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Casual Articles - Where Did All The Farmers Go?
Saving Money With Discount Office Chairs farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies.Discount office chairs often refer to office chairs that are available for purchase at a substantial cost savings for the buyer. It is important to be an informed consumer when purchasing a discount office chair. An office chair should be made of durable material that will withstand intensive use. It is equally important to ensure that discount office chairs offer a good ergonomic design that will allow the user to remain comfortably seated for long period of time.Discount office chairs are often available through wholesalers. It is possible to avoid a hefty mark-up if you are able to buy direct. When purchasing a discount office chair make sure that it features adjustable support mechanisms that can be fine-tuned to accommodate varied body types. If possible, sit in the chair and experiment with manual adjustments prior to purchasing it. Be sure to obtain a copy of the instruction manual and read it thoroughly to learn how to use all of the adjustment mechanisms. If any of the adjustment mechanisms are defective or if the chair is uncomfortable, do not purchase it.It is important to ensure that quality is not compromised when purchasing a discount office chair. There are many cheap office chairs that, at first glance, appear to be a great deal. Cheap office chairs are often poorly constructed or made from substandard materials. They may not possess the adjustment mechanisms that are necessary to ensure a proper fit for individual body types. Cheap office chairs may not offer adequate lumbar support, and may even create back problems.In choosing to make a selection among discount office chairs, know what features you are looking for ahead of time. Make sure that the chair is a correct fit for your individual body type. Verify that the chair is constructed of durable, high quality materials. If the chair doesn’t feel sturdy or the adjustment mechanisms seem flimsy, it would be a wise decision to make your purchase elsewhere. Remember not to compromise your comfort or safety just for the sake of a bargain. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while t Dental Jobs Several times a year, I hear someone complain about the development of farm land in our area. These complainers consider it a crime that so much of our farm land has been converted to housing, business, shopping, etc. They seem to consider the farmers and developers to be criminals.To become a dentist, an individual must go to a medical college like regular medicine students and specialize in dentistry. Dentistry is the science that deals with the prevention and cure of diseases and ailments related to the teeth and mouth. However, many people who educate themselves in dentistry think that they can only practice as a dentist. However, there is a whole range of opportunities in this field. Dentistry has a variety of jobs within the field and in fact, there is a great demand for these qualified peopleDentists can also explore fields other than the regular practice of dentistry like dental counseling. Dental counselors are hired by many schools, offices and companies, and they practice autonomously as well, giving people valuable advice on dental care. There are many dental organizations that conduct dental camps to give offices, schools and colleges routine dental check-ups, and these can be wonderful places for a dentist to work other than in the confines of a clinic. Apart from this, there are also dental surgeons that specialize in specific areas of dentistry. Dental surgeons are in high demand. With a few years of higher education, a dentist can easily specialize in a particular field in dentistry like denture science or dental cavities or oral cancer.There are also jobs as assistants to practicing dentists for those who are students and are looking fro internship and learning experiences with experienced dentists. One can also choose to be a dental nurseNo matter what the nature of the job is within the field, it always requires prior education in the field of dentistry and a keen interest in teeth. If you want to know why so many farmers have sold out to developers, allowed the land to grow houses instead of crops and left the farm life that their families enjoyed for generations – read on. Do you know why more and more farms are growing houses, stores and filling stations instead of cows, corn and potatoes? Do you know where the farmers went? Well, my father and I are farmers that left the farm. Most of our neighbors have too. Most of us still live in the area; we just don’t farm any more. Few people understand the farming they espouse as so charming and worthy. It was long hours, hard work and little or no pay. Most farmers had less money at the end of the year, after expenses, than those who clerked in stores. Some years the earnings were less than costs, too many years in fact where even the best farmers lost money and had to sell land to survive. Although entire farms were lost in the great depression of the Thirties; in the Seventies, Eighties and Nineties, most farmers had to sell of lots and acreage for homes and development, even