Sports Related Videospowered by AdSparcRead Next Steam emission over Taal’s main crater ‘steady’ for past 24 hours Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Is Pacquiao into promoting himself nowadays? Kennedy Lynn Bryan of F2 over Sanja Trivunuvic and Maureen Penetramte-Ouano of SmartDefending champion F2 Logistics was in no mood to take it easy against overmatched newcomer Smart Prepaid Thursday night.The Cargo Movers fired away unflinchingly against a Giga Hitters squad relying solely on Cuban Gyselle Silva to score a 25-22, 25-18, 25-17 for their second win in the Chooks to Go-Philippine Superliga Grand Prix at FilOil Flying V Centre.ADVERTISEMENT It’s too early to present Duterte’s ‘legacy’ – Lacson GALLERY: Barangay Ginebra back as PBA Governors’ Cup kings Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Sea turtle trapped in net freed in Legazpi City But F2 Logistics soon caught up, unleashing a strong windup through a Kim Fajardo kill-block on Silva and a Perez slam for a 20-17 lead.“We still need to improve on a lot of things especially in controlling our errors and we have to find balance in our game,” added Perez who finished with 15 points including three blocks.Though missing key players who are playing for La Salle in the UAAP, F2 outscored Smart, 75-57, but thrived most on net defense (10-3) and service game (8-4 in aces).ADVERTISEMENT UK plans Brexit celebrations but warns businesses may suffer MOST READ LATEST STORIES “It doesn’t matter which opponent we play; we have to play at our best and keep on improving every game,” said last year’s MVP Maria Jose Perez. “Every game is important for us.”F2 Logistics proved it had the bite to back up that bark, raining down its serves on the 6-foot-3 Silva, who was also on the receiving end of most of F2’s 10 kill blocks.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folk“We try to keep a positive mind,” said the low-key Venezuelan spiker. “One thing going for the team is that we have a good chemistry and communications inside.”Indeed, the Cargo Movers were able to quickly shake off the Giga Hitters’ strong start that allowed the debuting team to post a 13-10 lead in the opening frame. Jiro Manio arrested for stabbing man in Marikina Don’t miss out on the latest news and information. View comments
LeBron’s arrival transforms Lakers back into glamour showLeBron’s arrival transforms Lakers back into glamour show
Taal victims get help from Kalayaan town Bicol riders extend help to Taal evacuees Tim Cone, Ginebra set their sights on elusive All-Filipino crown Given the Golden State Warriors’ addition of DeMarcus Cousins to what was already a ludicrously loaded roster, a championship seems logically out of reach for anybody else in the NBA. James already was aware of the upstate challenge he’ll face after losing three of the last four NBA Finals to the Warriors in Cleveland.And with innumerable variables still to be settled before the regular season, it’s impossible to predict what James will be able to accomplish with a revamped Lakers roster.But at least the worst half-decade in franchise history should become a bad memory for Lakers fans, who seethed through five irrelevant seasons highlighted mostly by Bryant’s retirement tour. The Lakers’ 35 victories last year were their best performance during five years without a postseason game for a team that had never missed the playoffs more than two seasons in a row.After James announced his decision to join the Lakers on a four-year, $153.3 million deal Sunday, the Lakers’ jersey sales skyrocketed and prices spiked on the secondary ticket market. Fans gathered among the statues in Star Plaza outside Staples Center, tossing chalk into the air in a simulation of James’ famed gesture.Los Angeles also made a flurry of complementary moves as Johnson attempted to assemble an immediate playoff contender on the wreckage of five playoff-free years.ADVERTISEMENT Volcano watch: Island fissures steaming, lake water receding Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew FILE – In this Jan. 15, 2015, file photo, Los Angeles Lakers guard Kobe Bryant, right, and Cleveland Cavaliers forward LeBron James hug before the start of an NBA basketball game, in Los Angeles. The Los Angeles Lakers have a new superstar — L.A.