Is this the perfect FTSE 100 stock to own right now?

first_img See all posts by Edward Sheldon, CFA Edward Sheldon owns shares in Reckitt Benckiser. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Picking FTSE 100 stocks to invest within the current environment has its challenges. On one hand, you want to be investing in companies that are set for solid growth in the years ahead. On the other, you also want an element of defensiveness. Economic uncertainty remains extremely elevated due to Covid-19 and we can’t rule out a second stock market crash.Finding FTSE stocks that offer a nice mix of growth potential and resilience isn’t that easy. There are some stocks, however, that tick both boxes. Here’s a look at one such stock I like the look of right now.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The perfect FTSE 100 stock to own?Reckitt Benckiser (LSE: RB) is a leading FTSE 100 consumer goods company that focuses on health and hygiene products. It owns a leading portfolio of brands that are sold in nearly 200 countries and are trusted by millions of people worldwide. Its major brands include the likes of Dettol, Lysol, Finish, and Nurofen.Growth potential in a post-Covid-19 worldIn terms of growth potential, I see Reckitt Benckiser as very well-placed in a post-Covid-19 world. Given that we’re all likely to be far more focused on hygiene, demand for Reckitt’s products, such as Dettol antibacterial soaps and wipes, and Lysol disinfectant sprays, should be high. I’ll point out that in the first quarter of 2020, Reckitt reported like-for-like growth of 12.8% in its hygiene division with strong growth in most markets. That’s certainly encouraging.There are other growth drivers here too. One is the world’s ageing population. With the number of over 60s worldwide set to rise to 1.4bn by 2030, up from 901m five years ago, I can see demand for RB’s trusted healthcare products such as Nurofen, Gaviscon, and Mucinex steadily rising in the years ahead too.Overall, Reckitt Benckiser appears to have plenty of growth potential, in my view.A resilient FTSE companyAt the same time, Reckitt Benckiser can also offer investors portfolio protection. If the global economy does experience a prolonged recession due to Covid-19, you can be sure Reckitt will survive. That’s because it sells everyday products that people tend to buy, no matter what the economy is doing.And if the stock market crashes again, RB is likely to provide portfolio stability. In the recent crash, the stock only fell 20%, versus a decline of around 35% for the FTSE 100 index.Reliable dividend payerOn top of all this, Reckitt Benckiser is a very reliable dividend payer. Since the FTSE 100 company was formed in 1999, it has never cut its dividend. And in that time, the company has lifted its payout from 24p per share to 175p per share. Currently, the prospective dividend yield is about 2.4%.Putting this all together, Reckitt Benckiser has a lot going for it, in my opinion.Long-term buy-and-holdHowever, I’ll point out that Reckitt Benckiser shares aren’t super-cheap. With analysts forecasting earnings of 310p per share this year, the forward-looking P/E ratio is about 24. But I wouldn’t let that valuation put you off. Recently, Barclays raised its target price for the stock to 9,000p – 20% higher than the current share price.All things considered, I believe RB is the perfect stock to own right now. I’d buy the FTSE 100 stock today and hold it for the long term. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Our 6 ‘Best Buys Now’ Sharescenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Edward Sheldon, CFA | Friday, 3rd July, 2020 | More on: RKT Is this the perfect FTSE 100 stock to own right now? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Addresslast_img read more

United they stand!

