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Forbes· 2025-11-08 16:11
Brian Tate spent most of his twenties as a professional poker player. By the time he retired from the scene at 29, he claimed to have banked nearly $10 million in winnings. That’s when he started dreaming up his next big score: oats. https://t.co/3U85XG7s39https://t.co/3U85XG7s39 ...
FLINT Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 22:00
Core Insights - FLINT Corp. reported a significant decline in revenue for the third quarter of 2025, with revenue of $148.8 million, down 29.7% from the same period in 2024, attributed to market softness and timing of construction work [4][9][10] - The company completed a transformational recapitalization transaction in Q3 2025, which is expected to enhance its strategic initiatives and long-term success by reducing debt obligations and optimizing capital structure [3][17] - Despite the revenue decline, FLINT achieved a gross profit margin of 11.8% and an adjusted EBITDA margin of 6.2%, indicating effective cost control measures [4][7][10] Financial Performance - Revenue for the three months ended September 30, 2025, was $148,793, compared to $211,594 in 2024, reflecting a decrease of 29.7%. For the nine months, revenue was $434,976, down 16.9% from $523,379 in 2024 [6][9] - Gross profit for Q3 2025 was $17,487, a decrease of 26.4% from $23,757 in Q3 2024, while gross profit margin improved to 11.8% from 11.2% in the same period last year [10][11] - Adjusted EBITDAS for Q3 2025 was $9,243, down 31.2% from $13,433 in Q3 2024, with an adjusted EBITDAS margin of 6.2% [8][12] Cost Management - Selling, general and administrative (SG&A) expenses for Q3 2025 were $7,817, down 28.5% from $10,934 in Q3 2024, reflecting reduced personnel and professional fees [11][12] - SG&A expenses as a percentage of revenue were 5.3% for Q3 2025, slightly up from 5.2% in the same period last year, indicating consistent cost management [11] Liquidity and Capital Resources - As of September 30, 2025, FLINT had liquidity of $109.5 million, a significant increase of 125% from $48.6 million in the same period of 2024 [7][14] - The company has an asset-based revolving credit facility with a maximum borrowing capacity of $50 million, maturing on April 14, 2030 [14] Corporate Updates - The recapitalization transaction completed on September 23, 2025, involved a 1-for-40 share consolidation and settlement of senior secured notes, significantly reducing debt and annual interest expenses [17] - The company anticipates that its liquidity and cash flows will be sufficient to meet short-term obligations through September 30, 2026 [15]
Tianrong Medical Group Inc. (OTC:TNMD) and Community Redevelopment Inc. (OTC:CRDV) Announce 99-Year Lease Acquisition for 2,000-Acre Resort and Eco-Development Project in The Bahamas
Accessnewswire· 2025-11-04 13:30
Core Insights - Tianrong Medical Group Inc. has entered into a 99-year Lease Acquisition and Development Agreement with Community Redevelopment Inc. for a significant development project in The Bahamas [1] Company Summary - The agreement allows Tianrong Medical Group and Community Redevelopment Inc. to jointly lease approximately 2,000 acres of prime beachfront and farmland [1] - The project aims to develop a landmark resort, wellness, eco-tourism, and agricultural initiatives [1] Industry Summary - The collaboration highlights a growing trend in the tourism and wellness sectors, particularly in eco-tourism and sustainable development in the Caribbean region [1]
全球利率、大宗商品、货币与新兴市场Global Macro Outlook and Strategy presentation_ Global Rates, Commodities, Currencies and Emerging Markets
2025-10-31 00:59
Summary of Key Points from the Conference Call Industry Overview - **Global Macro Outlook**: The call discusses the macroeconomic environment, focusing on US rates, international rates, commodities, currencies, and emerging markets [3][4][8][11][13]. Key Insights and Arguments US Rates - **Interest Rate Forecast**: An earlier end to Quantitative Tightening (QT) is expected to lead to modestly lower yields and a flatter yield curve. The forecast maintains a bearish bias on duration due to rich valuations, with a recommendation to hold 5s/20s steepeners [3][19][22]. - **Future Cuts**: The Federal Reserve is projected to implement three further cuts by 1Q26, with the effective funds rate expected to drop to 3.25-3.5% [11][13][28]. International Rates - **Mixed Movements**: Developed market (DM) rates have shown mixed movements, with a neutral stance on Euro duration and a tactical position on UK rates [4][46][44]. - **UK Strategy**: A tactical pay on 1Yx1Y SONIA is recommended, with a bearish bias on 10Y gilts due to potential market disappointment regarding fiscal policy [56][57]. Commodities - **Oil Market Dynamics**: Sanctions on Russian oil are expected to stabilize export flows but narrow profit margins due to increased logistical complexities. Russian crude exports may stabilize despite a decline in Indian imports [8][90]. - **Gold Forecasts**: Investor demand for gold is projected to average around 566 tonnes per quarter in 2026, with prices expected to reach an average of $5,055/oz by 4Q26 [8][100]. Currencies - **Bearish USD Outlook**: A bearish view on the USD is supported by softening US data and concerns over Fed independence. The outlook for USD/JPY is under review, with potential implications from the upcoming Bank of Japan meeting [68][74][78]. - **Emerging Market Currencies**: The recommendation is to stay overweight on EM FX, with a cautious approach to EM rates [8][28]. Emerging Markets - **Growth and Inflation**: The outlook for emerging markets has improved, with less downside expected in growth and inflation. The recommendation is to maintain an overweight position in EM rates and FX while moving EM sovereigns back to a market weight [8][28]. Additional Important Insights - **Funding Gaps**: A large funding gap is anticipated to emerge in FY26, with coupon auction sizes expected to increase starting in November 2026 [29][32]. - **Foreign Demand**: Demand from foreign investors remains weak, with expectations of a shift towards more price-sensitive investors, which may keep long-term yields anchored at higher levels [39][41]. - **Copper and Aluminum Prices**: Bullish forecasts for copper prices are expected to reach $12,000/mt in 1Q26 due to supply disruptions, while aluminum prices are projected to push towards $3,000/mt [99]. This summary encapsulates the critical points discussed in the conference call, providing insights into the macroeconomic landscape, interest rate forecasts, commodity dynamics, currency strategies, and emerging market outlooks.
IDACORP(IDA) - 2025 Q3 - Earnings Call Transcript
2025-10-30 21:30
Financial Data and Key Metrics Changes - IDACORP's diluted earnings per share increased to $2.26 in Q3 2025 from $2.12 in Q3 2024, with year-to-date EPS rising to $5.13 from $4.82 [3][4] - Net income for Q3 2025 rose by $10.8 million compared to Q3 2024, primarily driven by higher retail revenues and customer growth [14][18] - Operating cash flows through September 2025 were $464 million, up $6 million from the previous year [19] Business Line Data and Key Metrics Changes - Customer base grew by 2.3% year-over-year, with residential customers increasing by 2.5% [5][6] - Retail revenues per megawatt hour increased operating income by $17.6 million, while customer growth added $7.8 million to operating income [14][15] - O&M expenses rose by $4.2 million due to inflationary pressures and wildfire mitigation efforts [16] Market Data and Key Metrics Changes - The company reported a modest decrease in irrigation usage per customer, attributed to higher precipitation and lower temperatures compared to the previous year [15][44] - Despite lower cooling degree days, sales growth remained strong, indicating robust customer growth and operational performance [41][42] Company Strategy and Development Direction - IDACORP is focusing on maintaining customer affordability while supporting growth, with residential rates increasing less than the national average since 2014 [7][8] - The company is advancing key projects, including the Boardman to Hemingway transmission line and the Bennett Mountain gas-fired plant expansion, to meet future load growth [9][10] - A recent settlement in the Idaho general rate case aims to increase annual revenues by $110 million, supporting the company's financial health [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in operational performance, raising full-year EPS guidance to a range of $5.80 to $5.90 [4][22] - The company anticipates continued customer growth, particularly in manufacturing and technology sectors, driven by significant investments in the region [5][6] - Management acknowledged potential economic softening but noted no significant trends of concern regarding customer growth [40] Other Important Information - The company filed its 2026 Idaho Wildfire Mitigation Plan, outlining methods to mitigate wildfire risk [11][12] - The Idaho Commission approved a request for additional pre-collection of Hells Canyon AFUDC, increasing cash collection by about $30 million