Counties | Hell get to ask Jeb Bush what exactly he thinks about ethanol, pepper Scott Walker with questions about EPA regulations and quiz Marco Rubio about where he stands on GMO labeling, if he wants. Tuition has been frozen for three years straight. There has never been a Bruce Rastetter bill in the Iowa Legislature that has benefited me. On it are printed the scores of wins against Nebraska and Michigan. Justin Kirchhoff President - Summit Ag Investors. The would-be candidates and people in their orbit have been calling Rastetter and his team asking for help as they mull their positions on the issues. Now heres whats going to happen. Hog, ethanol baron Bruce Rastetter now a Republican kingmaker "Oftentimes in this country, if you have success, (people insinuate that) you must not have gotten that in the appropriate way," he said. He was raised near Alden, Iowa, on a 320-acre farm that grew corn and soy and raised hogs and cattle. [5] In early 2015, Rastetter, with the help of Iowa governor, Terry Branstad (R), brought Republican presidential candidates Jeb Bush, Scott Walker, Chris Christie, Ted Cruz, Rick Santorum, Donald Trump and Mike Huckabee. When a battalion of Monsanto lawyers and dealmakers descended on Stine Seed to finalize the deal, they found Stine alone in the companys conference room at a Ping-Pong table (Stine still rarely loses). Then theres Stine. Stine Seed was first in line to get its top-performing varieties patented. Harreld, who starts as president Monday [November 2], visited Cedar Rapids in early June to attend a meeting with Board of Regents President Bruce Rastetter and Jean Robillard, UI's vice president of medical affairs and chairman of the UI Presidential Search and Screen Committee. This day, he talks sparingly about his modest upbringing. Buying more seeds per acre is expensive. Chuck Grassley told the Register then: "I don't think Pat or I have had any problems that I know of with Rastetter, but I suppose if he's an up-and-coming political leader and (if) he could knock off a Grassley, it would probably be a feather in his hat. And then repeat that feat when his next venture, ethanol, would prove another market with a sour cycle? We and our partners share information on your use of this website to help improve your experience. Elections in 2023 | He isnt bashful about what his small-town company has accomplished. He started feeding hogs on contract in 1984, and within two years, 500 head grew to 100,000. Rastetter said that quietly building relationships and nurturing those friendships led to his business breakthrough. His term expired in 2017. Bruce L. Rastetter previously occupied the position of Chief Executive Officer of Hawkeye Energy Holdings LLC and President & Chief Executive Officer at Hawkeye Renewables LLC (a subsidiary of Hawkeye Energy Holdings LLC), Chief Executive Officer for Summit Agricultural Group, President & Dean at State of Iowa, Strategic Limited Partner at Rural Among them was Garry Klicker, whose land was adjacent to some of Heartland's confinements in Davis County. According to internet, Bruce Rastetter's height is 1.75m. [2][3] In 2000, Rastetter created a wind farm in north central Iowa, which he sold in 2007 to Alliant Energy. Subscribe. He's been reserved and quiet forever. Way to get here was not at all a simple task. So how did he come out of the hog market downturn smelling so good? The acquisition comes after Telepharm in 2014 closed a $2.5 million venture capital fundraising campaign led by Iowa Board of Regents President and agribusiness pioneer Bruce Rastetter; Adam. Bruce Rastetter is not amused by the "kingmaker" label often thrown around by the press. He viewed it as a "legacy project," aimed simply at helping the poor people of Africa. The casewhich held portentous implications for all seed developers, including Stinewent in Monsantos favor, affirming intellectual property rights for plant genetics. Some students said they felt the full weight of pressure for criticizing an influential donor. 5. According to Politico, between 2003 and 2015, Rastetter spent $500K on federal campaigns and $1.1 million on state-level politics. If you really want to be fair here, you need to go get two more [lawyers], he smirked. Not to say I agree with him," said regent Robert Downer. Iowa Citizens for Community Improvement filed an ethics complaint alleging a conflict of interests, citing his line of work and the fact that both Rastetters were major Branstad donors. After dropping out of law school, he returned to his roots and launched a feed business that in 1994 morphed into Heartland Pork, a company he aggressively expanded to become one of the states largest pork producers. Crucially, it also forbade them from using his seeds to