bruce rastetter net worth

I could smell the stench from them all the time, no matter which way the wind blew.. As of May 2023, Bruce Springsteen's net worth is roughly $500 Million, making him the 4th richest rock star in the world. "He is a real entrepreneur and innovator," said David Meisinger, who worked for him then and today is director of sales at Urbandale's Validus, which certifies the practices of food companies and producers. Rastetter defends his charitable donations, noting, for starters, that he's given $3.1 million to the University of Iowa, $2.3 million to Iowa State University, and $50,150 to University of . "What we were doing was more environmentally sound than what we were doing on the small farm I grew up on. [8], In January 2017, shortly before the White House transition, Rastetter voiced his opposition to pending mega-mergers in the agriculture industry, such as those concerning Bayer, Monsanto, Dow Chemical, ChemChina, and Syngenta. By 1994, he found himself in New York City, a farm boy walking into Rockefeller Center to talk to investors. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Terry Branstad was a decade removed from a record 16 years as governor. In his younger days, he had a fleet of jet skis that he and his brother Brent took out on the Iowa River with friends. But at the very bottom of it all, he has made a huge difference in the industry and hes done it in his very unique and special way., As we stand high atop his tower, the wind streaking into us, unique and special seems a vast understatement. He also possessed a canny, fluid mental aptitude for data and math. "That was a life-changing event because we had liquidity," he said of the sale. Ask rural environmental activists what they think of Rastetter and you will get an earful. Counties | Iowa regent admits PR mistakes in Africa land deal According to the latest Twitter stat on 2023-04-26, Bruce Rastetter has a total favourites count of 3 on the Twitter account and Bruce Rastetter has 33 followers on the same Twitter account. Future changes in production practices could favor narrow rows at some point, says Mark Jeschke, DuPont Pioneers agronomy research manager. As founder of Agrisol Energy Corp., Rastetter pursued a deal with the Tanzanian government that would have used Iowa State University's expertise to develop farmland there and, in the original proposal, would have displaced refugees. Through plant breeding, a roughly 10,000-year-old technique thats not unlike creating Thoroughbred horses or show dogs, Stine has been perfecting the genetic makeup of soybean seedsprimarily used in animal feed and to produce vegetable oilssince the 1960s. Way to get here was not at all a simple task. And you sit next to me. He says the role of the regents should be to eliminate duplication and increase efficiency because taxpayers own the universities. School districts | Bruce Rastetter net worth and salary income estimation Just how much pull does Rastetter have? I think its already working.. Follow live coverage Saturday from the Iowa Ag Summit at DesMoinesRegister.com/AgSummitLive. Bruce Rastetter - Ballotpedia A dozen potential Republican presidential candidates are about to sit down, one by one, with the biggest GOP donor in Iowa a multimillionaire few people outside the state have ever heard of. "Dollars you contributed help those people get elected, which is what our system is. [4] In 2011, Rastetter was also appointed to the state of Iowa Board of Regents, which was followed, in 2013, with an appointment to the Iowa Premium Beef board. It's what our country and our economic system allows," he said. The agribusiness entrepreneur and president of the Iowa Board of Regents, who has given more than $1.1. Rastetter co-founded Hawkeye Energy Holdings, the largest ethanol producer in the country. I believe in the whole economic freedom perspective. Bruce Rastetter, the "philanthropist", has used money effectively to wield power in politics and the public realm. Rastetter also got plenty of help from Nick Ryan, a major Iowa operative, and his wife Jill Ryan, Santorums former deputy campaign manager. James Marsden - Net Worth, Age, Height, Family, Biography 2023, Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. $50 per post at $10/CPM. Hes been diagnosed with environmentally-induced asthma and since moved to Colorado, he said. He started by building agribusiness empires in some of Iowas key sectors including pork and ethanol then built close relationships with Iowas political elite, like Gov. In the coming days, Rastetter will be narrowing down what questions hell ask the candidates on March 7. And now, Rastetter is getting up close and personal with the presidential hopefuls in full view of the media and other deep-pocketed donors. You work around good people, and it's not work. A sense of dj vu with Rastetter's Iowa Ag Summit Hawkeye went on to build two more plants in Menlo and Shell Rock, and Rastetter maintained his management team. He is cautious. American agribusinessman, agricultural entrepreneur, "Bruce Rastetter, the One Iowan Who Got Jeb Bush To Care About Hogs", "Bruce Rastetter: The quiet, fierce man behind ag summit", https://en.wikipedia.org/w/index.php?title=Bruce_Rastetter&oldid=1095489056, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 June 2022, at 17:17. And I think we need principled leaders, which is one of the reasons I encouraged Branstad to run again. Bruce L Rastetter, Summit Group: Profile and Biography In addition, he makes $671,980 as Independent Chairman of the Board at Neurocrine . Rastetter also has a connection to Nick Ryans 501(c)(4), American Future Fund, which pulled in more than $13 million from Koch-backed Freedom Partners in 2012. "I got really busy and pretty independent, and I kind of do what I