annually [19] Q&A Session Summary Question: What was in the capital plan for Jackalope, and what are the potential solutions? - Management noted that the Jackalope Wind Project was a significant capital piece, with 600 megawatts of capacity, and they are exploring gas options as replacements [25][26] Question: Can you provide insights on customer growth trends? - Management indicated that while customer growth is steady, there may be slight softening due to economic factors, but no major concerns were noted [40][42] Question: How do you plan to address the loss of the Jackalope Wind Project? - Management stated that they will update the capital forecast in February and are considering incremental resources to replace the lost capacity [77][78] Question: What are the priorities for the next general rate case? - Management is assessing the timing and need for the next rate case, considering various elements including potential tracking mechanisms [68][69] Question: How do you see the ROE outlook with new large load customers? - Management expects that revenues from large load customers will eventually increase ROE above the minimum level of 9.12% [70][71]
Cultural Redemption | Krishna McKenzie | TEDxDAIICT
TEDx Talks· 2025-10-30 15:13
So my name is Krishna. I've been living for the last 32 years in Solitude Farm in Oruroville. I was a student in Ju Krishna Morti school where I had a very privileged education and I was inspired by the teachings of Masanoba Fukuoka who is like a a nyani um wise man farmer from Japan and that led me to come to Ora and start solitude farm.So this talk is about food and food is the lowest common denominator. It's the one thing that we all need whether you're a beggar or a king. It's it's our essential value.A ...
LSEG跟“宗” | 美国这周降息 商品牛市取决于特朗普能否明年拿下美联储
Refinitiv路孚特· 2025-10-29 06:02
Core Viewpoint - The article discusses the current sentiment in the precious metals market, particularly gold and silver, in light of recent CFTC data and macroeconomic factors, suggesting potential investment opportunities and risks based on market trends and geopolitical developments [2][23]. Group 1: Market Sentiment and Price Trends - The CFTC data is updated only until September 23 due to the U.S. government shutdown, showing a 3.2% drop in gold prices, ending a nine-week upward trend [2][23]. - Gold and silver prices are showing signs of weakness, with gold potentially forming a double top pattern [2][23]. - Gold mining stocks, including ETFs like GDX and GDXJ, have doubled in value compared to the end of last year, indicating strong performance in the sector [2][23]. Group 2: Future Price Predictions - If Trump can influence the Federal Reserve next year, gold prices may continue to rise, with the potential for significant price movements depending on U.S.-China trade discussions [2][23][24]. - A successful trade outcome could lead to further declines in gold and silver prices, possibly dropping below $4,000 [2][24]. - The article emphasizes that any market corrections in a bull market should be viewed as buying opportunities [2][24]. Group 3: CFTC Data Insights - As of September 23, net long positions in COMEX gold decreased by 1.1%, while silver saw an increase of 5.1% [2][5]. - The net long position in platinum increased by 24.8%, indicating a shift in market sentiment towards this metal [2][5]. - The article notes that the copper market has seen a shift from negative to positive net positions, reflecting changing investor sentiment [2][11]. Group 4: Economic Indicators and Predictions - The market anticipates a 96.7% chance of a 0.25% rate cut by the Federal Reserve on October 29, with expectations for further cuts in December and January [21][23]. - The article suggests that if inflation pressures rise alongside rate cuts, it could complicate the Federal Reserve's monetary policy decisions [29]. - The overall economic outlook for next year is expected to be weaker, with potential stagflation impacting commodity demand [27][29]. Group 5: Investment Strategies - The article highlights the importance of monitoring gold mining stocks as a leading indicator for gold prices, suggesting that a divergence between gold prices and mining stocks could signal caution [16][24]. - The gold-silver ratio is used as a measure of market sentiment, with the ratio currently at 84.612, indicating a slight increase in market fear [20][24]. - The article concludes that the current environment presents both risks and opportunities for investors in precious metals, particularly in light of geopolitical and economic developments [2][23][24].