though they worked to exhaustion every hour they could and applied every possible correct business practice. Even the most prosperous farms in Delaware, such as the Townsends with all their tens of thousands of acres, have not retained the younger generations of the Townsend family to work in the agribusiness. Farming is hard work. The hours can be even longer today than 50 years ago, with equipment maintenance, constant seminars on chemicals, land use, improved techniques and hours of record keeping, computer work, reading professional publications, etc. Not only do farmers still need to rise before the sun to tend the land and animals, but they must work into the evening hours on the business techniques and applications. Profit margins are slimming by the year and not nearly worth the risk according to more and more farmers. There is seldom a farmer’s son or daughter who wants the farm life instead of the shorter hours, reduced stress, far lower risk and far higher pay of urban work and life. More and more farmers are changing farms into recreational, entertainment and tourist attractions to pay the bills that crops won’t pay. Corn mazes bring in more money and far more profit than harvested corn, shelled corn or corn meal. Dairy farming as entertainment for urban tourists is far more profitable than dairy farming as agriculture. Blueberry farms are not sustainable in most areas, with rising labor costs, unless they become U-Pick entertainment berry farms, with all manner of fruit pies, blueberry muffins and berry twig Christmas wreaths. You will see more and more farms become entertainment, destination, and recreation farms in years to come – or you will see houses grow on the land instead. Even many cattle and horse farms sustain themselves by charging people hundreds or thousands of dollars to come shovel manure, castrate bulls, brand calves, or do the cowboy roundups that were once the jobs of people who got paid to do the work. Dad stopped farming twenty years ago and says he should have stopped ten years before that. He was an award winning farmer and a superb businessman. He usually produced as much on each acre as ordinary farmers did on dozens or even a hundred acres. Dad learned to grow healthy corn with stalks just an inch or so apart when others had the corn one, two, or even three feet apart. Some of our most productive farm land is now better suited for concerts, “Punkin Chunkin” exhibitions, lacrosse camp, baseball training, model airplane flying and other varied recreational uses for the land where I grew up farming, pulling weeds, driving cattle and riding in rodeos in the off season. Even Dad’s productivity and his prudent management, did not earn the return farming that any other business had to earn to stay viable. Dad has owned and managed a few dozen other businesses and farming is the only one he had to abandon, although he loved it most. The risks of weather, market forces and government capriciousness have been and continue to be incredibly high. A farmer producing more and more per acre with each decade is a trend that continues; keeping farm products at the cheapest levels in history. Part of the reason for our wonderful prosperity is that food takes such a small part of anyone’s income now. Fifty years ago, food took about 25% of an average family’s income. A hundred years ago, 50% of an average family’s income often went to food, if they were not farmers themselves. And five hundred years ago, many families could barely eat with the earnings they made. Before that most of what a family did was often based on getting enough food to eat. We have come a long way, with plentiful supplies of fruit, vegetables, protein and all manner of healthy food available for even the most poor usually. We should thank the American farmer for that! Most of Dad’s land is sold and he has neighbors now; folks who have bought lots or acreage and built nice homes. He continues to buy more land today, but not for farming. The developments of Covey Creek, Cave Colony, Cool Spring Farms, Lazy Lake, Overbrook Shores, Eagle Crest and Cripple Creek are on parts of our farm or on property we bought from neighboring farmers and developed. From the age of about 21, I helped with the sales and marketing of those developments. There are many other farmers who no longer farm, yet we American Farmers grow far more food than we need on the fewer acres. In fact American farmers grow so much food of all kinds that we export our crops to nearly every other country on earth and still drive prices down with oversupply. American agribusiness needs less and less acreage to support the growing population of the world. This ever increasing supply of agrifood, far outstrips demand. Farm prices, to the farmer, are tiny fractions of what they were in any past time. Most of the cost of groceries is due to packaging, advertising and distribution. In dollars adjusted for time; the price of food today, and the money to the farmer, is less than 10% of what it was a hundred years ago. There is more than enough food to feed every person on earth and make them fat like we Americans are. There are substantial problems with transportation, distribution, and political systems but we could feed, clothe and shelter the world on FAR