-Bron. The four-time NBA MVP announced Sunday night, July 1, 2018, that he has agreed to a four-year, $154 million contract with the Lakers. “Welcome to the family (at)KingJames,” Bryant said on Twitter . “(hash)lakers4life (hash)striveforgreatness.” (Paul Rodriguez/The Orange County Register via AP, FIle)LOS ANGELES — From George Mikan to Kobe Bryant, superstars have been the Lakers’ lifeblood for decades.LeBron James is already the biggest star of his generation, and he followed a familiar path to Los Angeles’ bright lights when he decided to sign with the Lakers as a free agent.ADVERTISEMENT Cloudy skies over Luzon due to amihan Jury of 7 men, 5 women selected for Harvey Weinstein rape trial Sports Related Videospowered by AdSparcRead Next Christopher Tolkien, son of Lord of the Rings author, dies aged 95 MOST READ Romeo blasts players who called Gilas ’embarassing’: Why don’t you convert to Australian In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ It’s no coincidence that this glamorous, 16-time champion franchise has consistently attracted already great players with outsized ambition. The 33-year-old James has taken on the challenge that Wilt Chamberlain, Kareem Abdul-Jabbar and Shaquille O’Neal all accepted near the primes of their careers.Becoming a basketball superstar is one thing, and nobody is bigger than James after 15 prolific NBA seasons and three championships. Succeeding with the Lakers is something different, according to many of the men who have worn this gold jersey.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownJust ask Bryant, who won two Olympic gold medals as James’ teammate while spending his entire 20-year career with the Lakers.“The NBA does better when the Lakers are at their highest potential,” Bryant, who retired in 2016, told Fox Sports Radio on Monday. “And for the city of LA, it’s important for us to have that star power. Jerry (West) was here. Elgin Baylor was here. Wilt was here. Magic was here. Cap (Abdul-Jabbar) was here. Shaq, myself, and now let’s carry it forward again. You’ve got LeBron here now. It’s his turn now. Hopefully he can — which he will — take this franchise back to prominence.” Rajon Rondo, JaVale McGee and Lance Stephenson are joining along with James. Kentavious Caldwell-Pope is staying, along with — for now — the young core of Brandon Ingram, Lonzo Ball, Kyle Kuzma and Josh Hart.Julius Randle, Isaiah Thomas and several others are out. The Lakers will build around James, and they’ll continue to attempt to land Kawhi Leonard or another superstar to team up with him over the next year.With Randle’s departure, the Lakers will have no players left on their roster who played with Bryant in his final game in 2016. The Lakers are steaming toward a new future, with little tying them to the lamentable recent past.But with the signing of a free-agent superstar, the Lakers already have followed through on the most important part of the plan set forth 16 months ago by Magic Johnson when he took over the club’s basketball operations. Although he spent his entire career with LA, Magic knows the magnitude of the Lakers’ lure.Chamberlain made this move in 1968, with the NBA’s reigning Most Valuable Player requesting a trade from Philadelphia to join Baylor and West.Abdul-Jabbar did it in 1975 after requesting a trade from Milwaukee to a cosmopolitan city, and he went on to become the NBA’s career scoring leader during 14 seasons with the Lakers.O’Neal went west as a free agent in 1996, embracing the advantages of living in Hollywood while moonlighting as an actor and rapper.James is arguably bigger than them all, a multi-media star with a legitimate entertainment production company already churning out content for the likes of NBC, the History Channel and Starz.When James suits up for the season opener, six of the top eight scorers in NBA history will be Lakers.“This is a special place,” Johnson said recently. “We know what’s special about this franchise. The people we choose to come here are going to know that, too.” View comments LATEST STORIES
It was a moment of great excitement for kids and adults alike when Giftland on Friday evening launched its first universal playpark in Guyana.In addition to the Kids Playpen, two popular attractions are the rock climbing wall and the bungee jumping playpen for adults.Before the ribbon cutting, Director of Giftland, Roy Beepat, proclaimed the event as historic: “This is really quite a momentous affair, in its simplicity, this really represents the few areas in Guyana, where you can come as a family and enjoy with your younger ones. One of the things about the Mall is actually to create this family element so that you can come as families and enjoy all the different facets of what we are trying to establish.”The rock climbing wall is yet to be opened and according to Beepat, this will be completed in the next few weeks and is to be one of the highlights of the playpark.He noted that tremendous hard work went into the creation and setting up of the playpark and stressed that safety at the facility is of paramount importance.The playpark is a first not only in Guyana but the Caribbean. It is estimated to have cost $50M.