first_imgPrint THE coming together of City and County Council’s into a joint local authority will spark much debate in the coming months, and even if there was a touch of anti-climax at City Hall on this Tuesday, the overall consensus is that Minister Phil Hogan’s decision is likely to result in Limerick taking on an exciting new dimension.City manager, Tom Mackey, told a meeting that he is awaiting comprehensive information to enable him fully brief the councillors and administrative staff in City Hall.Sign up for the weekly Limerick Post newsletter Sign Up He has called a special meeting for Monday next.Newly elected mayor, Jim Long, told the Limerick Post:“We didn’t get what we wanted but the city council’s role in the new single authority will have the greater force.“I also welcome the fact that the mayoralty will be for five years and that there will be a reduction in the rate base in the city. However, there will be a loss of jobs involved – in the administration departments and a drop in senior administrative staff”.Cllr Gerry McLoughlin, Lab, said:“This will bring the rates down, which will be welcomed – we have to be pragmatic about this.”Party colleague, Cllr Joe Leddin, suggested that in advance of the merger, both councils must immediately begin the process of working together to agree an overall vision for the development of the city.“We must move quickly to establish a joint working committee to prepare an overall plan for the city – while it may take a few years to complete a financial contribution from the county council to the city, in the meantime there must be an immediate reduction in the commercial rates for the city.Former mayor, Cllr Maria Byrne, welcomed the Minister’s accession to bring the suburbs into the city administrative area.“This will allow for far better planning and development and the entire region will reap the benefit. “Castletroy, Dooradoyle and Raheen, will now be included in the city area, which will create a viable urban area with a population of about 110,000 and an authority of 184,000, which will lead to much greater efficiency in providing services, and the University of Limerick will also come into the city area”.Querying the promise of significant savings achieved through the merger, Cllr John Gilligan, said: “There will still be two council buildings with two environment departments and while there can be savings in say, bulk buying and the purchase of equipment, there’s no justification for the minister’s claim that there will be an annual saving of €15million”.Dismissing the move as “regressive,” Cllr Maurice Quinlivan, claimed there had been no demand for a single local authority.“Limerick will be unique in Ireland, with just one local authority”.Meanwhile, Deputy Patrick O’Donovan, Newcastle West, sees the change as positive.“It will benefit city and county as it makes economic sense and will ultimately serve the people more efficiently than two separate authorities”.Limerick Chamber of Commerce has also welcomed the decision, as has Kieran O’Donnell, TD.. Email Advertisement NewsLocal NewsUnited they stand!By admin – June 30, 2011 424 Facebookcenter_img WhatsApp Linkedin Twitter Previous articleRates strangling business communityNext articleAthea Road Races marks 10th year adminlast_img read more