less acreage than we have in production today. We even have the silly, actually insane, habit of paying farmers to not farm in our country. We take tax money from everyone, including all farmers, and pay thousands of farmers to not grow crops, animals and trees. I’m personally NOT farming about 500 trillion acres of farm land – I wish the federal government would pay me what they owe me… J In the late 70s our government climaxed decades of federal laws, policies and financial changes aimed at the decimation and destruction of American farming. Whether the aims were intentional or not is debated. There were interest increases on farm loans from 5% to over 23% on loans that were guaranteed to be fixed rates, during the Seventies, and this devastated the farmer. The federal and state governments, during this same time, added highway taxes to fuels for the tractors, combines and irrigation pumps – to help keep the price of automobile gas lower. Diesel fuel to the farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while ta Workflow 101: The Art Of Automation t only do farmers still need to rise before the sun to tend the land and animals, but they must work into the evening hours on the business techniques and applications.Workflow refers to the operational portion of a work procedure. It has several aspects: how tasks are structured, who performs them, what their relative order is, how they are synchronized, how information flows to support the tasks and how tasks are being tracked.In business, particularly, workflow is concerned with scheduling task executions, ensuring dependencies.In traditional terms this means moving the paper, processing the order, issuing the invoice. It could also mean filling the order from the warehouse, assembling documents, parts, tools, and people to repair a complex system, or manufacturing the complex device.In the last 15 years, tools that manage workflow have been developed. More than just procedural documents, workflow process is defined formally in a workflow computer system. The process is managed by a computer program that assigns the work, passes it on, and tracks its progress.That’s why today, workflow also refers to the automation of a business process, in whole or part, during which documents, information or tasks are passed from one worker to another for action, according to a set of procedural rules.Through the years, workflow software products, like other software technologies, have evolved greatly. Some workflow software have evolved to image management systems, document management systems, relational or object database systems, and electronic mail systems.Software developers who have developed pure workflow offerings have invented terms and interfaces, while vendors who have evolved products from other technologies have often adapted terminology and interfaces.Each approach offers a variety of strengths from which a user can choose. Adding a standard based approach allows a user to combine these strengths in one infrastructure.Below are the benefits of workflow:Workflow brings improved efficiency. Automation of many business processes results in the elimination of many unnecessary steps.Workflow brings better process control. It improves management of business processes.Workflow brings improved customer service which leads to greater predictability in levels of response to customersWorkflow brings flexibility.Workflow brings business process improvement which leads to their streamlining and simplificationWith a workflow management system, work doesn’t get misplaced or stalled, expediters are rarely required to recover from errors or mismanagement of the work.With workflow, the managers can focus on staff and business issues, such as individual performance, optimal procedures, and special cases, rather th Profit margins are slimming by the year and not nearly worth the risk according to more and more farmers. There is seldom a farmer’s son or daughter who wants the farm life instead of the shorter hours, reduced stress, far lower risk and far higher pay of urban work and life. More and more farmers are changing farms into recreational, entertainment and tourist attractions to pay the bills that crops won’t pay. Corn mazes bring in more money and far more profit than harvested corn, shelled corn or corn meal. Dairy farming as entertainment for urban tourists is far more profitable than dairy farming as agriculture. Blueberry farms are not sustainable in most areas, with rising labor costs, unless they become U-Pick entertainment berry farms, with all manner of fruit pies, blueberry muffins and berry twig Christmas wreaths. You will see more and more farms become entertainment, destination, and recreation farms in years to come – or you will see houses grow on the land instead. Even many cattle and horse farms sustain themselves by charging people hundreds or thousands of dollars to come shovel manure, castrate bulls, brand calves, or do the cowboy roundups that were once the jobs of people who got paid to do the work. Dad stopped farming twenty years ago and says he should have stopped ten years before that. He was an award winning farmer and a superb businessman. He usually produced as much on each acre as ordinary farmers did on dozens or even a hundred