Evolution of poultry processing in America Essay

Evolution of poultry processing in America - Essay Example At the end of 19th century poultry in USA were raised primarily for their eggs. In the early 1920s farmers, mainly women, began to sell eggs and meat on a market. By 1925 many farmer had already sold out poultry by rail. So, for 30 years home production of poultry had been turned into industry. In the 1930s, in some agricultural regions feed salesman sold to the farmers baby chicks in order they feed them on credit. When the chicks were grown, they buy chickens back at a price that would cover his costs and guarantee farmers a profit (Stull, Broadway, 1995). In some years these businessmen were able to open their own poultry processing plant and hatchery. So, during this period the poultry production was divided into several different sectors which include local growers, hatcheries, feed mills and processing plants all operating independently of one another. "The farmer switched from plant to plant based on the timing of each plant's needs. The biggest problem with this type of arrangement was a lack of protocol" (Stull, Broadway, 1995). During this time, there was no standard plan in order to give detailed instructions for farmers and processing plants to raise birds or hatcheries to process chicks or mills to formulate ingredients for feed (Moreng, Avens, 1985). At this period manual ... In addition the poultry processing work was dangerous, repetitive, and unhealthy. At the end of 1930s, when the Second World War began (1939), there was a significant growth in the poultry industry, and poultry consumption. The main buyer was the War Food Administration which reserved the processed chicken from many US states. This was an advantage for poultry plans as they can estimate the quantity of products having a guaranteed buyer. During the war period there was a shift from "New York dressed" (with head, feet, and entrails intact) to fully processed chickens (without head, feet, and entrails), and later to frozen birds, which became the industry standard (Moreng, Avens, 1985). In the middle of the XX century poultry industry grew remarkably. According to statistical data the number of farms involved in poultry production rose from 230 to 3,499 between 1939 and 1950. Many poultry processing plans integrate innovations and completed the vertical integration of their plants. These changes were caused by scientific discoveries and improving technology, which resulted in high productivity of plants. On the other hand, because of advances in technology and the need for constant refinancing to modernize chicken houses, the number of frames went bankrupt. For instance, "In Hall County only one-sixth of the number of contract growers in 1950 produced six times as many chickens in 1997" (Ensminger, 1992). The cooperative was developed to integrate the functional areas under one plant attempting to reduce costs with economies of scale and create standards that control quality from the hatching egg through the processing plant. To further cement the functional areas, the company was consolidated under our current management

Insurance Research Paper about the Real Estate Development Industry

Insurance about the Real Estate Development Industry - Research Paper Example emand pool for real estate industry has increased due to various reasons of zero tax rules for foreign investor, strong international and domestic marketing campaigns, high rental on residential property, residence visa facility by property developer and speculation on short term market gain (Kumar, Agarwal, & Khullar). 2.0 Topic 1. Insurance in Real Estate Industry Real estate property dealers or common residents need to submit various documents like Police Report of burglary or any kind of criminal activity caused property loss, report about estimated damage or loss, surveyor report about property condition and relevant papers required by insurance company to get insurance cover. 2.1 Quotation Dhs.1, 500/- is deducted by insurance company from the claim amount on every loss while quotation value depends on the location and building condition of property. Insurance company and real estate property developers decide quotation amount after mutual agreement. In accordance with Dubai Is lamic Insurance & Reinsurance Co, proposal for real estate industry following insurance covers can be used to answer the question. 2.2 Perils Covered Under Insurance Building and all inside fixtures are protected by insurance cover, Loss of Rent due to fire accident, Sign Board of the company or any kind of hoarding, fixed metal plate work and glass work inside the building. Standards perils like Fire, Malicious Damage, Storm, Flood, Impact, Earthquake, Riots, Strikes, Lightning Explosion and Bursting of Pipes are also covered by insurance scheme. 2.3 Additional Benefit Additional benefits like Debris Removal, low Architect and Surveyors fees and reimbursing Fire Extinguishing expenses are also offered by some insurer to property developers. 2.4 Perils Not Covered Under Insurance Perils... This paper stresses that the present financial crisis may be regarded as a banking crisis, but there are hardly any possibilities of the solvency of the insurance industry. However to a certain extant the insurance industry on a whole has been affected by the ongoing financial crisis. To be more specific the insurance companies which are mainly involved in the real estate insurance also got hugely impacted. Mostly there have been adverse effects were adverse for the companies. The financial crisis had a visible impact on the insurance companies, principally due to their investment portfolio. Meanwhile as the crisis further spread, the valuations of the financial market worsened drastically. Apart from that a number of strenuous exposures were also reveled in the form of market and credit risks. This report makes a conclusion that the real estate insurance companies, during the midst of the crisis period were finding it difficult to sustain, due to extreme downward pressure. The real estate insurance companies are generally large investors and they highly depend upon the long term investment prospect, unlike banks and other financial institutions. Owing to the fact that declining household income reduces the demand of various products, similarly the demand of real estate insurance has greatly reduced due to the crisis. Furthermore, the financial crisis has also abridged activities pertaining to real estate. This has automatically minimized the need of the real estate insurances. Thus it can be concluded that the ongoing financial crisis did impacted the insurance companies which insured real estate to a large extant.