US President Trump says US farmers will receive another round of cash subsidies

The U.S. Department of Agriculture announced back on Friday that it’ll be making a scheduled subsidy payment to US farmers in the week ahead.

  • the payments will be the second part of a three part $16 billion aid package announced in May to compensate farmers for the U.S.-China trade war
Trump claiming credit:
  • “Our great Farmers will recieve (sic) another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving” 
  • “The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”
The U.S. Department of Agriculture announced back on Friday that it'll be making a scheduled subsidy payment to US farmers in the week ahead.

Chinese Bank Pledges to Allot Some $460Bln to Fight Poverty in Next 5 Years (India's Forex Reserve $361 bln )

Within the framework of China’s five-year plan, which outlines the country’s economic development goals for the 2016-2020 period, Beijing plans to improve the prosperity of some 70 million Chinese nationals, whose wealth is below the poverty line, according to the government data.

According to the People’s Daily, money allocated by the ADBC are expected to fund education, infrastructure construction in the rural areas, resettlement programs, support corn farming and tourism.

The newspaper added that the proposed measures could improve the wealth status of the poorest citizens of China.

The ADBC is China’s bank which aims at the development of the country’s rural areas and agriculture by means of raising and allocation of special funds to support the sector, as well as agriculture-related business operations in line with Chinese legislation, according to the bank’s website.

What We Can Learn From Bamboo

A problem many market participants encounter is that they hold rigid views and systems which, just like the strongest steel and concrete, are destroyed under the right conditions.

It is nature that produces the strongest products of all, and we can learn from nature how to handle our trading. Take bamboo, for example: “the plants endure cold winters and extremely hot summers and are sometimes the only trees left standing in the aftermath of a typhoon. They may not reach the heights of the other trees, but they are strong and stand tall in extreme weather.”

This article “10 Simple Life Lessons from Bamboo” provides many lessons for us all.

Here are a few amazing things I have learned about bamboo over the years:

1. The young can grow very fast – 3 feet in a day.

2. Thickness of the young and the mature is about the same.

3. Most grow on barren land.

4. A whole forest of bamboos can come from a single root.

5. They blossom once about 60 years, after which they all die and allow new seeds to grow. (more…)

Panasonic develops tomato-picking robot

Panasonic has developed a robot to harvest tomatoes, starting field tests with an eye toward eventual commercialization.

     A miniature camera that captures more than 70,000 pixels is combined with an image sensor to identify ripe tomatoes by color. The robot picks them by the stem to avoid bruising and can work at times when humans are unavailable, such as at night.

      When a basket fills up, the robot is notified wirelessly and automatically replaces it with an empty one. Yield and quality can be managed through data. The prototype can pick one tomato every 20 seconds or so, but Panasonic seeks to slash this to six seconds with improved sensors.

     Panasonic has been applying its sensors and other technologies in the agricultural sector. It is making the jump to robotic farming at a time when Japanese farmers face a graying and shrinking workforce. The company is also considering using the machines at its own plant factories.

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