breed their own. Bruce Rastetter got $480,000 in loans from ISU Ryan J. Foley Associated Press View Comments 0:05 0:56 The agribusiness owned by Board of Regents President Bruce Rastetter was awarded. He got help from Branstad, whom he recruited to run for governor in 2010 and was his top donor. But a fancy biotech trait offered limited value if the genetic base of the seed was inferior and overall yields suffered. But he saw his hard-charging brother, then 39, change after the accident, ease up on the little things. I could smell the stench from them all the time, no matter which way the wind blew.. Weve worked a lot in that space but also in the design of the plants and equipment, says Robert Fraley, Monsantos chief technology officer, who has been doing business with Stine since the early 1980s. 1 MarketScreener is worth more than 1000 Influencers! I've never believed in looking back other than there should be new experiences and new things you do in life.". The cables look awfully frayed. Were going to be able to double corn yields very easily, says Stine. A highly-courted donor, Rastetter has steadily and strategically built his personal and political brand over the past several years. Tall has always been sexy for corn, even though less than half of the plant is actually harvested. Stine founded the first private soybean research and development firm in the U.S. in 1968. He began breeding corn to thrive at higher planting density: shorter plants with smaller tassels and more upright leaves that attract more sunlight. The Ryans consulting and lobbying firm Concordia Group is organizing the agriculture summit. Were willing to give Stine the benefit of the doubt for a simple reason. With a combined market value of $320 billion, five publicly traded conglomerates own most of the action: Monsanto, DuPont, Syngenta, Dow and Bayer. Rastetter was unhurt. As he faced that loss, Rastetter was often embroiled in local controversy. Your California Privacy Rights/Privacy Policy. "Bill Knapp is a friend of mine," he said of the influential Democratic donor from Des Moines, "but I don't often see him get written about as a mogul or a real estate baron, compared to an ethanol baron. Heartland Pork is now the fourth largest pork producer in the country. School districts | The real Iowa kingmaker - POLITICO if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? Bruce Rastetter Chief Executive Officer. Hog confinements and their smelly manure spread around Iowa while Rastetter built wealth, said Hugh Espey, executive director of Iowa Citizens for Community Improvement, which owes much of its growth as a nonprofit activist group to burgeoning opposition to hog confinements. "We were fortunate on the timing of it. Knowledge of those diagnoses was all but nonexistent at the time. It was the summer of 2009. You take good parents, and you make lots of offspring, says Stine, who learned the basics in under an hour from an Iowa State technician. Its not my opinion that matters, its the candidates, he said in a phone interview. Who knows if it will last one more time? he chuckles. Bruce L. Rastetter is an American agribusinessman, agricultural entrepreneur, and former president of the Iowa Board of Regents, which governs the state's three public universities. [1] Career [ edit] Please only use it for a guidance and Bruce Rastetter's actual income may vary a lot from the dollar amount shown above. The 50 Richest Actors in the World (2023) | Wealthy Gorilla He has the right combination of everything, says son Myron, who has worked alongside his father at the company for 20 years. Since 2010, Rastetter has donated over $1 million to candidates and. The breeding process grew more advanced and automated, and by the early 1990s the company was testing 150,000 soybean varieties annually and producing the highest-yielding seed on the market. After graduating from McPherson in 1963, he did two quarters of graduate work at Iowa State, then went home to work on his fathers modest farm. He also possessed a canny, fluid mental aptitude for data and math. