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Insurance Policy Coverage Extension Criteria

Insurance Policy Coverage Extension Criteria - Importance Of Understanding Coverage Extension Criteria Understanding the coverage extension criteria is vital for various reasons. Firstly, it helps individuals to determine the scope of the coverage they are entitled to, which is essential in making informed decisions about insurance policies. Secondly, it enables policyholders to identify any gaps in their coverage, which may lead to financial losses in the event of unexpected events. Additionally, understanding coverage extension criteria is crucial for businesses to protect their assets and investments from potential risks. Companies must ensure that their policies cover the necessary aspects of their operations, including employees, equipment, and property. Lastly, comprehending coverage extension criteria is beneficial for mitigating risks and ensuring that policyholders are prepared for unfo

How to Store Broccoli for longer and Preserve its Quality

How to Store Broccoli for longer and Preserve its Quality The Brassicaceae family includes the biennial, cruciferous vegetable broccoli. Other renowned members of this family are cauliflower, Brussels sprouts, and cabbage. The broccoli's scientific name is Brassica oleracea var. italica. Broccoli was a strict winter crop in the past, but new broccoli hybrids now allow for year-round growing in some regions. The blossom head of broccoli is either green or purple. The broccoli's weight can range from 0.35 kilogram (considered quite tiny) to over 0.5 kg (considered relatively large) (0.8-1.1 lb). Market consumers primarily establish the required head weight. Conditions for storing sliced broccoli For broccoli to be effectively preserved and its excellent features to be held after the harvest, it requires specific and frequently conservative management. It must be pre-cooled (1) in high-capacity pre-coolers shortly after h

The Use of Cover Crops in Vineyards and Its Benefits

The Use of Cover Crops in Vineyards and Its Benefits Erosion, soil deterioration due to excessive farming and tillage, biodiversity loss, and loss of water and moisture from topsoil are just some of the difficulties modern farmers face in all cropping systems, including vineyards. Cover crops could be a potential solution to these issues. Although the use of cover crops is as old as winemaking itself, it is still being determined whether cover crops are superior to standard soil management techniques, even though this strategy has demonstrated advantages. Traditional procedures such as tillage, which require machinery and tractors, compact the topsoil to a depth of approximately 15 centimeters, making it less porous. Additionally, vineyards planted on sloped terrain are highly susceptible to soil erosion. Cover crop cultivation in vineyards is not new, but it is gaining popularity, especially in organic vineyards. They should b

Complete Rice Plant Until Rice Harvesting

In Asia, where the vast bulk of the world's production occurs, rice is one of the most widely consumed foods. At than 110 nations commercially grow rice. China, India, Indonesia, Bangladesh, and Vietnam are the top 5 producers. Nonetheless, India, Thailand, the United States, Pakistan, and Vietnam are the top 5 exporters of rice. In addition to Asia and the United States, rice is also successfully grown commercially in Central Europe, the Mediterranean region (Greece, Italy, Morocco), and South America (Uruguay, Paraguay, Brazil, Argentina) (Belgium, Netherlands). Plant Information for Rice The plant known as rice, Oryza sativa, is typically an annual Poaceae (Gramineae) monocot. To harvest the seeds (rice) for consumption, we cultivate the grass species Oryza. Rice is often a perennial plant. The rice plant can, however, grow as a perennial and live for ten or more years in extremely uncommon circumstances. Very early kinds of annual rice have a biological cycle (days from seedlin

Matching the appropriate qualities to the environment is essential for variety selection

Matching the appropriate qualities to the environment is essential for variety selection The choice of seeds can take time and effort. The optimum cotton, corn, or soybean variety for even one portion of a farm over another depends on new technology, climate, soil, and the overall environment. Crop consultants also advise growers to research their options before investing in the seed. According to Brian Pieralisi, a cotton agronomic at Mississippi State University, while choosing seeds for cotton production in 2023, yield potential precedes all other considerations. Disease, nematode, and other environmental conditions can all impact yield potential. The decision-making process is aided by having a basic understanding of the presence of infections or nematodes in the field. Pieralisi noted that newer kinds are now available with specific disease tolerance that can increase production. Monitoring variety performance in various con

Oishii thrives growing premium berries despite difficult times for vertical farms

Oishii thrives growing premium berries despite difficult times for vertical farms "I was confident that precisely the same thing would transpire. The technology was likely to stir much excitement because it is cutting-edge and sustainable. But then, it would not be easy to demonstrate that the business model is viable. The vertical farming market in Japan ten years ago is being contrasted with the recent wave of farm closures, failures, and staff layoffs in the US and Europe by Hiroko Koga, CEO of US-based vertical farming business Oishii. The current crisis was "fully foreseen," he continues. "I already watched the entire cycle in Japan ten years ago. Japan likely had more vertical farms in the early 2000s than in the US now, with a few hundred spread out nationwide. Nearly all of them were closed. Although they found the technology fascinating, many soon understood that the unit economics were flawed. Th

