The essence of agriculture is converting energy from the sun into feed, food, fuel, and fiber. In a letter to George Washington, Thomas Jefferson described agriculture as “our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness.” Many agricultural...
American family farmers and family fishermen 1 are not immune to the effects of the current condition of the general economy. A recent industry analysis indicates that the three most pressing concerns of respondents surveyed in September 2022 were: 1) higher input costs; 2) rising interest rates;...
The American agricultural industry is considered the breadbasket of the world. The U.S. is the world’s largest exporter of cereal grains and can produce enough food to feed the U.S. population twice over. 1,2 Yet trouble is brewing in the industry. Global food prices reached an all-time high in...
In the wake of the COVID-19 pandemic, the surviving airlines have accelerated cost-cutting efforts, curtailed capital expenditures, and reduced their fleets. Arguably, airlines are in a much stronger operational position to cope with volatile operating environments. However, the highly uncertain...
Since 2020, at least five multinational airlines have filed for Chapter 11 bankruptcy 1 protection before the U.S. Bankruptcy Court for the Southern District of New York. 2 These cases provide a lens through which airlines and restructuring professionals can view potential restructuring efforts and...
The COVID-19 pandemic hit the bottom line of many businesses. Among the hardest hit industries has been the travel industry and, in particular, airlines and aviation companies. After suffering a complete shutdown at the beginning stages of the pandemic, airlines struggled to generate ticket sales...
Airlines were among the industries hardest hit by the global pandemic. Though conditions have improved somewhat since travel reopened, airlines continue to face challenges with staffing, increased costs for fuel, and other inflationary pressures. This issue of the JCR offers insights into how...
Q: How did you gravitate into lending into turnaround or distressed situations as opposed to other types of lending? KANE: As you know, 98% of the bankers who participate in TMA are lenders. I am not. I’m a transactional services guy, so I work in US Bank’s Global Corporate Trust Services, which...
The company was failing. A huge backlog, decreasing quality, and a general feeling of malaise had become the standard. The company had recently been bought by a holding company, which sent in a new president to fix the problem. The new president recognized that the company’s problems stemmed...
Driving sales of a company’s most profitable customers can make the difference between success and distress. To do so, one first must understand how much each customer contributes to the bottom line. This is not as simple as it sounds in certain industries, such as the aftermarket automotive. In...
