SHARE Previous articleAssociated Press ‘Investigative Report’ Skips Fact ChecksNext articleMF Global Lawsuit Dismissal Denied Gary Truitt By Gary Truitt – Nov 13, 2013 SHARE Brent GloyAccording to Purdue research, a year ago farmers felt there was only a 1 in 10 chance corn prices would drop to $4. With corn now at $4, they may have to adjust their expectations. Purdue economist Brent Gloy conducted the survey in 2012 and 2013 and says most growers were expecting corn prices to stay a lot higher a lot longer than they have, “Most thought corn prices would remain above $6, while only a few thought corn prices would fall to $4. It will be interesting to see how their outlook has changed when we do the 2014 survey.” Audio Playerhttps://www.hoosieragtoday.com//wp-content/uploads//2013/11/ABAwrap.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Home News Feed Are farmers Too Optimistic? Facebook Twitter In a presentation to the American Bankers Association, Gloy made the case that paying high prices for farmland – say $15,000 an acre – requires a very optimistic view of the future of the farm economy, “In our example, we showed how corn prices would need to stay above $6 for many years to make this kind of land purchase work; that or interest rates would have to stay at very low levels.” He feels that in both cases farmers may be too optimistic about the future of the ag economy. Facebook Twitter Gloy believes that tighter times are coming for agriculture in 2014 and 2015 and urges farmers to avoid debt, “Liquidity is very important when things get tight. Those who have the cash can take advantage of opportunities.” He encouraged farmers to be planning to have some liquid assets in the 2014 and 2015 time period. The ABA meeting is continuing this week in Minneapolis. Are farmers Too Optimistic?
Home » News » Rightmove’s CEO Nick McKittrick to retire in May previous nextProducts & ServicesRightmove’s CEO Nick McKittrick to retire in MayFounding executive to make way for COO Peter Brooks-JohnsonNigel Lewis24th February 201705,840 Views Rightmove’s CEO Nick McKittrick is to retire and leave the company at the forthcoming AGM on 9 May this year, although he will remain until June ‘to ensure a smooth transition process’.This brings an era to a close at the company, as McKittrick was one of the company’s founding executives.McKittrick worked as a technology consultant at Accenture before joining the team that began Rightmove in 2000, helping see off early rivals such as Assertahome and Propertyfinder. He was appointed to the board in 2004, made Chief Operating Officer in 2005, Finance Director in 2009 and Chief Operating Officer in 2013.The current COO, Peter Brooks-Johnson who like McKittrick is a board member, and has been in role since 2011, will take McKittrick’s job.“Nick has served Rightmove with 16 years of leadership, as remarkable for his success as with the modest way he has achieved it,” says Rightmove chairman Scott Forbes.“I speak on behalf of the Board and Rightmove employees when I say that we will miss Nick on both a personal and professional level.“We have greatly appreciated his contribution to Rightmove’s success and we wish him the very best for the future”McKittrick can afford to retire. As well as a pay package benefits package of £2.12m he cashed in shares during 2015 worth £7.4 million, and retains shares worth £5.2 million and options worth another £14 million.Rightmove Nick McKittrick February 24, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021