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come. Rastetter told POLITICO that he donated to AFF in 2008 to run positive ads in support of then Sen. Sure, there were odors associated with it. He also has generated heat from his advocacy of efficiency reviews at the universities and a new funding model that would award schools that attract more Iowa students. He is always ready for a good fight," said Craig Lang, his friend, fellow agribusinessman and former regents president. Bruce Rastetter CEO Ames, Iowa, United States 9K followers 500+ connections Join to view profile Summit Agricultural Group University of Iowa Company Website About Born on farm near Alden, Iowa. Theres always wrinkles in his science and negotiations that catch you off guard, says Monsantos Fraley. The basic technology may be ancient, but an innovative, data-savvy strategy, married with shrewd leadership and a classic midwestern work ethic, has made Stines operation best in class. Owner: rastetter, bruce l Tax Year: 2017 Tax Amount: $7956 Total Market Value: $542,990 +Edit Neighbors View All Past Address Crescent, IOWA FALLS, IA 50126 View Address Owner: rastetter, bruce l Tax Year: 2010 Tax Amount: $3156 +Edit Past Address 10640 Highway D20, Alden, IA 50006 View Address +Edit Past Address Rastetter responds to 'no confidence' votes Hes kidding, of course. He's flipping around a football. Check Background Get Contact Info This Is Me - Edit Please let us know if you think data we have about Bruce Rastetter's height is not correct. He says the role of the regents should be to eliminate duplication and increase efficiency because taxpayers own the universities. [4] He serves on governing and advisory boards of a variety of organizations, including Cultivation Corridor, AltEnergy LLC, Rural American Fund, American Agriculture and Energy Council, Iowa Renewable Fuels Association, and the college of agriculture at Iowa State. ". Stines business model had been blessed by the highest court in the land. If a farmer could buy your seed one year and then simply use the offspring or seeds from the plants it grew the next year, he could cut the seed developer out of the loop while retaining the powerful genetics. [2], Rastetter is a prolific political donor. He floated the concept to Rastetter last fall when the two were at a Hawkeye football game: We were tailgating and talking politics, he recalls, pointing out that Iowa hosts lots of forums for presidential candidates, but theres never been one focused on agriculture despite the sector representing a third of the states economy. Rastetter knew all along that their plans would displace 160,000 people, despite repeated insistence that the refugee camps in the affected area were abandoned. "Bruce is the kind of individual that doesn't necessarily fill the room. While rivals scoff, he now thinks he can double the worlds output of corn, the most popular crop on Earth. Bruce Rastetter, the "philanthropist", has used money effectively to wield power in politics and the public realm. Based in Adel, Iowa (pop. Early life and education [ edit] Rastetter was born near Iowa Falls, Iowa. JET SKIING ON RIVER, LIFE TAKES TRAGIC TURN. It's what our country and our economic system allows," he said. If you ask political observers in Iowa about Rastetter, the term kingmaker inevitably comes up, but Rastetter and his allies dispute the idea. Hes currently the CEO of Summit Group, a diverse company that operates in corn, soy, cattle, international farm real estate and private equity. The Stine network of 1,700 dealers was selling Stine soybean products in 15 states under 160 brands. We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal. "[5] Jill Ryan was Rick Santorums former deputy campaign manager. How the 58-year-old self-made millionaire assembled one of the biggest GOP cattle calls yet is illustrative of the influential network hes built over the past several years, as hes emerged as the states top Republican donor at both the federal and state level, donating nearly half a million and $1.1 million, respectively, since 2003, according to campaign finance disclosures sums that are likely a fraction of his total giving to groups that dont have to disclose their donors. "He is a mentor in terms of business, but also how you play to win. If it works out, it wont be the first time this farm kid, unknown outside his industry, has changed the world. Roundup Ready technology combined with Stines industry-leading soybean genetics was a natural fit. $25 per post at a $5/CPM. I view it as trying to make a difference.". Its going to be the way of the future., Not everyone buys what Stine is selling. He needed to diversify. But while genetic modificationusing biotechnology to insert a genetic trait into a seedgrabs headlines (and stokes health fears, despite overwhelming scientific evidence of safety), traditional breeding programs by seed developers have done just as much to raise yields. This story appears in the April 13, 2014 issue of Forbes. July 19, 2012 04:53 PM. On an August day in 1995, they were riding the jet skis down the river with longtime friend Tad Ryan. Bruce who brought in $3 million and $5 million Networth Bruce collected most of his earnings from his Yeezy sneakers While he had exaggerated over the years about the size of his business, the money he pulled in from his profession real-enough to rank as one of the biggest celebrity cashouts of all time. A friend