Finance Overhaul Casts Long Shadow on the Plains
August 12, 2010
Far from Wall Street, President Barack Obama's financial regulatory overhaul will leave tracks across the wide-open landscape of American industry.
Designed to fix problems that helped cause the financial crisis, the bill will touch storefront check cashiers, city governments, small manufacturers, home buyers and credit bureaus, attesting to the sweeping nature of the legislation, the broadest revamp of finance rules since the 1930s.
In Nebraska farm country, those in the business of bringing beef from hoof to mouth are anxious, specifically about the bill's provisions that tighten rules governing derivatives. Some worry the coming curbs will make it riskier and pricier to do business. Others hope the changes bring competition that will redound to their benefit.
Farmers like Jim Kreutz use derivatives to soften the blow should the price of feed corn drop before harvest. His brother-in-law, feedlot owner Jon Reeson, turns to them to hedge the price of his steer. The local farmers' co-op uses derivatives to finance fixed-price diesel for truckers who carry cattle to slaughter. And the packing plant employs derivatives to stabilize costs from natural gas to foreign currencies.
Derivatives are financial instruments whose value "derives" from something else, such as interest rates or heating-oil prices. The first derivatives were crop futures, which appeared in the U.S. at the end of the Civil War and became a standard facet of business for companies across America.
President Obama and other proponents say the financial overhaul will prevent the kind of reckless lending and borrowing that sank the financial system and left taxpayers with the check. They say non-financial companies are worrying unduly about the derivatives portion of the legislation.
The full impact won't be known for years, but in Nebraska nerves are already on edge.
To read the full story, visit The Wall Street Journal
SRDC in Search for New Director
The search for a Director for the Southern Rural Development Center continues. This is a 12-month, tenured faculty appointment in the Department of Agricultural Economics. The faculty member in this position serves as Director of the Southern Rural Development Center. As one of four regional centers, the Southern Rural Development Center (SRDC) works with 13 Southern states, Puerto Rico and Virgin Islands to initiate, foster, and facilitate regional research and education efforts that contribute to an increased quality of life for residents of the Southern region. The SRDC is partially federally funded and hosted by Mississippi State University.
Minimum Qualifications: The Director must have a Ph.D. in Agricultural Economics, Economics, Community Development, Rural Sociology, or a closely related area. Must qualify for rank of Associate Professor or Professor with tenure in the Department of Agricultural Economics. PARF Number: 7429
Learn More | March 13, 2015
NACDEP Conference Registration Open
May 17 – 20, 2015
National Association of Community Development Extension Professionals 2015 conference registration is now opem. Be sure to register by April 17 for the early bird pricing. The conference will be held in Little Rock, Arkansas. The theme for this year is Building a Rock Solid Future. For more infomation on booking a hotel room please visit DoubleTree by Hilton.
Learn More | March 13, 2015
NET 2015 Call for Proposals
The NET 2015 Call for Proposals is now open. A 400 word abstract should be submitted through our online form at
We are pleased to have Keynote Speakers Carol Patterson of Kalahari Management and Kelly De Schaun of the Galveston Parks Board & CVB confirmed for the conference and are finalizing an exiting and engaging set of field programs for the first day of the conference! Initial information is posted on the conference web site.
Please find the attached information regarding The National Extension Tourism Conference (NET 2015) http://extensiontourism.net , being held in Galveston, Texas October 27-30, 2015. This is an outstanding opportunity for both service providers and tourism businesses to share their success stories, programs and research with others who are interested in tourism activities. Please share with anyone who may be interested
Learn More | March 2, 2015
SRDC Annual Report
SRDC is constantly moving forward to create a better future for a better South. The 2014 SRDC Annual Report captures how to create communties by the variety of Extension and Research activities spearheaded by the Center over the past year in partnership with its land-grant university colleagues and key external collaborators
The report devotes special attention to SRDC projects that broaden the voices of the people who are working together to make life better for their communities and regions. Our Turning the Tide on Poverty initiative, Stronger Economies Together (SET) program, and ReadyCommunity training all promote citizen engagement and community vitality.
Please take a look and explore the accomplishments and highlights in the 2014 SRDC Annual Report.
Learn More | February 18, 2015
Community Behavioral Health Early Warning System - Index Partner Communities - Call for Proposals 2015
The Substance Abuse and Mental Health Services Administration, the USDA National Institute of Food and Agriculture, and the Regional Rural Development Centers are partnering to implement a national program of early warning systems with respect to community-level incidence of behavioral health issues (e.g. substance abuse, mental illness). Increasing behavioral health issues impose costs on communities via treatment, law enforcement, and long-term impacts on individual and family productivity. The incidence of these issues and how they are expressed varies by place and across time, so local monitoring and intervention techniques are important.
Learn More | February 18, 2015
Bonnie Teater Award Nominations are Due April 1
The Southern Rural Development Center is pleased to announce that nominations are being sought for the Bonnie Teater Community Development Early Career Achievement Award for 2015. This award honors the work of a "rising star" who has already achieved great things in his/her early career in community development.
Learn More | January 26, 2015