acres. Dad learned to grow healthy corn with stalks just an inch or so apart when others had the corn one, two, or even three feet apart. Some of our most productive farm land is now better suited for concerts, “Punkin Chunkin” exhibitions, lacrosse camp, baseball training, model airplane flying and other varied recreational uses for the land where I grew up farming, pulling weeds, driving cattle and riding in rodeos in the off season. Even Dad’s productivity and his prudent management, did not earn the return farming that any other business had to earn to stay viable. Dad has owned and managed a few dozen other businesses and farming is the only one he had to abandon, although he loved it most. The risks of weather, market forces and government capriciousness have been and continue to be incredibly high. A farmer producing more and more per acre with each decade is a trend that continues; keeping farm products at the cheapest levels in history. Part of the reason for our wonderful prosperity is that food takes such a small part of anyone’s income now. Fifty years ago, food took about 25% of an average family’s income. A hundred years ago, 50% of an average family’s income often went to food, if they were not farmers themselves. And five hundred years ago, many families could barely eat with the earnings they made. Before that most of what a family did was often based on getting enough food to eat. We have come a long way, with plentiful supplies of fruit, vegetables, protein and all manner of healthy food available for even the most poor usually. We should thank the American farmer for that! Most of Dad’s land is sold and he has neighbors now; folks who have bought lots or acreage and built nice homes. He continues to buy more land today, but not for farming. The developments of Covey Creek, Cave Colony, Cool Spring Farms, Lazy Lake, Overbrook Shores, Eagle Crest and Cripple Creek are on parts of our farm or on property we bought from neighboring farmers and developed. From the age of about 21, I helped with the sales and marketing of those developments. There are many other farmers who no longer farm, yet we American Farmers grow far more food than we need on the fewer acres. In fact American farmers grow so much food of all kinds that we export our crops to nearly every other country on earth and still drive prices down with oversupply. American agribusiness needs less and less acreage to support the growing population of the world. This ever increasing supply of agrifood, far outstrips demand. Farm prices, to the farmer, are tiny fractions of what they were in any past time. Most of the cost of groceries is due to packaging, advertising and distribution. In dollars adjusted for time; the price of food today, and the money to the farmer, is less than 10% of what it was a hundred years ago. There is more than enough food to feed every person on earth and make them fat like we Americans are. There are substantial problems with transportation, distribution, and political systems but we could feed, clothe and shelter the world on FAR less acreage than we have in production today. We even have the silly, actually insane, habit of paying farmers to not farm in our country. We take tax money from everyone, including all farmers, and pay thousands of farmers to not grow crops, animals and trees. I’m personally NOT farming about 500 trillion acres of farm land – I wish the federal government would pay me what they owe me… J In the late 70s our government climaxed decades of federal laws, policies and financial changes aimed at the decimation and destruction of American farming. Whether the aims were intentional or not is debated. There were interest increases on farm loans from 5% to over 23% on loans that were guaranteed to be fixed rates, during the Seventies, and this devastated the farmer. The federal and state governments, during this same time, added highway taxes to fuels for the tractors, combines and irrigation pumps – to help keep the price of automobile gas lower. Diesel fuel to the farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while t How to Make Loyal Employees, Keep Them and Make Them Happy camp, baseball training, model airplane flying and other varied recreational uses for the land where I grew up farming, pulling weeds, driving cattle and riding in rodeos in the off season.Let me make it clear and simple for you, if you don’t believe that people/humans (employees) are the most important resources in your business, your business will be doomed to failure. You will find yourself working in your own business without anybody’s help for a long time.Yes, your employees are people, they are humans and you want to talk to them like they are people (human), you want to treat them with respect like you give respect to a human being, they want to be appreciated and recognized for their accomplishments, they want to be accepted and feel like they are contributing to the success of your business or organization.As a business leader, you probably already learned that one of the hardest things to do in business is to work with people. That’s why leadership and communication skills are so crucial in order to run a successful business.I went to a doomed Chinese restaurant in Simi Valley, CA. The owners worked