3 AgTech & FoodTech businesses' use of equipment financing to expand

3 AgTech FoodTech businesses' use of equipment financing to expand According to the 2022 AgFunder AgriFoodTech Investment Report, venture capital investors poured $51.7 billion into agrifood technology in 2021, a stunning 85% increase over 2020. The issue, though, for many inventive entrepreneurs with strong business models is sometimes receiving that first round of money. The problem is that there needs to be more money to support growth. These businesses spend valuable resources on the construction of facilities and the purchase of equipment rather than investing in R&D, the advancement of science or technology, or the hiring of personnel. In other words, companies are spending money on deteriorating assets rather than expanding and becoming profitable more quickly. These new businesses can establish or extend their facilities with the help of CSC Leasing's expertise in financing equipment and technology, preserv

11 Ways to Profit From Fertilizer in 2023

11 Ways to Profit From Fertilizer in 2023 Farmers are prompted to improve their 2023 crop-feeding practices by the global confluence of unpredictable fertilizer supplies and high cash corn prices. According to Gary Schnitkey, an agricultural economist at the University of Illinois, fertilizer prices will continue to be higher than the long-term norm. Farmers might purchase anhydrous ammonia, potash, and diammonium phosphate (DAP) in November 2021 for about $800, $600, and $717 per ton, respectively—farmers committed to such prices achieved predictability as well. These costs currently range between $1,400, $983, and $862 per ton. According to Schnitkey, fertilizer costs are anticipated to remain at current levels due to global unpredictability and a strong demand generated by high cash corn prices. "Break-even prices for maize and soybeans will be significantly higher in 2023, at or around $5 and $11, respectively. The requi

How to maximize your gasoline budget

How to maximize your gasoline budget These days, the inputs you purchase are leaving your planter as your tractor's diesel churns. But, compared to other information, the gasoline you currently use can be used longer. At seven ISU research and demonstration farms, Mark Hanna, an agricultural engineer with the Iowa State University (ISU) Extension, and other ISU researchers tested the efficiency of tractors. Here are some of the long- and short-term applications of the information they found. Gear up and throttle down. There is potential to reduce when a tractor is running at 2,200 rpm all the time, claims Hanna. When 100% drawbar power is not required, he advises gearing up and throttling to 1,600 to 1,800 rpm. This will reduce fuel consumption. According to the ISU testing, a combination of low gear and high throttle increased fuel consumption over seven field operations by an average of 26%. Hanna advises gearing up and

What are the tax advantages of land rental versus ownership?

What are the tax advantages of land rental versus ownership? Which is preferable—renting or owning land? The disparities between the tax benefits are rarely mentioned, even though both sides have many advantages in this recent hot-button issue in agriculture. Let's examine each opportunity's potential for a tax deduction. Landowner Property Taxes Property taxes on a house or land with a place on it are not tax-deductible, while all property taxes from farmland are. One must compare the home's value to the farmland's value to determine how much of a business's property taxes are tax deductible. Interest The down payment for the purchase and the principal payments on a farm real estate loan is not tax deductible. Despite this, loan interest payments are. It is also tax-deductible to pay interest on operational or equipment loans. Land Enhancements Owning farmland entails taking ownership of the land's cond

Beginning farmers get help to secure capital

Beginning farmers get help to secure capital In any industry, access to finance is essential for purchasing land, machinery, and other inputs. Still, in agriculture, it can be a significant barrier to entry for young and beginning farmers. Fortunately, several partners are available to help the next generation of farmers overcome the difficulty of obtaining capital. Plan ahead According to Kitt Tovar Jensen, one of the new farmers' most significant mistakes is needing a strategy. Tovar Jensen manages the Starting Farmer Center at Iowa State University (ISU). "Lenders will want to see a business plan when you seek a loan," she asserts. You must plan your route. According to retired banker Leslie Miller, a farm financial planning associate with ISU Extension, the business plan need not be formal; it could simply be a statement of your aims. "Most of the time, that is adequate if you can sit down and vocally exp

What does the net worth of the farm family mean?

What does the net worth of the farm family mean? With commodity prices at record highs and likely record-high land values, farmer net worth may be at levels never before seen. All things are relative, though. After reading a recent Yahoo Finance article, I was curious about how the average farmer's net worth compares to the average American's net worth. The article highlighted the findings of a Federal Reserve Consumer Financial Survey published in September 2020. According to the poll, an American household's average net worth is roughly $748,800. That amount appears to be alarmingly high at first look. Yet, the top 10% of households own around 70% of the wealth, significantly inflating the average (mathematical mean). Only $121,700 is obtained if you look at all American households' middle (median) net worth. This seems sensible, given that many families have loans for their autos and homes. The difference bet

Do not "pleading the fifth" for healthy soil

Do not "pleading the fifth" for healthy soil When the phrase "soil health" first appeared more than ten years ago, it both literally and figuratively transformed the agricultural landscape. The idea of soil health was not new, but the 1990s' increasing emphasis on it had a significant effect on how we as a society comprehend how farming practices affect our soil. Over time, we observed that nonprofit groups, land-grant institutions, and the USDA all supported soil health. By releasing their own version of the "principles of soil health," many of these groups made it clear that they were interested in soil health. Today, a fast web search turns up a variety of soil health principles that are all related to one another. The numerous variants reveal a strong agreement on these five principles for soil health: Minimize soil disturbance. Keep the soil covered. Maintain living roots in the soil. Maxi