United Grain Growers Limited
Bharat Gutta
1. UGC estimated that it would need C$150 million to carry out its strategic plans over the coming two years. Will its internal resources provide reliable funding for this program? How much external funding might it need? The company needs to spend C$150 million, which covers the installation of high-throughput elevators (7 or 8 more at $9 million each) and the upgrades of 15 elevators at $3 million each. The rest of the money is needed for the funding of the expansion of Crop Protection Services and Livestock services division.
If we look at the income statement of the company and also the balance sheet and cash flows, we notice that UGG has a negative cash flow for 1998. This means that
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In the historical balance sheet we can see a very important decrease of the short-term debt, so UGC could also increase this debt. Obtaining cash from the stock market, negotiate an increase of the number of days of the accounts payables, reducing inventory or decreasing the number of days in their accounts receivable could also be very important cash resources. Still, it is difficult to estimate the financial need due to the fact that we cannot forecast the cash from operations.
2) 2a) Like most firms, UGC faces a variety of risks. How could they be categorised? What elements of the business (examples: revenues, investment needs, etc ) might be affected by weather risk or environmental liability, and how? In general the risks are divided into three categories, the business related, political and environmental risks. All those risks have an impact on the incomes of one company. The Risk consulting division of Willis Carroon came to the conclusion that greatest risk was the impact of the weather on the size of the harvest. Every ten years, UGC might face adverse weather
United Grain Growers Limited that could reduce after-tax profits by as much as 11 million dollars, or about 70% of its 1998 earnings.
Bharat Gutta
The weather has an impact on the procurement of grains and makes it very volatile. In 1990 a poor harvest contributed to low inventories and sales volume. Willis
The United States Department of Agriculture (USDA) administers food assistance programs that help provide food for low to no income families. It is their goal to increase food security and reduce hunger by increasing access to food, a healthful diet, and nutrition education for low-income Americans (Caswell, 2013, para. 1). Some of the current nutrition assistance programs include “the Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)”(Caswell, 2013, para. 1). SNAP will be the primary nutrition assistance program of the paper at hand. No matter how morally good it is to try to help reduce hunger and increase food security within the United States, there are still many questions regarding issues with SNAP. This paper will be discussing why there is such a strong support for the program, how it helps the United States as a whole, problems with the program, and why some people are against SNAP.
The company have generated very low operating cash flows, which is caused by a negative net income(16, 55) in 94,95, again with sales going down and cost of goods sold increasing. The company current ratio (2.3, 2.1, 2.5) in 93, 94, 95 are indicating satisfactory but when analyze quick ratio (1.1, 1.1, 1.3), and we also know that sales are down which mean more inventories. Now the account payable days has been increasing (49, 62, and 66). They have been delaying there payment which mean more cash on
United Farm Workers: The United Farm workers are a labor union that was created solely for the farmworkers in the United States. The origins of this labor union came about from two different existing organizations known as the “Agricultural Workers Organizing Committee led by Larry Itliong and the National Farm Workers Association led by Cesar Chavez, and Dolores Huerta. These two organizations decided to work together to fight stronger together for their rights. This term relates to our reading because they are known for the “grape strike” that took place in 1965 in Delano, California. The labor union wanted to fight for their rights against the social injustices between the owners, and the farmers. In our text’s we have seen this constant mistreatment of owners, and their workers, through poor pay, rights, and belittlement because of their cultural ethnicity.
As a person that has grown most of my own food, without chemicals or engine powered equipment, for the last 15 years and lesser so for many more years I can relate to some degree what it may have been like for a farmer in the 1800’s (I even live in a house built in 1850).