once described a gathering for a well-known Texan who went bankrupt. The Register political team includes Kathie Obradovich (@KObradovich), Jennifer Jacobs (@JenniferJJacobs), Jason Noble (@JasonNobleDMR), William Petroski (@WilliamPetroski), Brianne Pfannenstiel (@BrianneDMR), Josh Hafner (@JoshHafner), Annah Backstrom (@AnnahBackstrom) and Carol Hunter (@CarolHunter). For Klicker, Rastetter is the poster boy for everything thats wrong with big pork. "The market was right, and he took advantage of it," said Walt Wendland, who founded Golden Grain Energy in Mason City. Twice. He says he has no regrets. Brent's net worth hovers over $250,000 - $499,999 with a yearly income that's about $200 - 249,999. William Rastetter Net Worth (2023) | wallmine The company expanded throughout the 1980s, gobbling up smaller seed companies and conducting soybean research in other climates around the country. FORBES estimates that Stines companywhich, among other things, also breeds corn genetics, creates plant traits in its biotech lab and has a small but growing commercial seed sales operationis worth nearly $3 billion. Two large buck heads hang on his office walls, as well as a couple of stuffed ducks. Nonetheless, we hop into the elevator cab, he flips the switch to get it moving, and up we go as the wind rips into us at 40mph. The agribusiness entrepreneur and president of the Iowa Board of Regents, who has given more than $1.1 million in state political contributions since 2003, is not the sort to chuckle. The 20 Richest Rockstars in the World (2023) | Wealthy Gorilla his Basic income source is mostly from | He managed additional start-up companies that merged into Heartland Pork, a Midwestern pork production company acquired by Christensen Farms that has since become one of the largest pork producers in America. Seeds were planted in rows 42 inches apart so horses could traverse the fields. So I asked to be appointed to the regents.". But times called for change. Bruce Rastetter - SourceWatch Follow live coverage Saturday from the Iowa Ag Summit at DesMoinesRegister.com/AgSummitLive. It also might work to throw in the magic Iowa words work ethic that are so ingrained in Rastetter's DNA. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Hes already revolutionized agriculture. But Rastetters moves over the past decade look like a how to guide for becoming a political power player, with far more influence than other wannabe Iowa kingmakers. "What we were doing was more environmentally sound than what we were doing on the small farm I grew up on. Growing up on a 300-acre family farm near Alden, Iowa, Rastetter started his career with his own feed management business. Currently, he holds the position of Chief Executive Officer of Summit Group, Chief Executive Officer & Director at SCS Capital LLC (a subsidiary of Summit Group), Chief Executive Officer at Summit Agricultural Group and Senior Advisor at Tiger Infrastructure Partners LP. The contracts Stine drew up prohibited this. A graduate of the University of Iowa, Rastetter holds a bachelors degree in political science. Thats good news since the worlds population continues to grow by about 85 million every year, while arable land remains scarce. Bleeding Heartland With Hawkeye, that was 2006. I think I try to make a difference with what I do and what candidates I support, but I would consider myself more [an influencer] than a kingmaker, Rastetter said. Brent maintains relationships with many people -- family, friends, associates, & neighbors -- including Karli Rastetter, Zachariah Rastetter, Bruce Rastetter, Julie Rastetter and Clifford Gryte. Mr. Rastetter is the founder and CEO of Summit Agricultural Group, a leading agribusiness and renewable energy firm with operations in North and South America. He launched Hawkeye Energy Holdings, rapidly growing it into the third-largest pure play ethanol company in the country helping to pump billions of gallons of corn-fuel into Americans gas tanks before selling to a Koch Industries subsidiary in 2011. His friend was killed. He maxed out to several top conservative candidates in 2014, including North Carolinas Thom Tillis, Alaskas Dan Sullivan and Iowas Joni Ernst, and gave $50,000 to Karl Roves American Crossroads. If you think Bruce Rastetter's age is not correct, please leave a comment about Bruce Rastetter's real age and Bruce Rastetter's actual birthday below. Bruce Rastetter, an agribusiness mogul who's made a fortune in pork, ethanol and farm real estate, has long worked behind the scenes to help bankroll conservatives across the country, but. He recalls Bruce came to town and made a lot of promises to the community about good jobs and economic growth.
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