed $900 billion. Some 52 percent of total farm sector debt, composed of either mortgages or short or intermediate term debt are secured by farmland. Consequently, the financial security of farm sector borrowers and their lenders is affected by changes in farm real estate values.
Agricultural land values are primarily determined by the income earning potential of the land, as measured by expected returns from crops and livestock. However in many areas, nonagricultural factors are playing a greater role. Where non-farm influences are involved, farmland is often drawn out of agriculture for residential, commercial, or recreational uses. Farmland values in rapidly urbanizing areas, like the outskirts of Lincoln for example or in areas popular as recreation destinations tend to be higher than would be predicted based on agricultural returns alone.
Research has found that 10 to 20 percent of the farmland in the United States is effected by population expansion. This may seem like a small percentage of the total farmland in this country but in many instances in urban areas land is valued at five times it’s production capability, or higher. This however is not taken into consideration when valuing the real estate in the farm sector as a whole. This problem is most prevalent in the Northeast United States.
One point of Berry’s argument is that he believes that the land is falling more and more into the hands of speculators and professional people from the cities, who in spite of all the scientific agricultural miracles still have more money than farmers. Big technology and large economics has caused more abandonment of land in the country than ever before. Many of the great farmers are clearly becoming different because they lack then manpower and money to maintain properly. The number of part time farmers and ex-farmers increases every year due to the problems
No one wants to be or feel like they are overweight, unhealthy, or unattractive. When someone in the general public looks in the mirror or steps on the scale, and they are not satisfied with what is being shown, one of the first ideas to bubble to the surface is dieting. There are so many dieting solutions out there and one of the most popular are the fad diets. Dieting should be about getting healthy and losing weight in a healthy way. Fad diets however, are about losing a lot of weight in a disproportionally short amount of time. Due to the loss of weight that the dieter wanted, when they reach their goal weight, they stop doing the fad diet and go back to their regular diet. This causes the weight that they shed to be put back on again in a disproportionally short amount of time, which is also just as unhealthy. This cycle of losing and gaining weight is only one of the many dangers of fad diets.
Imagine a diet with quick weight loss, and being able to see immense results in only a few months, sounds like the life doesn’t it? Well the impossible has finally become possible with the help of special diets, otherwise known as FAD diets. FAD diets are known as weight reducing diets of extreme nature that either eliminate one or more of the essential food groups or enhance the consumption of one group of food in excess, and intend to produce results more quickly than diet-exercise combinations. One specific FAD diet is known as the Cookie diet.
The country at the time was in the deepest and soon to be longest-lasting economic downturn in the history of the Western industrialized world and this caused years of over-cultivation of wheat, because “during the laissez-faire, expansionist 1920’s the plains were extensively and put to wheat - turned into highly mechanized factory farms that produced highly unprecedented harvests” (Worster 12). ¬The farmer’s actions were prompted by the economic decline America was facing. With the economy in a recession, farmers were looking for a way to make a living and in 1930 wheat crop were becoming very popular. In 1931 the wheat crop was considered a bumper crop with over twelve million bushels of wheat. Wheat was emerging all over the plains. The wheat supply forced the price down from sixty-eight cents/bushel in July 1930 to twenty-five cents/bushel in July 1931. Many farmers went broke and others abandoned their fields, but most decided to stay despite the unfavorable
Crops such as cotton and wheat, once the sustenance of the agriculture industry, were selling at prices so low that it was nearly impossible for farmers to make a profit off them. Furthermore, improvements in transportation allowed foreign competition to materialize, making it harder for American farmers to dispose of surplus crops. Mother Nature was also showing no mercy with grasshoppers, floods, and major droughts that led to a downward spiral of business that devastated many of the nation’s farmers. As a result of the agricultural depression, numerous farms groups, most notably the Populist Party, arose to fight what the farmers saw as the reasons for the decline in agriculture. During the final twenty years of the nineteenth century, many farmers in the United States saw monopolies and trusts, railroads, and money shortages and the loss in value of silver as threats to their way of life, all of which could be recognized as valid complaints.