America — a land known for its ideals of freedom and new opportunities, a nation built under the idea that every man and women is created equal. However, the definition of what makes a person an American is entirely different from what it is that makes up America, itself. J.Hector St. John Crevecoeur, author of Letters from an American Farmer (1782), exposes what he believes makes an American. However, when compared to the standards of what makes an American in today’s world, it seems that becoming an American then was much simpler then, than it is today. The definition of an American is always evolving due to the influences of our changing nation. During a simpler time, Crevecoeur defined an American as someone of European
Industrialization has revolutionized America’s economy. Mass production allows products in demand to be easily available for purchase. But at what point does this system cross the line? It is one thing to mass produce electronics and clothing, for example, but applying mass production to the meat industry is entirely different. In order to generate the most profit, livestock are killed systematically at a massive scale on an assembly line. These animals are treated as nothing more than objects that can be processed, packaged, and sold to a consumer. For this business to take place with both time and cost efficiency, the welfare of the livestock is placed as one of the last priorities. Factory farming has gotten out of hand, and America is
The program of study i chose is Agriscience. Agriscience is the application of science to agriculture. It will involve studying animals and farming techniques. Agriscience relates to small animals and large animals and eventually veterinary science. Eventually if i take my freshman year Agriscience and then the my sophomore year small animal and then junior year large than i will eventually take veterinarian science that will put me on the path to be a veterinarian. Agriscience will also give me the opportunity to work with animals and learn how to take care of them and treat their illness with medical science. Agriscience is designed for you to be able to test and see how you like the veterinarian and animal science. In Agriscience i will learn about many ways to use agriscience. Crop rotation and how to improve crops are some examples of things i
As the population of the young United States increased more and more people hungry mouths were asking for food. Farmers had to keep up with new technology but there were also many setbacks in government policy and economic conditions. In the period of 1865-1900, there were many ways in which technology, government policy, and economic conditions changed early American agriculture.
What does it mean to be an American? In today's day and age, the general perception of an American is to be free, free to practice any religion, free to speak your mind, free in general. However, America has only been able to be perceived as a promised land due to the obstacles and barriers that have been challenged by early Americans. From having to accept others religious beliefs to the abolishment of slavery. A good example is J. Hector St. John de Crevecoeur’s Letters from an American Farmer (1782). Letters from an American Farmer is a collection of twelve letters written from the perspective of a fictional character. These letters do a magnificent job at emphasizing on how America is similar to the environment and the people who feed
Arguing that the majority of farmers during the Great Depression benefitted from the government policies produced through President Roosevelt’s New Deal is an inaccurate claim. While history textbooks highlight the improvement of finances for people in rural areas in the United States of America, the personal experiences of family farmers contradict those textbooks. Writers of textbooks about American history should consider looking further into the delicate topic of how the Great Depression effected common farm families. In the West, farmers endured the Dust Bowl. In the North, people in rural areas competed to make a profit. Although statistics show the most economic damage of the Great Depression beginning at the end of 1929, small farm families refer to the effects of the Depression dating back as early as 1925 since government policies mostly benefitted large farm industries as small farms were forced to foreclose.
As shown in the ratios chart, working capital has increased by $13M. Maturities of short-term investments and cash flow from operations are projected to be sufficient to sustain the company’s overall financing needs, including capital expenditures. The following corporate strategic plan identifies a project that needs financial backing.
Farmington Industries is a small, publicly traded U.S.-based corporation, which produces programmable control instruments. With high interests in Mexico, the company has expanded to four Mexican-related businesses, which are listed below along with their specific function:
As a farmer you need to watch the changing prices for the products. They use different actions to keep themselves safe from unpredictable changes in the markets. Farmers also track disease and weather conditions closely, because disease and bad weather may have a bad blow on crops or animal health. When farmers plan ahead they may be able to store their crops or keep their animals to take
Poultry is by far the number one meat consumed in America; it is versatile, relatively inexpensive compared to other meats, and most importantly it can be found in every grocery store through out the United States. All of those factors are made possible because of factory farming. Factory farming is the reason why consumers are able to purchase low-priced poultry in their local supermarket and also the reason why chickens and other animals are being seen as profit rather than living, breathing beings. So what is exactly is factory farming? According to Ben Macintyre, a writer and columnist of The Times, a British newspaper and a former chicken farm worker, he summed up the goal of any factory farm “... to produce the maximum quantity of