in the business themselves. They were rude and crude, not only to their customers, but to their employees. They yelled and screamed at their employees like they shouted at animals. Most of their employees left their business, so they no longer had employees working for them. The restaurant is still there today, but I never see any employee stays longer than a month or two. I no longer go to this restaurant anymore because the owner has no respect toward his customers or employees.On the other hand, I love to go to another restaurant in Simi Valley, CA. It’s a Japanese restaurant; the owner of the restaurant knows how to give respect and appreciation to his employees. When I talked to his employees, every one of them told me great things about him. How nice he is, how considerate he is and how much he cares about his employees’ well being. He has a lot of loyal employees working for him and I can tell that his business is growing very well.He doesn’t have to be there all the time to run the business, because he trusts his employees who are loyal to him to run his business. When I talked to the owner of the restaurant, I learned that he has had working experience in leadership position in the past. He is very generous and he respects his customers and employees. Even if I have to drive all the way from home to eat at this restaurant, I will drive 30 minutes to go there because I would rather spend my money there, because they value my business.It doesn’t matter whether you have a restaurant business or a computer business, if you don’t know how to treat your employees and customers with respect, they will go away, and you will end up running your own business day and night, Even Dad’s productivity and his prudent management, did not earn the return farming that any other business had to earn to stay viable. Dad has owned and managed a few dozen other businesses and farming is the only one he had to abandon, although he loved it most. The risks of weather, market forces and government capriciousness have been and continue to be incredibly high. A farmer producing more and more per acre with each decade is a trend that continues; keeping farm products at the cheapest levels in history. Part of the reason for our wonderful prosperity is that food takes such a small part of anyone’s income now. Fifty years ago, food took about 25% of an average family’s income. A hundred years ago, 50% of an average family’s income often went to food, if they were not farmers themselves. And five hundred years ago, many families could barely eat with the earnings they made. Before that most of what a family did was often based on getting enough food to eat. We have come a long way, with plentiful supplies of fruit, vegetables, protein and all manner of healthy food available for even the most poor usually. We should thank the American farmer for that! Most of Dad’s land is sold and he has neighbors now; folks who have bought lots or acreage and built nice homes. He continues to buy more land today, but not for farming. The developments of Covey Creek, Cave Colony, Cool Spring Farms, Lazy Lake, Overbrook Shores, Eagle Crest and Cripple Creek are on parts of our farm or on property we bought from neighboring farmers and developed. From the age of about 21, I helped with the sales and marketing of those developments. There are many other farmers who no longer farm, yet we American Farmers grow far more food than we need on the fewer acres. In fact American farmers grow so much food of all kinds that we export our crops to nearly every other country on earth and still drive prices down with oversupply. American agribusiness needs less and less acreage to support the growing population of the world. This ever increasing supply of agrifood, far outstrips demand. Farm prices, to the farmer, are tiny fractions of what they were in any past time. Most of the cost of groceries is due to packaging, advertising and distribution. In dollars adjusted for time; the price of food today, and the money to the farmer, is less than 10% of what it was a hundred years ago. There is more than enough food to feed every person on earth and make them fat like we Americans are. There are substantial problems with transportation, distribution, and political systems but we could feed, clothe and shelter the world on FAR less acreage than we have in production today. We even have the silly, actually insane, habit of paying farmers to not farm in our country. We take tax money from everyone, including all farmers, and pay thousands of farmers to not grow crops, animals and trees. I’m personally NOT farming about 500 trillion acres of farm land – I wish the federal government would pay me what they owe me… J In the late 70s our government climaxed decades of federal laws, policies and financial changes aimed at the decimation and destruction of American farming. Whether the aims were intentional or not is debated. There were interest increases on farm loans from 5% to over 23% on loans that were guaranteed to be fixed rates, during the Seventies, and this devastated the farmer. The federal and state governments, during this same time, added highway taxes to fuels for the tractors, combines and irrigation pumps – to help keep the price of automobile gas lower. Diesel fuel to the farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while t Reverse Merger, IPO Or Direct Public Offering (DPO), Which One Is Right For You?