Mohamed Salah shrugs off injury to join Egypt trainingMohamed Salah shrugs off injury to join Egypt training
0Shares0000Egypt forward Mohamed Salah takes part in a training session at the Akhmat Arena stadium in Grozny on June 12, 2018, ahead of the Russia 2018 World Cup © AFP / Karim JAAFARGrozny, Russian Federation, Jun 13 – Mohamed Salah gave Egypt’s World Cup hopes a huge boost Wednesday when he joined a squad training session at their Grozny base.The Pharaohs’ superstar was sidelined after suffering a shoulder injury in Liverpool’s Champions League final loss to Real Madrid on May 26, casting doubt on his World Cup participation. He took part in his first training session since the injury, going through a range of warm-up exercises with his teammates.Team doctor Mohamed Abou al-Ela said Salah “participated in part of the training with the team and completed the other part alone”.Team director Ihab Lahita was cagey about his progress, saying there was no guarantee Salah will play in Egypt’s Group A opener against Uruguay on Friday.“There’s a good degree of progress but no definitive decision on whether he takes part, as we are following his case day by day,” he told reporters.Salah’s World Cup dream was left on the brink when he exited the Champions League final in tears after Sergio Ramos wrestled him to the ground.But such has been his form for Liverpool, with 44 goals in all competitions this season, that he was included in the Egypt squad simply on the off-chance he could play.Egypt forward Mohamed Salah (L) takes part in a training session at the Akhmat Arena stadium in Grozny on June 12, 2018, ahead of the Russia 2018 World Cup © AFP / Karim JAAFAROn May 30, Egypt officials said Salah would be out for “not more” than three weeks, which would rule him out of the Uruguay match but put him in the frame for Russia on June 19 and Saudi Arabia on June 25.Egypt’s doctor said over the weekend that Salah would not play “unless he has totally recovered”.The player sat out Egypt’s first training session after arriving in Russia but was optimistic about his prospects.“I’m excited. God willing I’m well-prepared and things are going well and my morale is high,” he told AFP on Sunday.Uruguay goalkeeper Fernando Muslera has expressed hope that Salah will play against the South Americans, saying he wants to play against the best at football’s showpiece tournament.“I like the best players to play, I train with the best and I want the best players to play,” he said.Salah is regarded as a contender for the Ballon d’Or, alongside Argentina’s Lionel Messi, Portugal’s Cristiano Ronaldo and Neymar of Brazil.jach/ns/jw0Shares0000(Visited 1 times, 1 visits today)
Harry Kane targets Arsenal after ‘confident’ Tottenham extend unbeaten runHarry Kane targets Arsenal after ‘confident’ Tottenham extend unbeaten run
Tottenham striker Harry Kane 1 Tottenham striker Harry Kane is adamant Spurs’ growing confidence can inspire them to victory in Sunday’s North London derby at Arsenal.Mauricio Pochettino’s side are undefeated in the Premier League since the opening day of the season [a 1-0 defeat to Manchester United] and extended their unbeaten run to ten games with a 3-1 win over Aston Villa on Monday.Arsenal have already beaten Spurs once this season, the Gunners dumping them out of the League Cup in September.But Kane – who found the net against Villa at White Hart Lane – believes Tottenham are now well placed to stun their rivals thanks to their recent form, plus a number of key absentees for Arsene Wenger.“We’re playing very well, we’re exciting, we’re a young team and we’ve got a lot of energy, and the wins will just keep giving us that, but there’s still a long way to go so we’ve got to keep trying to learn and improve,” the England striker said.“Anderlecht [in the Europa League on Thursday] is important for us so we’ve got to stay focused on that for now, but of course, everyone’s excited for the North London derby. It’s a game everyone looks forward to, both teams are playing well so it’ll be good to go and try and get a result.“We made a good statement against Man City [in a recent 4-1 victory] and followed that up pretty well with wins so we face Arsenal on Sunday going for the win, and we’re full of confidence and know we can win.“The aim is the top four but there’s still a long way to go. We’ve got to stay consistent throughout the whole season, we can’t just have a good start and fade away.”Tottenham’s second goalscorer on Monday evening – in front of Roy Hodgson – was the talented Dele Alli, 19, who is expected to be included in the next England squad for their upcoming friendly fixtures with France and Spain.His swift rise from a Football League player to international recognition is not dissimilar to Kane’s during the past season, and for all that such pressure can be difficult for a young player to handle, the forward believes that his young team-mate has the character to cope.“He’s a great player and a great lad as well,” Kane said. “He’s very focused, he’s good to have around the dressing room, he’s a bubbly character. We’re delighted for him, he’s come in this season and settled in straight away.“He’s still young, he’s still got a lot to learn, a long way to go. And yes, I was probably in that position last year so it’s great for him to have me and other players who have been through that to talk to. He’s a mature lad and I’m sure he’ll take it in his stride.“We have discussions now and then, he watched last season and he wants to go and do the same. He’s a young player with a lot of talent and he just wants to play football, and that’s what’s nice to see.“He’s been playing very well for us, he came in the last [England] squad and did very well in training and impressed, so he’s got to keep doing what he’s doing. That’s the [England] manager’s choice: all he can keep doing is having nights like he’s had [against Villa], it won’t hurt him.”
