In January I blogged about hog numbers expanding. Now more expansion has happened within the state and nationally. That is good news on the supply side which hopefully equates to some lower prices.
Here is more from HoosierAgToday.com –
Indiana’s total hog and pig inventory on March 1 was estimated at 3.65 million head, up 300,000 head from a year ago, according to Greg Matli, State Statistician, of the USDA, NASS, Indiana Field Office.
United States inventory of all hogs and pigs on March 1, 2015 was 65.9 million head. This was up 7 percent from March 1, 2014, but down slightly from December 1, 2014. Breeding inventory, at 5.98 million head, was up 2 percent from last year, and up 1 percent from the previous quarter.
Recent data compiled is showing college textbooks are rising at a double digit rate. The National Association of College Stores has price comparisons on new textbooks college students buy.
Average Price of New Books
Price increase of 22%
Here are some other stats concerning college students and textbooks
Average student spending for a semester of course materials
Average college bookstore profit margin for a new book
Percent of students who buy their books at their college bookstore
Percent of students who say they have skipped buying a textbook because it was too expensive
Angie’s List Inc.recently announced they put their Indianapolis project on hold due to the new RFRA law signed by Indiana Governor Mike Pence. This company has been bleeding money for quite some time and just went to the state begging for $18.5 million in public assistance. Here is snapshot I took this morning of how bad the stock has dropped in one year:
Overall Angie’s List announcement on this matter is more desperation than practical. Crony capitalist companies like Angie’s List use tactics like this to hedge their bets in order to get more money out lawmakers then standing up for some social issue.
Easter retail season is upon the United States and sales should spike this week. Here is what the National Retail Federation has projected for Easter sales:
80% of Americans said they plan to celebrate the Easter holiday this year by doling out an average $140.62 per person, up 2.3% from a year ago. Spending this Easter is expected to top $16.4 billion, up from $15.8 billion last year.
Here is a breakdown of the spending:
New clothes – $2.9 billion
Food – $5.3 billion
Candy – $2.2 billion
Gifts – $2.4 billion
Flowers – $1.1 billion
Decorations – $998 million
Greeting cards – $695 million
To this blogger, here is what my money will be spent on….
On March 24th, Governor Mike Pence signed into law the ‘Right To Try’ Legislation. Here is snapshot of what the law entails from WFYI:
Terminally ill patients in Indiana can now use experimental drugs that have not received final FDA approval. Gov. Mike Pence signed so called “Right to Try” legislation into law Tuesday.
The “Right to Try” law allows terminally ill patients to use medications that have gone through the first of the FDA’s three-step approval process.
HotAir.com picked up on the story and threw out some concerns of the FDA possibly stepping in and complicating the legislation:
Indiana’s legislature and Governor Mike Pence have tried to bridge the gap by passing a “Right to Try” law that allows patients to make the choice on experimental medication, and which protects manufacturers from liability if the results go poorly. The question raises ethical questions about where the line between mercy and human experimentation may be crossed, but CBS’ Chicago affiliate raises the question about whether this crosses a bureaucratic line with the FDA first.
I am strongly in favor of this legislation and hope Indiana tells the FDA to back off. If I’m terminally ill I should be able to have the decision in choosing treatment that is experimental. I support the legislation shielding drug companies from liability as well. In the field of medicine this can be beneficial in helping drug developers in researching the drugs to better the product down the road if it doesn’t workout in testing on people.
Lets hope this is the step in the right direction of medicine opening up to more freedom for patients and those who want to help them.
SalesForce.com CEO Marc Benioff announced Thursday he is reducing the companies investment in Indiana due to Governor Mike Pence signing RFRA legislation.
There is nothing illegal with a CEO of a company being politically or socially active in government current events. The problem lies within the fact his company is a publicly traded investment. This means its listed on the stock exchange for all to buy. When you are a publicly traded company you must follow rules set forth by the Securities Exchange Commission when making big investment moves so stockholders can see. I will list a few but compliance can be found at Investor.gov:
Current Reports on Form 8-K. Companies file this report with the SEC to announce major events that shareholders should know about, including bankruptcy proceedings, a change in corporate leadership (such as a new director or high-level officer), and preliminary earnings announcements.
And here is another rule for the company to follow moving any major investment out of Indiana that could affect shareholders investments. Shareholders would possibly need to vote on the matter:
Proxy Statements. Shareholder voting constitutes one of the key rights of shareholders. They may elect members of the board of directors, cast non-binding votes on executive compensation, approve or reject proposed mergers and acquisitions, or vote on other important topics. Proxy statements describe the matters to be voted upon and often disclose information on the company’s executive compensation policies and practices.
To be clear, Marc Benioff is not claiming to be shutting down any operations at this time. A move like that would MOST DEFITINETLY have to be filed and voted on by shareholders. From my a**hole business experience I think he is bluffing and within months will be fully operational in sending people to Indiana for business. I’m positive his lawyers got a hold of him and made him carefully word his statement after the first one posted above. If he does start moving assets out like employees or selling off property without notification, then he will be in violation.
I will be following Investor.gov to monitor his threats.
Lately on social media I’ve seen a plethora of people touting “GoFundMe” accounts to raise money for one specific area, medical issues. I decided to look up numbers to see how often it’s used by people for this issue and the numbers are staggering:
According to data from GoFundMe, in 2011 there were about 8,000 campaigns on the site, generating a total of about $1.6 million dollars in donations. Compare that to 2014, where there were about 600,000 campaigns and close to $150 million dollars donated.
Credit WHOtv.com for the data.
Via CNSNEWS.COM –
The average price of a pound of ground beef climbed to another record high in February, hitting $4.238 per pound, according to data released today by the Bureau of Labor Statistics (BLS).
In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.
In September, the average price jumped to $4.096 per pound; in October, the average price climbed to $4.154 per pound; and in November, the average price climbed to $4.201 per pound.
In December, the price declined slightly to $4.156 per pound. In January 2015, ground beef hit $4.235 per pound and in February 2015, according to the latest data from the BLS, the price of ground beef hit the highest level ever recorded of $4.238.
A year ago, in February 2014, the average price for a pound of ground beef was $3.555 per pound. Since then, the average price has increased 19.2 percent in one year.
Five years ago, in February 2010, the average price of a pound of ground beef was $2.277, according to the BLS. The price has since climbed by $1.961 per pound, or an increase of 86.1 percent.
Read the rest here.
In a report prepared for the Association of American Medical Colleges a grim outlook was given concerning physician supply in the United States. Here is what was found:
Demand for physicians continues to grow faster than supply, leading to a projected shortfall of
between 46,100 and 90,400 physicians by 2025
The report can be read here. Much of the shortage will be from stronger demand of people getting on Obamacare.
USDA came out with some new numbers on who owns farms in America:
About 2.1 million farms in the U.S., 97 percent are what the report calls “family farms,”according to the the USDA’s 2012 Census of Agriculture Farm Typology.
Other key facts included in the report stated that 88 percent of those 2.1 million farms are classified as “small family farms” — operations with a gross cash farm income (GCFI) of less than $350,000 per year. Those small family farms contribute nearly 60 percent of all direct sales of product from farms to consumers.
H/T Indiana Economic Digest