A direct public offering is when a company raises capital by selling its shares directly to what is refer to as affinity groups, unlike an IPO which are sold by a broker dealer to its customers and the general public through other broker dealers who have customers interested in buying shares in the company.In IPO’s you have a firm commitment underwriting, where the underwriters promise to purchase the securities for their own account if they can not sell them to customers.Best-effort underwriting: The underwriters do not guarantee any specific number of shares to be sold, they merely act as brokers.In an IPO the lead underwriter is refer to as the syndicate manager, he keeps the book and invites other broker dealers to join the syndicate. In an firm commitment underwriting, an eastern underwriters agreement makes members liable for any unsold securities, regardless of how much of their allotment they sold. The eastern underwriting agreements have joint and several liability.A western underwriting a agreement: In a firm commitment underwriting, it makes underwriters liable severally but not jointly. If one syndicate member can not sell its entire allotment, only he must buy the unsold securities.In a direct public offering the company sells the shares to affinity groups, who fall in this category? Customers, suppliers, distributors, friends, employees and other members the community.In a direct public offering the company place its shares in the hand of those people who are familiar with the company and know the company’s product and management, and are most likely to hold the shares longer because they feel comfortable with the company’s prospects for the future.Direct public offerings are considerably less expensive than IPO’s and most effective for smaller offerings, for large offerings the sales staff and customer base of a broker dealer are usually necessary.Since the affinity group is already familiar with the company and its practices it doesn’t put pressure on the company to change the way it does business, and will remain loyal to the company because of it’s presence in the community.DPO’s are preferable to venture capital financing because it allows the present management to execute its business plan without outside interference. When a small company turns to a single large investor they tend to surrender the freedom to make all the decisions.In a DPO like other method of going public today audited financial statements are required, unlike a reverse merger you choose your shareholders and you don’t have to deal with shady, unscrupulous shell owners.mers grow far more food than we need on the fewer acres. In fact American farmers grow so much food of all kinds that we export our crops to nearly every other country on earth and still drive prices down with oversupply. American agribusiness needs less and less acreage to support the growing population of the world. This ever increasing supply of agrifood, far outstrips demand. Farm prices, to the farmer, are tiny fractions of what they were in any past time. Most of the cost of groceries is due to packaging, advertising and distribution. In dollars adjusted for time; the price of food today, and the money to the farmer, is less than 10% of what it was a hundred years ago. There is more than enough food to feed every person on earth and make them fat like we Americans are. There are substantial problems with transportation, distribution, and political systems but we could feed, clothe and shelter the world on FAR less acreage than we have in production today. We even have the silly, actually insane, habit of paying farmers to not farm in our country. We take tax money from everyone, including all farmers, and pay thousands of farmers to not grow crops, animals and trees. I’m personally NOT farming about 500 trillion acres of farm land – I wish the federal government would pay me what they owe me… J In the late 70s our government climaxed decades of federal laws, policies and financial changes aimed at the decimation and destruction of American farming. Whether the aims were intentional or not is debated. There were interest increases on farm loans from 5% to over 23% on loans that were guaranteed to be fixed rates, during the Seventies, and this devastated the farmer. The federal and state governments, during this same time, added highway taxes to fuels for the tractors, combines and irrigation pumps – to help keep the price of automobile gas lower. Diesel fuel to the farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while t What is Accounts Receivable Factoring? farmer was 12 cents in early 1976 and was pushed to $1.35 by the end of the year with government taxes and policies.Do you have clients that take up to 60 days to pay their accounts receivable? Waiting months to get paid for your invoices can wreak havoc in your company’s cash flow, especially if you have to meet payroll, pay suppliers and pay rent. But what happens if your business can’t wait to get paid because it must meet its obligations?One solution to this problem has been gaining popularity recently. It’s called