HHS urges business to plan for pandemic as economic impacts assessed

first_imgDec 9, 2005 (CIDRAP News) – Large businesses should examine their sick-leave policies and figure out ways to limit face-to-face contact, among many other steps to prepare for an influenza pandemic, according to a planning checklist released by federal health agencies this week.The list provided by the US Department of Health and Human Services (HHS) also calls on businesses to try to predict and allow for employee absenteeism and to set policies on restriction of travel to affected areas.Release of the checklist came the same week as a Congressional Budget Office (CBO) estimate of the economic impact of a pandemic and a House committee hearing on economic and other implications of the pandemic threat.”In the event of a pandemic, planning by business leaders will be critical to protecting employees’ health, limiting the negative economic impact and ensuring the continued delivery of essential services like food, medicine and power,” HHS Secretary Michael Leavitt said in a news release about the business checklist. Leavitt and other officials presented the checklist at a Business Roundtable meeting in Washington, DC, Dec 7.Earlier this week, HHS officials said they estimate that at the peak of a pandemic, up to 40% of people might stay home from work or school, either because of their own illness, a need to care for others, or fear of catching the flu. The estimate was cited by Dr. Bruce Gellin, head of HHS’s National Vaccine Program Office. The HHS pandemic flu plan says that a severe pandemic, similar to that of 1918, could sicken up to 90 million people, or about 30% of the population.In a recent survey, 70% of 179 companies said they would need help in determining how to prepare for a pandemic, and almost 40% said there wasn’t much a company could do to prepare, according to a Bloomberg News report. The survey was conducted by the consulting firm Deloitte & Touche USA LLP and the ERISA Industry Committee, a nonprofit organization.Suggested planning stepsHHS’s “Business Pandemic Influenza Planning Checklist” is intended for large businesses, but it doesn’t spell out how large. It was prepared by the Centers for Disease Control and Prevention. The list offers 35 suggestions grouped in six categories. Below are some sample suggestions from a few of the categories.Plan for the impact of a pandemic on your business:Identify a pandemic coordinator and/or team with defined roles and responsibilities for preparedness and response planning.Identify essential employees and other critical inputs required to maintain business operations.Determine the potential impact of a pandemic on company financial results under multiple possible scenarios.Establish an emergency communications plan.Plan for the impact of a pandemic on your employees and customers:Forecast and allow for employee absences during a pandemic due to factors such as personal illness, family member illness, and quarantines.Implement guidelines to modify the frequency and type of face-to-face contact among employees and between employees and customers.Encourage and track annual influenza vaccination for employees.Establish policies to be implemented during a pandemic, including:Compensation and sick-leave absences unique to a pandemic, including policies on when a previously ill person can return to workFlexible worksite (eg, telecommuting) and flexible work hours (eg, staggered shifts)Restricting travel to affected geographic areas, evacuating employees working in or near an affected area, and guidance for employees returning from affected areasCoordinate with external organizations and your community:Collaborate with federal, state, and local public health agencies and/or emergency responders to participate in their planning processes.Share best practices with other businesses.Potential economic damage assessedRelease of the checklist came the day before the CBO issued estimates of the possible economic impact of a flu pandemic.In a report prepared at the request of Senate Majority Leader Bill Frist, R-Tenn., the CBO estimated that a severe pandemic like that of 1918 would cut gross domestic product (GDP) in the ensuing year by about 5%. By comparison, the typical business recession in the United States since World War II cut GDP by 4.7%, the report says. The estimate is based on a pandemic scenario involving 90 million illness cases and 2 million deaths.In a milder pandemic, like that of 1957 or 1968, GDP would be reduced by about 1.5%, according to the CBO. This “probably would not cause a recession and might not be distinguishable from the normal variation in economic activity,” the report says. This second scenario assumes 75 million cases with about 100,000 deaths.The CBO report was criticized as misleading by Michael T. Osterholm, PhD, MPH, a leading pandemic preparedness proponent and director of CIDRAP, publisher of this Web site. He called the report “overly simplistic” because the CBO assessed only two types of economic impacts: lost work days and reduced sales due to restricted social interaction.”Had they done a more thorough evaluation, they would have looked at the loss of supply-chain integrity,” Osterholm told CIDRAP News. “The inability to transport products would result in a much greater impact” than the CBO estimated.Osterholm gave his own view of the potential economic damage at a Dec 7 hearing of the House Committee on International Relations.He predicted that a severe pandemic would bring “an abrupt halt” to global, regional, and national economies. “Foreign trade and travel will be reduced or even ended in an attempt to stop the virus from entering new countries—even though such efforts will probably fail given the infectiousness of the virus and the volume of illegal crossings at most borders,” he said.He predicted that curtailment of international trade will trigger shortages of critical products, such as those needed to maintain water, power, and communication systems and meet health needs unrelated to flu prevention and treatment.As a prime example of an area demanding “critical product continuity” planning, Osterholm said the US pharmaceutical industry obtains more than 80% of its raw materials from foreign sources. “Any interruption of trade and transportation of multiple regions of the world will result in numerous pharmaceutical products not being available in this country or at the minimum, they will be in very short supply,” he said.He added that the common business practice of maintaining very limited inventories of raw materials and products will likely exacerbate the problems if a pandemic interrupts trade.”We must understand the implications and plan for the shutdown of our global economy and supply chains now, not during a pandemic,” Osterholm asserted.See also:Dec 7 HHS news release planning checklist 29 CIDRAP News story “Business leaders stress importance of pandemic planning”last_img read more

NPFL: Why Plateau United suffered defeat in Katsina – Media Officer

first_imgRelatedPosts NPFL: Coach Dogo leaves Sunshine Stars NFF sanctions NPFL 2019/2020 final table Plateau United dedicates continental ticket to fans Albert Dakup, the Media Officer of Nigeria Professional Football League side, Plateau United FC of Jos, has blamed defensive error for the club’s defeat in the hands of Katsina United FC in week 13 match of the tournament. Dakup gave the explanation in an interview with News Agency Nigeria on Friday in Jos. NAN reports that Katsina United had defeated Plateau United 1-0 in the NPFL encounter on Wednesday in Katsina. According to the media officer, Plateau United played better even after conceding the goal as early as 14 minutes into the match, but that Katsina United had home support to their advantage. He also attributed the defeat to the home side’s “ground being their fortress”, adding that the turf was a difficult ground to get result from. “Our boys played well even after conceding the goal as early as 14 minutes into the match, but in a game of such nature points are very important. What counts at the end of the day is who won the game. “We lost largely because of a defensive error. When you are playing away from home, you need to tighten things at the back; you won’t leave anything to chance. “It is not easy playing away and that ground in Katsina is a very difficult place to get result from. The highest you can get is to pick a draw. “But even after conceding the early goal, our boys did not relent, they created a lot of chances but didn’t convert them. “But one thing is clear, the team is still moving stronger and we are on course,” he said. The spokesman called on the team’s fans and people of Plateau to exercise patience, adding that by the time the club was done with the first round, it will be better. He expressed optimism that the team would beat Akwa United FC in its week 14 home clash.Tags: Albert DakupKatsina United FCnpflPlateau Unitedlast_img read more


