Agribusiness

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Agricultural equipment manufacturing companies across the Midwest are downsizing their work force. After nearly one thousand layoffs last October, another round will sideline an additional thousand workers. Deere and Company has announced 910 layoffs. Black Hawk Engineering in Cedar Falls will idle 40 workers, and Unverferth Manufacturing near Shell Rock will sideline 48 employees.

Deere Decline

Nov 26, 2014
IPR's Pat Blank

Quad Cities based Deere and Company is reporting fourth-quarter earnings and revenue that beat expectations.

The agricultural and construction equipment manufacturer says earnings per share were $1.83 on revenue of $8.9 billion. That topped predictions of $1.57 on $7.75 billion in sales. 

But when compared with the previous year, the company's earnings and revenue both declined.  Deere officials say they don’t expect that trend to improve in 2015.

Deere expects sales to decline in  both its agriculture and turf equipment lines.

Lauren Tucker/Flickr

Monsanto has agreed to settle some of the lawsuits brought by U.S. farmers who allege they lost money when an Oregon field was discovered to have been contaminated with an experimental genetically modified strain of wheat.

Most of the corn and soybeans grown in the United States is genetically modified, but GMO wheat has never been approved for farming.

Grain Elevator Failure Prompts Talk of Safety Net

Aug 25, 2014
Bill Kelly/NET News

 

In Nebraska, farmers say they’re left with about $9 million in unpaid claims when a grain elevator failed in the town of Pierce. It looks as if farmers’ losses could eventually top $4 million.

Without a financial safety net to depend on, farmers are watching this case in eastern Nebraska. They’re looking for lessons in order to avoid another massive financial wreckage in the future.

freefoodphotos.com

Host Ben Kieffer talks with Seattle, Washington food safety lawyer Bill Marler, who represented some of those sickened in a 2010 salmonella outbreak caused by contaminated eggs.  This week a settlement was reached with Quality Egg and two of its top executives, Jack and Peter DeCoster.  Marler says Jack DeCoster comes to the court with a "checkered past," that could make jail time more likely in this case.

Photo by Tim McCabe, USDA Natural Resources Conservation Service.

Last week, the U.S. Government indicted Chinese government hackers on charges of stealing trade secrets, claiming that the espionage has gone too far. When it comes to intellectual property, the internet isn’t the only place the Chinese are looking for U.S. trade secrets.

Ben Kieffer

The spring planting season is upon us and farmers are racing to get crops in the ground.

So yesterday morning, host Ben Kieffer hopped aboard a tractor with Jim Sladek, of JCS Family Farms in Johnson County, to get his perspective on the start of a new season and the challenges he faces, including soil erosion. Jim also demonstrated the amazing amount of technology that can be used in farming today.

I-5 Design & Manufacture

Recent movements addressing the obesity epidemic or industrial agriculture's dominance attempt to change how Americans eat.  Tracie McMillan sets out to understand the American food system from the bottom-up in  her book, “The American Way of Eating: Undercover at WalMart, Applebees, Farm Fields and the Dinner Table.”  Host Charity Nebbe asks McMillan where our food comes from and how we can eat healthier. 

John Pemble / IPR

The 2013 World Food Prize is honoring Marc Van Montagu, Mary-Dell Chilton, and Robert T. Fraley, three scientists whose individual discoveries led to the creation of genetically modified crops. 

Facebook / Rockwell Collins

Many Iowans work for two companies in recent business headlines. In a nearly 1.4 billion dollar deal, Cedar Rapids-based Rockwell Collins announced it was buying communication system company Airinc. Rockwell Collins CEO, Kelly Ortberg, calls it the biggest deal the company has undertaken.

And the latest quarter of John Deere earnings beat analyst projections. IPR's Clay Masters talks with Sarah McCammon, who's on assignment for Marketplace this summer, about the two news-making companies. They also discuss the state's corn crop and how it compares to the cornbelt as a whole.

Jacob McCleland

Southbound barges on the Mississippi River carry grain destined for world markets. Those barges regularly pass northbound tows with thousands of tons of fertilizer heading to Midwestern ports and, later, to farmers’ fields.

But this year’s drought is adding an element of uncertainty to those shipping patterns, as Mississippi River levels reach record lows. Water levels have fertilizer shippers scrambling to get their product to market before low water dries up their most important shipping route.

Calm before the Corn

May 29, 2012
Clay Masters / IPR

Corn has been good to farmers. Helping fuel a boom in the ag sector. And as this year’s record corn forecast indicates, Midwestern farmers can’t seem to plant enough of the grain. Even with concerns growing about the effectiveness of today’s high-tech genetically engineered seeds, farmers aren’t backing down.

The land is dry and the wind blows hard in Sac County, Iowa.  For Darwin Bettin it’s a good day to be inside selling insurance. He also farms 500 acres of corn and soybeans in western Iowa.

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