For a large number of obese and overweight people, a new trend is emerging that promises quick and easy weight loss, fad diets. Fad Diets are not the quick and easy fixes to weight problems that they may seem to be, in fact, they are often costly, ineffective, and even dangerous.
A police officer in the British Raj, the supposedly 'unbreakable'; ruling force, was afraid. With his gun aimed at a elephant's head, he was faced with the decision to pull the trigger. That officer was George Orwell, and he writes about his experience in his short story, 'Shooting an Elephant';. To save face, he shrugged it off as his desire to 'avoid looking the fool'; (George Orwell, 283). In truth, the atmosphere of fear and pressure overwhelmed him. His inner struggle over the guilt of being involved in the subjugation of a people added to this strain, and he made a decision he would later regret enough to write this story.
In “Shooting an Elephant” writer George Orwell illustrates the terrible episode that explains more than just the action of “shooting an elephant.” Orwell describes the scene of the killing of an elephant in Burma and reveals a number of emotions he experienced during the short, but traumatic event. Effectively, the writer uses many literary techniques to plant emotions and create tension in this scene, leading to an ironic presentation of imperialism. With each of the realistic descriptions of the observing multitude and the concrete appeal of the narrator’s pathos, Orwell thrives in persuading the audience that imperialism not only has a destructive impact on those being governed under the imperialists’ oppressive power, but also corrupts
Agricultural subsidies are a very complex and controversial economic topic today. It will continue to be a hot topic as government continues to do so. It is largely debated in the United States as well as in other countries. The reason it is so largely debated is because it literally has an effect on the entire world market. Not to mention that the farm has been booming for the last 5 to 10 years.
Our nation was founded on agriculture, and for hundreds of years we were able to migrate across the nation bringing our farming tools and techniques with us. Technology has driven populations away from rural areas towards industrialized cities. With money now being pumped into cities, rural farmers are suffering the most. Farmers are taking out large loans in order to sustain their farms, leading to debt and in some cases suicide. Patel spoke about a farmer in India whose husband took his life because he was unable to live with the amount of debt from his struggling farm. This man left his wife and chi...
Baird, Robert M., and Stuart E. Rosenbaum. The Ethics of Abortion: Pro-life vs. Pro-choice. Buffalo, NY: Prometheus, 1989. Print.
Obesity in the United States is a major issue. Because there is such a high obesity rate, there have been so many diets established to try and reduce these constantly rising rates. A lot of these weight-loss diets that have been established are known as fad diets. A fad diet is a diet that becomes popular quickly, and may die out just as quickly. In the United States, there are some popular and healthy fad diets such as the Atkins diet, the South Beach diet, and Weight Watchers.
Throughout Orwell’s literary career, he avidly stood against totalitarian and imperialistic forms of government. His two most famous works (1984 and Animal Farm) both exemplify this point, but at the same time weaken it. These two works were written in protest of those governments, but in a fictional back ground. In Orwell’s essay Shooting an Elephant, he uses a personal experience to more clearly emphasize the impact of imperialism at the sociological and psychological level, in conjunction with other literary elements. This symposium of devices help drive the purpose of his paper and ultimately creates a more substantial impact on any reader.
According to recent statistics, every year Americans spend about $50 billion on products and services promoted to help them lose weight. Many of the overweight and obese people that join commercial weight loss programs are looking for a quick fix to lose the weight, such as fad diets and dietary supplements that are marketed to burn fat fast. However, many of these diets offer little success or success for a short time, resulting in many gaining the weight back a short time afterwards. Fad diets are “a trendy practice that has widespread appeal among a population. After a period, however, people lose interest in the practice, and it becomes no longer fashionable. People often lose weight while following fad diets, but usually regain much of
The glorious days of the imperial giants have passed, marking the death of the infamous and grandiose era of imperialism. George Orwell's essay, Shooting an Elephant, deals with the evils of imperialism. The unjust shooting of an elephant in Orwell's story is the central focus from which Orwell builds his argument through the two dominant characters, the elephant and its executioner. The British officer, the executioner, acts as a symbol of the imperial country, while the elephant symbolizes the victim of imperialism. Together, the solider and the elephant turns this tragic anecdote into an attack on the institution of imperialism.