DANIEL REVEALS MAJELLA’S CANCER TREATMENT IS FINISHED AS THEY PLAN QUIET CHRISTMAS IN DONEGALDANIEL REVEALS MAJELLA’S CANCER TREATMENT IS FINISHED AS THEY PLAN QUIET CHRISTMAS IN DONEGAL
Daniel O’Donnell has revealed his wife Majella has finished her cancer treatment and they are both looking forward to spending Christmas together.Daniel and MajellaDaniel is currently touring America but he says he cannot wait to get home to Donegal for the festive season.“I am pleased to tell you that Majella has finished her chemotherapy treatment and she is beginning to feel as she says “normal again”. “We will be spending Christmas at home and then we plan to go to Tenerife for a month in the New Year. We are both looking forward to some quiet time,” he said.Daniel will play Dublin’s Convention Centre before Christmas and will also appear on The Late Late Show on December 13th.However despite Majella’s amazing recovery from cancer, Daniel has revealed that the festive season will be tinged with sadness after the passing of Majella’s dad Tom.Tom died in Tenerife when he fell down some stairs in October and suffered a brain bleed. Daniel says Tom was one of his biggest fans and would have been annoyed that Daniel cancelled some of his concerts because of his father-in-law’s death.“It was a great shock for everyone as Tom had been in good health and had planned to spend the 5 weeks in Branson with me while Majella’s mother Marion stayed with Majella while finishing her treatment.“However God’s plan was different to ours and we have to accept what He sends us. Tom was a great character and had a huge interest in everything that I was doing.“Before he passed away he was looking forward to seeing would our album “A picture Of You” make it into the charts in the UK, making it 26 years in a row to have an album in the charts. He would have been very annoyed to think that his passing caused me to cancel all the promotion that was planned for the album as well as the remainder of the shows left on the UK tour.” DANIEL REVEALS MAJELLA’S CANCER TREATMENT IS FINISHED AS THEY PLAN QUIET CHRISTMAS IN DONEGAL was last modified: November 29th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:cancerdaniel o’donnellMajella O’Donnelltreatment
THE MESSAGE IS ‘BE PATIENT’ AS OUR HEROES CONTINUE THEIR TOUR OF DONEGALTHE MESSAGE IS ‘BE PATIENT’ AS OUR HEROES CONTINUE THEIR TOUR OF DONEGAL
UPDATED: DONEGAL DAILY COMMENT: The victorious Donegal team last night looked like they were going to fall asleep on stage in Letterkenny.The time was 12.40am and the team were completing a frantic day during which they visited numerous towns from Bundoran to Ballybofey.They happily posed for photographs and signed autograph after autograph for fans. And yet today a small section of the public are complaining about the time schedule.It is understandable that many children and parents will be disappointed that the team were four hours late arriving at various towns yesterday.But the reality is that the players have very little control over screaming and adoring fans.Yes we could have arranged a huge party in MacCumhaill Park or arranged three major stops but hindsight is a great thing. Donegal has waited 20 years for Sam to come back home and everyone wants a piece of the team.Each club, from St Eunans in Letterkenny to Naomh Mhuire in Mulladuff, want their time with the team.The players under Jim McGuinness have restored some pride to the county and are now going the extra mile in helping as many people as possible to enjoy he occasion.We must also remember that these players and the management team are giving their time when many should be back at work.So we would ask people to be patient if the time schedule goes astray. Meanwhile the lads continue their tour of the county today.The following is the NEW ‘rough’ schedule for the tour of the county today – and all times are estimates.Termon – 3pmDonwings – 4pm Naomh Micheal, Creeslough – 5pmFalcarragh – 6pmGaoth Dobhair – 7pmNaomh Mhuire – Muladuff – 8pmDungloe – 9pmNa Rossa – 10pmGlenties – 11pm.THE MESSAGE IS ‘BE PATIENT’ AS OUR HEROES CONTINUE THEIR TOUR OF DONEGAL was last modified: September 26th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalGAAHOMECOMINGSam Maguiretour
McNutt’s of Downings famed for their rich heritage and craft of milling tweed, has being undergoing a transformation over the past six months and last month they officially launched not one, but two new business ventures.Donegal Woollen Mill crafts woollen blankets, throws, baby blankets and picnic rugs from their picturesque location in Downings, and they are now selling their wares online to a global marketplace.Their new website www.donegalwoollenmill.com went live earlier this month and provides a platform to showcase their unique craft and Donegal-inspired designs to the large following of Irish diaspora and international customers who have followed the McNutt’s brand for many years. The team at Donegal Woollen Mill are also hoping that their website introduces them to an audience not previously aware of their distinct brand. With collections such as Sheephaven, Glenveagh, Atlantic, Mulroy and Glen, they are sure to cause a stir on the international stage.Visitors to the site are guaranteed a strong sense of the Mc Nutt’s traditional craft but also a small piece of Donegal.Speaking this week William McNutt says, “along with our new ecommerce site we also decided to open a new craft and gift shop.“The shop is in a building originally built in the early 1900’s but which was taken over by the McNutt family in 1953 and home to the famous weaving factory. “The shop allows us to showcase our own products alongside some of Ireland’s best produce and giftware. We stock local interest photographs, Irish ceramics, candles, soaps, books, jams, sweets and other great gift ideas,” says William.Perched on the edge of Downings Bay McNutt’s also have a coffee house which serves as a welcome retreat to the many locals and visitors tempted by their home-made produce.Donegal Woollen Mill Craft & Gift Shop is open 10.30am – 5.30pm, Monday to Saturday. Donegal Woollen Mill can be contacted on 074-9155562. Visit their new range of blankets and throws on www.donegalwoollenmill.com and you can also find them on facebook.THE OLD MILL IN DOWNINGS GOES GLOBAL! was last modified: June 1st, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:McNutt’s Downings
A year ago, it took two fourth-quarter touchdown drives and an overtime field goal for Long Beach City College to top the Mt. San Antonio College football team. On Saturday night, though, the Vikings had things wrapped up by halftime. Combining a dominant defensive effort, big plays on special teams and an opportunistic offense, Long Beach routed the visiting Mounties 41-10 in the Mission Conference American Division opener for both teams. Coming off a bye week after a 28-24 loss to Cerritos, the Vikings (4-2, 1-0) forced three turnovers and scored on offense, defense and special teams. “We had two great weeks of practice,’ said sophomore outside linebacker Antonio Steele, who had 10 tackles and a blocked punt. “We came out believing in ourselves. We got straight to the game and came out hard.’ AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week The Vikings held a 14-0 lead after one quarter on two Alex Aispuro-to- LaTroy Dinkins touchdown passes (30 and 25 yards) and increased the edge to 28-3 by halftime. Aispuro scored on a one-yard plunge in the second quarter and Grant Thorne turned in a nifty 15-yard touchdown run with 4:40 left in the half. Aispuro suffered a slight knee injury just before halftime and sat out the entire second half. The Vikings, ranked 10th in Southern California, didn’t really need him after Peter Sio picked up Steele’s blocked punt and ran it 15 yards for a 34-3 lead. Eddie Peterson added a 32-yard fumble return for a score less than a minute later. Freshman Cleven Doty played the rest of the game, completing two passes for 56 yards. “(Aispuro’s) OK,’ Long Beach coach Jerry Jaso said. “We were just cautious with (the injury). Once we got the turnover, we felt we could go ahead and get (Doty) a good half of football and see what he could do.’ The Viking offense scored 14 points off two Dominic Breazeale interceptions and the defense cashed in its only fumble recovery on Patterson’s second-half touchdown. “Offensively, we capitalized, we took advantage (of Mt. SAC’s mistakes),’ Jaso said. “Defensively, we dominated the line of scrimmage and played great pass defense.’ Aispuro completed 12 of 18 passes for 219 yards before leaving. Thorne had 33 rushing yards and Dane Walker added 20 rushing yards, mostly in the second half. LBCC had 338 yards of offense while holding Mt. SAC (2-4, 0-1) to 270. In last season’s final regular-season game, the Mounties held a 28-14 fourth-quarter lead over the Vikings and were poised to clinch the Mission Conference American Division title. But Aispuro directed two late TD drives, including a seven- yard pass to James Wilson with 20 seconds left to tie the score. In overtime, Jeff Hastings kicked a 32-yard field goal that gave Long Beach a 31-28 victory and the MCAD crown. Now, the Vikings are in position to defend their title, although there is plenty of football left to be played. Long Beach visits Riverside at 5 p.m. next Saturday. “We’re looking straight forward,’ said Steele. “We’re defending our (MCAD) championship, that’s what we’re doing.’ David Felton can be reached at (562) 499-1338. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Ag producers say financials stronger than 2016 but predict missed financial targets in 2017Ag producers say financials stronger than 2016 but predict missed financial targets in 2017
Share Facebook Twitter Google + LinkedIn Pinterest U.S. agricultural producers indicated their farm operations’ financial positions are stronger than at this time in 2016, but expressed concerns that they might not meet their 2017 financial targets, according to a monthly producer survey conducted as part of the Purdue University/CME Group Ag Economy Barometer.The barometer, which is based on a survey of 400 U.S. agricultural producers, read 131 for the month of June — virtually unchanged from the April and May readings of 130.“Although the Ag Economy Barometer has not changed appreciably the last couple of months, it’s important to note that it remains well above levels recorded prior to November 2016,” said Jim Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture.In June 2017, 13% of survey respondents indicated that their operations were financially better off than a year before — the highest reading since Purdue researchers first started surveying producers in October 2015. Only 3% of producers expressed that same positive sentiment a year earlier. However, farmers’ positive sentiment regarding their operations’ financial conditions improved steadily during the last half of 2016, before weakening somewhat this past winter. In the last three months, producers became more optimistic about their farms’ financial positions, with 13% of surveyed producers indicating in June that their farms were financially better off than a year earlier.“Several factors likely contributed to the long-term shift in producers’ attitudes about their operations’ financial conditions, Mintert said. “Revenues on many farms increased as a result of record — or near record — crop yields in 2016. Also, corn and soybean futures prices strengthened from late summer through early winter while production costs, especially fertilizer, moderated when compared to last year. Farmland rental rates also continue to soften as part of the farm economy’s long-term adjustment to tight crop operating margins.“All of this contributed to improved current financial conditions for many farm operations. Our survey data suggests that for some farm operators, financial conditions have bottomed out,” he said.While the barometer survey indicated the current financial situation for many farm operations had stabilized, 28% of producers said they expect their farms’ 2017 financial performance to be worse than they had projected earlier in the year. That concern could be connected to adverse planting and growing conditions in the Eastern Corn Belt this spring, as well as recent declines in corn and soybean prices.The survey also revealed an uptick in producers (52%) expressing concerns that extreme weather events could have widespread adverse impacts on crop yields over the next 12 months.“Compared to June 2016, producers expressed more concern about the possible impact of extreme weather on crop yields,” Mintert said. “One-third of producers in our survey said they had changed their marketing plans in response to weather concerns, up from just 22% in March of this year when we last posed the same question.”Read the full June Ag Economy Barometer report at http://purdue.edu/agbarometer.The Ag Economy Barometer, Index of Current Conditions and Index of Future Expectations are available on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX.