logo
CT town blocks dairy farm plan for manure lagoon. Cow odor from nearby community raised as issue.

CT town blocks dairy farm plan for manure lagoon. Cow odor from nearby community raised as issue.

Yahoo15-05-2025

The manure lagoon is a no-go for now.
A crowd of Somers residents was pleased Tuesday night when zoning officials blocked Oakridge Dairy's plan to truck tons of cow manure to a nearly 3-acre man-made lagoon on Watchaug Road.
But the dispute isn't over, since the decision didn't address whether large manure pits are allowed in town. The unanimous vote said Oakridge can't simply proceed, but instead would have to through the formal review process of applying for a zoning permit.
Scores of residents showed up at the zoning board of appeals hearing, with several arguing why they think the Ellington-based Oakridge shouldn't be allowed to dig an open pit for storing millions of gallons of cow manure and water.
A zoning regulation that permits 'farm ponds' shouldn't apply to this case, they argued.
'A pond that contains water isn't the same as a pond that contains diluted manure,' Ann Levesque said. 'Somers doesn't want to be another Smellington.'
Smellington is a word used to deride another town in the state, Ellington, which has many cows.
Attorney and long-time resident John Parks, who helped write Somers' most recent zoning rules, agreed.
'They're exporting waste from Ellington to Somers under the guise of fertilizer,' he said, drawing applause.
The cows at Oakridge, the state's largest dairy, are generating more waste than the company can handle at its Ellington property, he contended. But that shouldn't be Somers' problem, he argued, saying 'I think Ellington allowed it, Ellington embraced it, Ellington should keep it.'
The hearing wasn't directly about whether Somers should allow manure lagoons, appeals board members emphasized. Instead, the issue was whether the zoning enforcement officer should have allowed the company to proceed without going through the permitting process. Town Attorney Carl Landolina advised her to do that, saying the pit would qualify as agriculture — which is far less regulated that commercial or industrial operations.
But neighbor Owen Jarmoc filed an appeal; his attorney, Dwight Merriam, argued Tuesday night that the decision to let the project advance was made without enough information. A rule allowing for a farm pond was intended to help very small operations with one or two horses, not a high-volume business that could be sending 1,400 tractor trailerloads of manure a year to its Watchaug Road land, he said.
'The zoning commission never intended a 2.91-acre, 7.4 million-gallon open manure storage (pit)' as an assumed right in town, he said.
Dorian Reiser, Oakridge's attorney, argued that the only question for the board to decide was whether the operation would be agriculture.
'We're not getting into how this would be constructed, how it will be managed,' she said.
She said the pond is designed for irrigation, not storage.
'Oakridge has been farming this property for years,' Reiser told the board. 'I don't care if this is a farm pond. This is an agricultural use. '
Jill Conklin of School Street said driving by Oakridge's Ellington facility is unpleasant.
'I drive by Oakridge every day. A lot of times we close our windows when we get to that area, it does smell at certain times of the year,' she said.
The trailers loaded with diluted manure are open on top, and there's sloshing at stop signs and red lights that creates large spills on streets, she said.
'If you drive through this stuff, get it up in your wheel wells and park in your garage, your whole house is going to stink,' she said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PsiQuantum Eyes $750M Raise As BlackRock Doubles Down On Light-Based Supercomputers Amid Nvidia's Quantum Reversal
PsiQuantum Eyes $750M Raise As BlackRock Doubles Down On Light-Based Supercomputers Amid Nvidia's Quantum Reversal

Yahoo

time23 minutes ago

  • Yahoo

PsiQuantum Eyes $750M Raise As BlackRock Doubles Down On Light-Based Supercomputers Amid Nvidia's Quantum Reversal