first_imgARCADIA, Calif. (May 12, 2016)–Irish-bred Hunt rallied to win Thursday’s $63,000 allowance feature at Santa Anita by one length under Flavien Prat as he got 6 ½ furlongs down Santa Anita’s unique hillside turf course in 1:13.65.Conditioned by Phil D’Amato, the 4-year-old gelding notched his second allowance win in a row down the hill and got his third win in his last four starts–all of them down the hillside turf at 6 ½ furlongs and all of them in partnership with Prat.Fourth as the field crossed the dirt and back onto the turf at the top of the lane, Hunt rallied four-wide and overtook English-bred Producer a sixteenth of a mile from home while holding off longshot Forever Juanito for the win.Owned by Michael House, Hunt was off at 3-1 in a field of seven 3-year-olds and up and paid $8.20, $4.40 and $2.80. Hunt improved his overall mark to 15-4-5-2 and with the winner’s check of $37,800, increased his earnings to $174,329.Ridden by Agapito Delgadillo, Forever Juanito, who was the biggest price in the field at 17-1, held off No Silent by a neck for the place and paid $15.20 and $7.20.Ridden by Rafael Bejarano, No Silent was finishing well late, but didn’t threaten the winner, finishing three quarters of a length in front of favored Cape Wolfe for third. Off at 3-1, No Silent paid $2.80 to show.With Spirit Rules and Iggy Puglisi showing the way to the furlong pole, fractions on the race were 22.12, 44.16 and 1:07.45.Kentucky Derby winning jockey Mario Gutierrez was welcomed back to Santa Anita on post parade for race one, but his mount, Tap It All, a first time starter trained by Doug O’Neill and owned in-part by Reddam Racing, LLC, was unable to live up to the standard set by her superstar stablemate, undefeated Nyquist, as the 2-year-old daughter of Tapizar ended up a well beaten second at odds of 1-9.First post time for an eight-race card on Friday at Santa Anita is at 2 p.m. Admission gates open at 11:30 a.m.last_img read more