accounts receivable factoring and it allows you to turn your slow paying receivables into cash, almost immediately. It works by selling your receivables to a factoring company, who in turn, pays you on the spot. This provides you with the necessary cash flow to pay suppliers, rent and salaries.Selling your receivables to a factoring company is relatively simple. It can be done with a 3-step process:You deliver goods/services and issue an invoiceYou sell the invoice to the factoring company who advances the first installment you up to 90% for them. The average advance is 80%.Once your client pays the invoice, the factoring company rebates the remaining installment, less a small fee (installment #2)As opposed to other financing products, accounts receivable factoring is easy to obtain and can be setup in a week or so. A critical benefit of a/r factoring is that the financing companies make their credit decision based on your clients. So, accounts receivable factoring is an ideal tool for small and medium sized businesses who cannot obtain bank financing but have a roster of solid customers. This sudden increase of roughly a thousand percent in fuel costs was not any concern to our car driving public or the politicians – after all the farmers are not a major power at the polls and are too independent to organize. Interest rates on home mortgages stayed the same, but rates on farms and farmers homes and equipment went up by the week and month. You may remember Willey Nelson’s Farm Aide programs, in the Eighties, which still exist, and that were designed to help keep some family farms from bankruptcy. As far as the evils of development here in the Delaware beach area: Usually those who are most outspokenly opposed to development are usually those who have greatly gained from it financially. These objectors are enjoying the fruits of our economy as newcomers or they are at times members of the old guard whose properties have multiplied in value as a result of prosperity brought to us by the purchases, expenditures, and contributions made possible by those other newcomers and tourists, who’ve come to visit or join us. Many objectors have retired here with money from urban jobs or have jobs here in some tourist related or supported business or live in homes that are only possible because of the developments they scream against. Some anti-development folks feel the farmers OWE them the land to use and view freely and without responsibility. I see that all the time. In fact there are some people who trespass on farmer’s land to hunt, exercise their dogs, dig up plants, pick produce, play, or anything else they want to do as though it’s public property. Some don’t see anything wrong with trespassing, even after being told not to do so. There are many people who want others to NOT use the land they own or use it in a certain way for the public good – while taking only the responsibility to loudly object not usually to help come up with energy, work or money to retain or regain what they love. Some people just demand the free and irresponsible enjoyment of the fruits of others labors and risks. Requiring a person use his personal property, or not use it according to the wishes of others is a form of trespassing, a form of Communist Theory, everything belongs to everyone thinking. And, yes most of those whose objections are loudest are Marxists in fact or at heart. Most will admit that in private when there is no fear of exposure. Marxism hasn’t worked anywhere. Russia is now a free market while we are taking on the unworkable principles of socialism that decimated her. Farmers bought land and equipment, most often with borrowed money, to feed the world – feed the world being the cry of the socialistic democracy then and now. However, that contract our government made with the USSR, China and parts of Europe was violated as a political lever, after the farmers had grown the crops and bought new equipment, with long term loans. There was no place to sell the crops and nothing profitable to do with the land. The federal government seemed to purposely push our independent farmers into the abyss of bankruptcy. Then outspoken non-farmers – so called environmentalists, encouraged all sorts of additional actions and policies to bring down the farming community all over this nation, and they still do. These are the same socialist democrats that want to feed the world free and stop the farmers from developing the land into homes and businesses. These same socialist democrats that hate all that farmers can do want the farmers to keep the farms so they can see the pretty rows of crops and spacious expanses of well kept land. Getting back to the orchestrated annihilation of American farmers; they had to borrow money to stay in business, some of them for the first time and the loans were first emergency government sponsored loans supported by tax dollars at 3-6% for farm credit and production loans. Some loans even began at 1-2% for putting in soybeans, corn and wheat and the purchase of the expensive harvesting and storage equipment. The prices again forced up to sky high levels for these crops on the futures market as we had contracted to feed the world for decades and the world wanted to be fed more than we could produce. The Feds