Quantum computing startup PsiQuantum is seeking to raise at least $750 million in a funding round led by BlackRock (NYSE:BLK), aiming to double its valuation to $6 billion, San Francisco Business Times reports. The Palo Alto-based company is developing a fault-tolerant quantum computer using photonic qubits, leveraging traditional semiconductor manufacturing techniques. According to PsiQuantum's website, the company's approach involves using photons as qubits, allowing for scalability through existing chip fabrication processes. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Maximize saving for your retirement and cut down on taxes: . PsiQuantum is collaborating with the governments of Australia and the U.S. to build quantum computing facilities in Brisbane and Chicago, respectively, Reuters reports. According to the Australian Financial Review, the company has secured $617 million in funding in Australia from federal and Queensland governments to construct a commercial quantum computer. In the U.S., PsiQuantum plans to build a 300,000-square-foot facility in Chicago's Illinois Quantum and Microelectronics Park, supported by more than $500 million in anticipated public funding, The Quantum Insider says. The initiatives underscore PsiQuantum's commitment to advancing quantum computing infrastructure globally. PsiQuantum manufactures its quantum chips at GlobalFoundries' facility in New York, utilizing photonic technology developed for fiber-optic communications, Reuters reports. Trending: Wall Street's Missing This AI Surgical Tech — You Don't Have To. According to The Quantum Insider, the company has introduced the Omega quantum photonic chipset, designed for utility-scale quantum computing, featuring high-performance photonic components. Additionally, PsiQuantum has developed high-speed optical switches and improved photon detectors to enhance quantum circuit performance. To boost efficiency, PsiQuantum implemented a compilation technique known as active volume compilation, aiming to reduce application run times by approximately 50-fold, The Quantum Insider says. BlackRock, which led PsiQuantum's previous $450 million round, is returning as lead investor, signaling sustained institutional confidence. According to San Francisco Business Times, other major backers include Microsoft's (NASDAQ:MSFT) venture arm M12, Atomico, Founders Fund, Playground Global, Temasek Holdings, and FPV Ventures. According to The Information, Nvidia (NASDAQ:NVDA) is in advanced discussions to invest in PsiQuantum, signaling a strategic shift in its quantum computing approach. This potential investment follows Nvidia CEO Jensen Huang's announcement of a new quantum computing research lab in Boston, in collaboration with Harvard and MIT, Reuters January, Huang rocked the sector by suggesting quantum computers were at least 20 years from viability, sending quantum-related stocks tumbling. But just weeks later, during Nvidia's 'Quantum Day' at its GTC conference in San Jose, California, Huang reversed course, admitting his earlier comments were off the mark, according to CNBC. That shift helped reignite interest in companies like PsiQuantum, which now stand to benefit from the renewed optimism and visibility. While competitors such as Google, IBM (NYSE:IBM), Intel (NASDAQ:INTC), Honeywell (NASDAQ:HON), and Rigetti Computing (NASDAQ:RGTI) continue to push their own quantum architectures, PsiQuantum's photonic approach is seen by many as a promising alternative, San Francisco Business Times says. PsiQuantum's funding round reflects growing investor confidence in the company's photonic quantum computing technology. The company's innovative approach may position it as a key player in the race to develop practical quantum computing solutions. Read Next: Here's what Americans think you need to be considered Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article PsiQuantum Eyes $750M Raise As BlackRock Doubles Down On Light-Based Supercomputers Amid Nvidia's Quantum Reversal originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Asian Undervalued Small Caps With Insider Buying For June 2025
Asian Undervalued Small Caps With Insider Buying For June 2025

Yahoo

time32 minutes ago

  • Yahoo

Asian Undervalued Small Caps With Insider Buying For June 2025

As the Asian markets navigate a complex landscape of economic indicators and geopolitical tensions, small-cap stocks continue to capture investor attention with their potential for growth amid broader market fluctuations. In this environment, identifying promising small-cap opportunities often involves looking at factors such as insider buying trends and valuation metrics, which can provide insights into the confidence levels of those closest to these companies. Name PE PS Discount to Fair Value Value Rating Security Bank 4.4x 1.0x 37.20% ★★★★★★ Credit Corp Group 8.6x 2.0x 38.69% ★★★★★★ East West Banking 3.1x 0.7x 33.79% ★★★★★☆ Lion Rock Group 5.0x 0.4x 49.84% ★★★★☆☆ Dicker Data 18.6x 0.6x -14.39% ★★★★☆☆ Atturra 28.1x 1.2x 33.01% ★★★★☆☆ Sing Investments & Finance 7.4x 3.8x 38.01% ★★★★☆☆ Integral Diagnostics 152.5x 1.8x 35.74% ★★★☆☆☆ Eureka Group Holdings 18.5x 5.7x 24.03% ★★★☆☆☆ AInnovation Technology Group NA 2.3x 48.08% ★★★☆☆☆ Click here to see the full list of 64 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Here's a peek at a few of the choices from the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Asia United Bank is a Philippine-based commercial bank that provides a range of financial services, including loans, deposits, and investment products, with a market capitalization of ₱31.59 billion. Operations: Asia United Bank generates revenue primarily through its financial services operations, with a significant portion of its income derived from interest and fees. Over recent periods, the net income margin has shown an upward trend, reaching 54.61% by the end of 2024. The company's cost structure is dominated by operating expenses, including general and administrative costs and sales & marketing expenses. PE: 4.7x Asia United Bank, a smaller player in the financial sector, exhibits potential for value appreciation. Recent insider confidence is evident with Manuel Gomez purchasing 15,090 shares valued at PHP 890,310 in March 2025. The bank's Q1 2025 earnings showed net income rising to PHP 3.14 billion from PHP 2.34 billion year-on-year, indicating solid growth despite a high non-performing loan ratio of 2%. A recent board meeting discussed dividend declarations, suggesting shareholder returns remain a priority. Take a closer look at Asia United Bank's potential here in our valuation report. Assess Asia United Bank's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★☆ Overview: SSY Group is a company primarily engaged in the production and distribution of intravenous infusion solutions and medical materials, with a market capitalization of HK$5.85 billion. Operations: The company generates revenue primarily from its Intravenous Infusion Solution and Others segment, which significantly outweighs the Medical Materials segment. Over recent periods, the net income margin has shown fluctuations, with a notable increase to 20.40% as of December 2023. Operating expenses have consistently been a substantial portion of costs, driven largely by sales and marketing expenses. PE: 8.3x SSY Group, a smaller company in Asia's pharmaceutical sector, is capturing attention with its strategic moves and market position. Recently, insider confidence was demonstrated when an insider acquired 1.4 million shares for HK$4.72 million between March and June 2025. The company's focus on innovative drug approvals from China's NMPA enhances its growth prospects, while the commencement of share repurchases on June 2, 2025, could potentially increase net asset value and earnings per share. Despite relying on external borrowing for funding, SSY Group's earnings are projected to grow by nearly 10% annually. Unlock comprehensive insights into our analysis of SSY Group stock in this valuation report. Understand SSY Group's track record by examining our Past report. Simply Wall St Value Rating: ★★★☆☆☆ Overview: Ho Bee Land is a real estate company engaged in property investment and development, with a market cap of approximately SGD 2.50 billion. Operations: The company's revenue is primarily derived from property investment and development, with significant contributions from both sectors. Over recent periods, the gross profit margin has shown a downward trend, decreasing to 57.41% by the end of 2024. Operating expenses are consistently managed around $34.38 million SGD in recent quarters, while non-operating expenses have fluctuated significantly, impacting net income outcomes. PE: 11.5x Ho Bee Land, a smaller player in the Asian market, has caught attention due to insider confidence. Executive Chairman Thian Poh Chua recently acquired 143,500 shares valued at S$248,972, indicating faith in the company's prospects. Despite earnings declining by 45.8% annually over five years and reliance on riskier external borrowing for funding, their recent dividend increase to 4 cents per share suggests a commitment to shareholder returns. Leadership changes may also signal strategic shifts ahead. Navigate through the intricacies of Ho Bee Land with our comprehensive valuation report here. Learn about Ho Bee Land's historical performance. Investigate our full lineup of 64 Undervalued Asian Small Caps With Insider Buying right here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:AUB SEHK:2005 and SGX:H13. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

America's $75 Billion Nuclear Bet: Westinghouse vs. the Future of Energy
America's $75 Billion Nuclear Bet: Westinghouse vs. the Future of Energy

Yahoo

timean hour ago

  • Yahoo

America's $75 Billion Nuclear Bet: Westinghouse vs. the Future of Energy

Westinghouse is going all-in on America's nuclear revival. Backed by Brookfield and Cameco, the Pennsylvania-based firm is in active talks with US officials, tech firms, and utilities to build 10 large nuclear reactors under President Trump's new energy directive. The order sets a 2030 deadline to begin construction and aims to quadruple US nuclear output by 2050. That kind of ambition could translate into a $75 billion opportunity, based on Department of Energy cost estimates. Interim CEO Dan Sumner says Westinghouse has the edgeits AP1000 design is approved, the supply chain is intact, and it's already delivered units in the US and China. We believe we can do them all, Sumner told the FT, pointing to hyperscaler interest and government loan programs as signs of momentum. Warning! GuruFocus has detected 2 Warning Sign with AMZN. But it's not a done deal yet. Nuclear still faces stiff economic headwinds in the US. While Washington may be on board, local utilities and regulators still have the final sayand memories of the Vogtle project's ballooning costs still linger. Analysts warn that the current US power market structure doesn't guarantee cost recovery for mega-projects, making investor appetite uncertain. Even so, Sumner argues that lessons from past delays have been baked into the new build model: We're the only ones who've done modular nuclear at scale. And now, the learning's embedded. Meanwhile, SMR developers aren't staying quiet. NuScale is pitching a 12-pack of its 77MW modules to rival traditional plants in capacity, while Holtec's 320MW units could be grouped to matchand beatWestinghouse on cost and complexity. We fully intend to compete with the big plants, Holtec's president said. The big question now: Will deep-pocketed buyersthink Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT)step up to fund these nuclear ambitions, or wait for the small guys to scale first? Either way, the race is on. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store