Blevins comes off bench to lead Broncos

first_img “I think she just took really good shots tonight,” said Thomas, whose team plays host to No. 23 Cal State Bakersfield at 5:30 tonight. “There was no doubt what we were going to do in the first half. We were going to go to her each and every time if we had to.” Going to Blevins from the get-go hasn’t become an every-game occurrence yet. She scored a season-best 26 points in an overtime loss to Grand Canyon on Dec. 9, but has started just three of Cal Poly’s 10 games and is averaging just 21.4 minutes per contest. More time for Blevins will come with more work during the week, Thomas said, and Blevins agreed. “I have to play hard every day,” Blevins said. “I’m working on it. I’m almost there. I just need to take one more step.” Last week Blevins keyed a comeback with 12 of her 14 points coming during a 19-4 run that helped Cal Poly take the game away from Minnesota Duluth. On Friday, with her team trailing because of sloppy ballhandling, Blevins entered the game eight minutes into the first half and turned the tide again. She beat her defenders off the dribble, jumped passing lanes for steals and stepped back and hit long-range jumpers for 10 points during a 12-0 run that helped Cal Poly take a 20-11 lead. She finished the period with 12 points on 6-of-9 shooting and Cal Poly, with its defense forcing 12 first-half turnovers, owned a 31-22 lead at the half that held up even after Cal State L.A. closed to within four points in the second half. Alexis Wilson finished with 14 points on 6-of-8 shooting, Shanika Perkins connected on three three-pointers on an 11-point night and Ashley Moody turned in 11 points. CAL STATE LOS ANGELES (51) Brittany Henderson 1-6 7-17 9, Charmaine Utz 3-7 3-5 9, Shayna Stanley 7-14 0-0 14, Monique Diaz 2-3 1-1 2, Monica Tokoro 3-7 0-0 6, Amber Fouse 1-3 0-0 3, Staci Mitchell 0-0 0-1 0, Amber Todd 1-4 0-0 1, Claudia Rodriguez 0-0 0-0 0, Tiffaney Maddox 1-7 1-1 2. Totals 19-51 12-22 51. CAL POLY POMONA (67) Porsche Kirksey 1-1 1-4 4, Ally Smith 1-5 0-0 2, Alexis Wilson 6-8 2-2 14, Ashley Moody 4-13 3-4 11, Shanika Perkins 3-5 2-2 11, DeJa Blevins 10-16 3-5 23, Unique Anderson 1-5 1-3 3, Lauren Kitaguchi 0-0 0-0 0, Khiara Ferguson 0-0 0-0 0, Rachel Gatdula 0-0 0-0 0. Totals 26-53 12-20 68. Cal State 22 29 – 51 Cal Poly 31 36 – 67 Three-point goals: CSLA 1-9 (Fouse 1-2, Henderson 0-1, Stanley 0-1, Tokoro 0-1, Todd 0-2, Maddox 0-2), Cal Poly 3-5 (Perkins 3-4, Moody 0-1).Team fouls: CSLA 19, Cal Poly 16. Rebounds: CSLA 34 (Henderson 7), Cal Poly 36 (Kirksey 7). Assists: CSLA 11 (Utz, Tokoro 4), Cal Poly 12 (Wilson, Moody 3). Fouled out: none. Technical fouls: none. A 312. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan Clarkson Two weeks ago, progress and happiness were scarce on the Broncos’ bench. Cal Poly had lost four games in a row, three of those coming to traditionally strong programs, and appeared to hit rock bottom during a school-worst 42-point loss to Western Washington on Dec. 21. But Cal Poly ended that skid with a 71-64 victory over No. 19 Minnesota Duluth last week, a victory that snapped a 12-game winning streak for the Bulldogs, and then came back with a double-figures win over a Cal State L.A. team (8-2, 2-1) that had only lost to Division I Cal Poly (San Luis Obispo). Both wins saw plenty of defense and a lot of Blevins off the bench. On Friday, Cal State L.A. turned the ball over 22 times and shot 37.3 (19-of-51) from the field in scoring 51 points, the lowest total for a Bronco opponent this year. Blevins connected on 10-of-16 from the field a week after coming off the bench for 14 points against Minnesota Duluth. POMONA — DeJa Blevins didn’t transfer to Cal Poly Pomona to come off the bench. But the Division I bounceback is turning heads anyway. center_img Blevins, a transfer from Long Beach State, scored a game-high 23 points in relief, the Broncos turned in their best defensive effort of the season and Cal Poly won its second game in a row, a 67-51 decision over Cal State Los Angeles on Friday at Kellogg Gym. The win evened the Broncos’ record at 5-5 after an up-and-down start to the season. “That’s a good game for us,” said Cal Poly head coach Paul Thomas, whose team improved to 2-1 in California Collegiate Athletic Association action. “We’re making progress. … I’m happy about that.” last_img read more

Retiring Divac left lasting mark

first_imgEL SEGUNDO – Through a door he helped open for players from all over the world, Vlade Divac exited from basketball Monday, following 16 seasons in which his greatest assist came as an ambassador for the game. The last of the first wave of European stars to play in the NBA, Divac announced his retirement at the Lakers’ practice facility and accepted a job that should keep him in the organization for years to come. The Lakers hired Divac to work in a still-to-be defined capacity, most likely as a European scout. Divac could also be a trail blazer again – as the first European-born former player to work as a coach or general manager. “It’s not a far-fetched concept at all that Vlade could one day be a front-office manager or a coach in the NBA,’ Kupchak said. Divac played in only 15 games last season for the Lakers due to back problems. He suffered a herniated disc during a September workout, underwent back surgery in January, but never could get his back to fully cooperate. “With the injury that I had, it just wasn’t fun,” Divac said. “I knew if I didn’t have fun, I couldn’t play my best.’ Ross Siler, (818) 713-3610 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! “It was a great ride for me,” Divac said. “I met a lot of people, traveled all around the world. Now I have more time to spend with my family. And I’m sure my life after basketball is going to be, hopefully, even better.” He was a fan favorite everywhere he went, the only exception when he flopped to the court in a visiting arena. But Divac more importantly was a pioneer in a game that now can be seen on television in nearly every country on the globe. center_img On the day he retired, the NBA could put into numbers the effect Divac had on the game. When he came to the Lakers from the former Yugoslavia in 1989, the league could count 25 players from 19 countries on its rosters. By Divac’s final season, the NBA was populated by 81 players from 35 different countries. The second generation of European players, including Divac’s close friend Peja Stojakovic, already has come to the league. “He just showed that nothing is impossible for us overseas,” Lakers guard Sasha Vujacic said. Divac retired with a unique place in league history, despite never winning a title. He was the center to replace Kareem Abdul-Jabbar and then Shaquille O’Neal in the Lakers’ lineup. If not for Divac being traded to Charlotte in 1996, the Lakers might not have been able to draft Kobe Bryant. Then in Sacramento, Divac helped turn around the fortunes of the Kings after several losing seasons. last_img read more