then stepped in and increased the interest on the fixed interest farm loans a step at a time (just as they were doing the residential loans for homes) very quickly, over less than two years the rates went from less than 7% to 28% -- some even peaked at 32%. Farmers had obtained loans for up to 33 years at rates as low as 2% and they were going up in rate by sometimes 3% per month. The loans had been made at fixed rates. Many of the loans had annual payments tied to crop harvest sales and incomes. The predicted incomes were down to nothing. Many farmers just left the crops in the field as the harvested value was less than the cost of harvest. So as the fixed loan rules where changed and the loans increased by the week at times, in violation of the banking contracts. The farm prices plummeted as a result of the violations of our contracts with other nations to feed them. Remember the late 60s and then the deadly 70s and the bankrupting of farmers across this country. Remember Willie Nelson and his Farm Aid music concerts to try and help the farmers, in the final days and weeks. Farmers across the country took other jobs, sold the edges of their farms as lots, sold less productive farms to developers or became developers in some cases. In too many cases they just quietly went out of business and the farms went fallow. Simultaneously, there were no farm jobs to be had, the farms had become mechanized as every farmer was struggling to stay in business, labor was replaced with low-labor crops and we were stuck with the growing of these crops. People who had owned land for generations no longer had any farmers who wanted to rent the land at worthwhile prices. Some went to share cropping and found that half of the proceeds were nothing and didn’t pay the land tax. There went most of the potato, tomato, carrot, beet, sweet corn, pea, lima bean, radish, squash, pumpkin, blueberry, strawberry, fig, peach, apple, cherry, asparagus, beef, goat, dairy, hog and alfalfa farms we knew. There went about 70% of the farmers. Larger farmers became hyper-productive, specialized in one low labor crop or two, became more mechanized, cleared the trees from every available acre, planted the crops closer together, used more fertilizer and insecticides and got into other businesses to try to get more productivity from every acre and raise outside income. Migrant laborers to help on the farms disappeared. Some stayed for a while in the canneries and then the canneries were closed. The ones that stayed open till the last did so by not paying the bills even if the cannery was inherited debt free. Some farmers became insurance agents, bankers, liquor store owners, Amway salesmen, mechanics, tractor salesmen, stock brokers, politicians, teachers, etc. to help support the farm. Many signed the criminally one-sided chicken contracts with Perdue – there was nothing else they could do and keep the farm. They had to make changes whether they liked it or not. Farm kids went to the city for jobs. Little stores and in some cases little towns closed as less people lived on the few farms that remained. Some places stayed alive such as this area. Muskrat trapping on the thousands of acres between Rehoboth and Fenwick Island that Phil and Ruddy had trapped for years was no longer profitable. The farms on Rt. One were no longer possible as the huge new equipment gradually couldn’t be moved easily on the ever more crowded roads. More city folks, many of whom had grown up in rural areas and had to move to the city for jobs and income, needed some space, to get away from it all, and many chose this area. They still do. Some wanted to stay here, they still do. I have sold real estate in areas where development did not occur. I’ve seen towns closed, several of them, in western Virginia, West Virginia, Kentucky, Tennessee, Ohio, etc. I’ve seen millions of acres of farm and pasture land go unkept and grow up in first weeds and briars and then volunteer juniper and cedar; some of it on Rt. One. I’ve seen land values for farm land go from auction sales of $7,000 per acre in large farms right before the grain embargo to China and Russia to less than $1,400 a couple of years later. Some farmers, many farmers sold off lots or entire farms to stay afloat. I’ve seen 686 acres of rich river bed, bottom land, fertile ground that was sold for $300 an acre just after the Civil War, be sold again in the late 70s for $700 an acre – the loss in real dollars as they say, about 90% of value. The reason, farming the bottom lands of riverbed soil in West Virginia was no longer profitable. And no farmer would buy the land. I sold it to a city fellow as a retreat. He sold it again as there was no way he could leave the city and come to his retreat and earn a living anywhere near there. Another fellow bought it and developed it for those who wanted smaller acreage, along the river to vacation, hunt and fish. You see, no one could make a living here in farming. Remember all the dairy farms that used to dot the county? Remember the vegetable farms and orchards and hay farms? You may know the owners. Most of them had to become developers or sell off the land. There are few farms left here for economic reasons. The Hopkins still ha
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