'All hat and no cattle': Farmer responds to Bessent's claim that he's a soybean farmer
MSNBC· 2025-10-28 04:42
Over the weekend, Treasury Secretary Scott Besson said he too felt the pain from China refusing to buy American soybeans because he himself is a soybean farmer. Watch this. >> Martha, in case you don't know it, I'm actually a soybean farmer.So, uh I I have felt this pain, too. And there are a couple of things happening here. One, uh the Chinese have substantially dropped their purchases to almost zero.So they unfortunately have been using American farmers who are amongst President Trump's biggest supporters ...
高校毕业生专场招聘 本周五龙子湖畔举行
Zheng Zhou Ri Bao· 2025-10-28 00:39
Group 1 - The Zhengzhou City University Graduate Job Fair will be held on October 31, organized by the Zhengdong New District Human Resources and Social Security Bureau and the Longzihu Street Office, in collaboration with Henan 123 Talent Network [1] - The job fair will feature key enterprises from various industries including computer science, environmental technology, mechanical manufacturing, smart digitalization, education, tourism, media, finance, law, hospitality, automotive, logistics, healthcare, agriculture, and food [1] - The recruitment targets include recent and past university graduates, job-seeking youth, skilled young talents, and veterans, with over 7,900 job positions available in roles such as new media operations, project managers, management trainees, e-commerce, technical positions, administration, design, accounting, engineering, operations supervisors, reserve cadres, and interns [1] Group 2 - The job fair will take place from 9:00 AM to 12:00 PM on October 31, with a contact number provided for inquiries [2]
'Sold America's farmers out': Soybean farmer blasts Trump
MSNBC· 2025-10-27 20:32
Trade War & Tariffs Impact - The US-China trade war, initiated by Trump's tariffs on China, led to China banning American soybean imports [1] - Soybean farmer John Boyd Jr feels betrayed by President Trump, citing deals undermining American farmers, including Argentina selling soybeans to China [1] - Tariffs are causing financial distress for American farmers, with rising bankruptcy rates, farm suicides, and foreclosures [1] - Farmers are not receiving promised financial relief from tariffs, with no one seeing a dime of the 3 billion USD said to be going out last week [4] - The 10 billion USD Trump says is going to save farmers is insufficient, described as a band-aid when major surgery is needed [4] - Reagan's ad against tariffs resurfaced, prompting Trump to impose more tariffs on Canada [7] - Reagan stated that high tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars [9] Political & Economic Implications - 90% of farmers voted for Donald Trump, implying China is trying to hurt Trump's constituency [1] - Democrats need to pay attention to rural areas and advocate for farmers to win back their votes [1] - Democrats have to make a play in these red states for farmers for the first time in a very very long time [2] - The Ford government views the anti-tariff ad as mission accomplished, aiming to generate resistance from Americans against Trump's tariffs [13][14] - Canada argues that tariffs on Canada are attacks on the American people [15] Soybean Market & Farmer Distress - Grain elevators are full, preventing farmers from selling soybeans, and some farmers have had to stop harvesting [1] - One farmer, with 42 years of experience, has never had grain elevators refuse soybeans due to lack of movement [1] - When the first president had his first term, I was selling soybeans for 1680% a bushel and and uh you know, I could pay a few bills and college tuition and and take care of my family [3] - After Trump announced tariffs to China, the price plummeted to 7 USD a bushel [3]