Watch: Steph Curry tries to recreate tunnel shot at Chase Center

first_imgStephen Curry, seemingly always up for a challenge, re-created his beloved tunnel shot from Oracle Arena under adverse conditions at the new Chase Center Saturday night.Related Articles Warriors resemble team of old, Kevon Looney isn’t ready, and other thoughts from loss to Trail Blazers Why the Warriors want to keep Damion Lee beyond this season center_img Kerr promises Smailagic ‘will 100%’ leave Santa Cruz for Warriors this year …last_img

NFU applauds Green New Deal Congressional action on climate change

first_imgShare Facebook Twitter Google + LinkedIn Pinterest U.S. Senator Ed Markey of Massachusetts and U.S. Representative Alexandria Ocasio-Cortez of New York today released a framework for what they call a “Green New Deal.” The resolution is meant to kickstart broad discussions on how the U.S. will both mitigate and adapt to climate change, which is current projected to drastically alter the U.S. economic and social stability.“Farmers Union members understand the need for action on climate change, and they will be active in ensuring farmers have the tools and incentives they need to both adapt to and help mitigate climate change,” said Rob Larew, National Farmers Union (NFU) Senior Vice President of Public Policy and Communications. “American family farmers are primary stakeholders in the battle against climate change, as they’ve been withstanding increasingly devastating natural disasters, including floods, drought, wildfires and hurricanes. The impacts on not only their individual bottom lines, but also on their communities, have already been significant, and they will be exacerbated by more severe disasters.“NFU stands ready to work with Congress to ensure that federal legislation recognizes what’s at stake for farm families and rural communities, and what potential we have to offer national and global efforts to sequester carbon and curb the worsening effects of climate change.”last_img read more

Senate subcommittee taking a look at water rule

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The EPA’s latest proposal to define which waters can be regulated by the federal government and which by state and local authorities is a vast improvement over previous efforts, Wyoming Farm Bureau President Todd Fornstrom told the Senate subcommittee on Fisheries, Waters, and Wildlife in June.Expensive professional services needed to comply with the Clean Water Act, he said, too often make it impossible for farmers to use their own land to its fullest.“Farm Bureau cannot overstate the importance of a rule that draws clear lines of jurisdiction that farmers and ranchers can understand without needing to hire armies of consultants and lawyers,” Fornstrom told the subcommittee. “The (Clean Water Act) carries significant fines and penalties for persons who violate the Act’s prohibitions. Historically, farmers and ranchers have chosen to forfeit full use and enjoyment of their land rather than go down the onerous and expensive path of seeking CWA 404 permits. The cost to obtain a general permit can exceed tens of thousands of dollars and individual permits can cost hundreds of thousands of dollars. Farmers and ranchers know these costs exceed the value of their land, which leads them to simply stay out of the regulatory quagmire by forgoing the use of their land without compensation.”Fornstrom praised the latest proposed rule for its preservation of the Clean Water Act’s partnership among federal, state and local regulators.“The CWA requires the federal government to work hand-in-hand with states, because the federal government cannot and should not regulate every single wet feature in every community, he said. “By drawing clear lines between waters of the U.S. and waters of the state, the proposal strengthens the cooperative federalism Congress envisioned and that the Supreme Court has long recognized as fundamental to the Clean Water Act.”last_img read more