Illinois farmers give up on planting after floods, throw party instead
Dozens of corn farmers and those who sell them seed, chemicals and equipment gathered on Thursday at the restaurant in Deer Grove, Illinois, after heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.
The storms have left millions of acres unseeded in the $51 billion U.S. corn market and put crops that were planted late at a greater risk for damage from severe weather during the growing season. Together, the problems heap more pain on a farm sector that has suffered from years of low crop prices and a U.S.-China trade war that is slowing agricultural exports.
Forecasts for even more rain sent U.S. corn futures to a five-year high on Friday, though fewer farmers will benefit from soaring prices because of the planting disruptions…
The path to a long and successful career is often more about the journey than the destination. Long before Tom Lawson reached the upper echelons of commercial property insurer FM Global, he began at the firm as a field engineer, conducting risk assessments, providing loss prevention engineering recommendations to clients, and gaining exposure to the wide range of industries and Fortune 1000 companies to which FM Global brings value.
For 23-year-old Lawson, the experience proved invaluable, and the more he did the work, the more he enjoyed it and saw how the company’s values aligned with his own…
Building organisational resilience for the future
Two things stand out about risk today and what it means for chief executives and corporate boards in the future. One is that the number of serious threats will continue to increase. Established threats, such as political instability, environmental disasters and regulatory action, now sit alongside newer, rising threats such as cyberbreaches, climate change and the malicious use of cognitive technologies.
The other is the increasing challenge of resolving these crises when they arise. Everyone knows that the world is now exceptionally well connected. The public, governments and corporate partners demand increasing transparency and accountability. Disinformation is a growing problem. This creates unprecedented scrutiny and complexity for chief executives and their teams when working through a crisis…