want to do," he said. [1], In 1994, three years after the birth of his first company, he consolidated his feed management, construction, and swine projects into Heartland Pork Enterprises. The secret to Stines golden corn? [1] Career [ edit] If you really want to be fair here, you need to go get two more [lawyers], he smirked. The party has become a well-heeled annual event. "He wants us to do something rather than be something.". Neither party will disclose the agreements terms, but that deal contributed to the phenomenal success of the Roundup Ready soybean seed, a technology thats now used in 96% of the soybean acreage in the U.S., likely generating in excess of $10 billion for Monsanto since 1997. He started by selling seed, making cold calls, holding lunch and dinner meetings and riding on the tractor with older farmers who advised him to diversify investments. Our Team The farm crisis of the 1980s was tough. By the mid-1970s, under a new company called Midwest Oilseeds, Stine was operating the most widely used soybean genetics company in the U.S., licensing the robust seeds it bred for royalties. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Were going to be able to double corn yields very easily, says Stine. [7] Mike Huckabee, Chris Christie, Donald Trump, Ted Cruz, Rick Santorum, Scott Walker, and Jeb Bush attended the event, located within the Iowa State Fairgrounds. While juggling such concerns as a regent, Rastetter keeps busy as CEO of the Summit Group, which has farming operations in the U.S., other investments and plans to build an ethanol plant in Brazil. Rastetter clarifies how his foundation donations are calculated 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. "The market was right, and he took advantage of it," said Walt Wendland, who founded Golden Grain Energy in Mason City. U.S. Congress | Once home to his fathers hardscrabble cattle-and-crop farm, Stine has, without attracting any widespread notice, developed some of the most valuable agricultural products on Earth here. Along the way, hes tried his hand at investing, including helping build and sell a craft beer-company. I think that prepared him. A second plant was built in Fairbank, and Rastetter was soon heading Hawkeye Energy, a firm that became Iowa's largest ethanol producer. He began breeding corn to thrive at higher planting density: shorter plants with smaller tassels and more upright leaves that attract more sunlight. He isnt bashful about what his small-town company has accomplished. But no research thus far has shown that ultrahigh populations combined with narrow rows significantly increased corn yield., It is an interesting story and a great conversation piece, adds Tony Vyn, professor of agronomy at Purdue University, but a sideline to the real drivers of corn yield and economic efficiency gains that are needed most for this decade., For farmers theres a sizable capital risk in switching. https://ballotpedia.org/wiki/index.php?title=Bruce_Rastetter&oldid=8736876, Pages using DynamicPageList3 dplreplace parser function, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, Local knowledge of our professional staff, Surveys of activists, thought leaders and journalists from across the country and political spectrum, Outreach to political journalists in each state who helped refine our lists. Jimmy Buffett is an American singer-songwriter, author, and businessman who was born in Pascagoula, Mississippi. Please let us know if you think data we have about Bruce Rastetter's height is not correct. "But I think the experiences I've had in life and people I've met, we've tried to have some fun. According to Politico, between 2003 and 2015, Rastetter spent $500K on federal campaigns and $1.1 million on state-level politics. The 20 Richest Rockstars in the World (2023) | Wealthy Gorilla In 2011, Rastetter came under scrutiny after Branstad appointed his brother Brent Rastetter whose company Quality Ag builds large scale hog facilities to the Iowa Environmental Protection Commission. 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. Anchored by Anna Edwards and Mark Cudmore, Bloomberg Markets Europe is a fast-paced hour of news and analysis, building towards the drama and excitement of the start of the cash trade across the continent. Justin Kirchhoff President, Summit Ag Investors. Number one, we contained the manure, and two, we used it as a nutrient (spreading it on fields for fertilizer). Brent Rastetter said his older brother helped him earn money for college and showed him the ropes of business, leading him to today run his own company, Quality Ag Builders, which builds hog confinements. The states ethics board later unanimously dismissed the complaint, noting that the position Rastetter held on the commission is one reserved for farmers. [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. It takes a minute and a half to learn what there is to learn about plant breeding., At the time public universities dominated breeding, and for good reason: Profits were limited, since intellectual property rights for soybean plants didnt existand wouldnt for another 30 years. His rise to the status of one of the worlds wealthiest people is a direct result of this success. In the early days of the farm, his parents, Harley and LaVon, lived modestly, with few luxuries. 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. Please only use it for a guidance and Bruce Rastetter's actual income may vary a lot from the dollar amount shown above. A graduate of the University of Iowa, Rastetter holds a bachelors degree in political science. Im a data and information and facts person; Im not a people person. He's flipping around a football. 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. They sold off the jet skis and never went riding again. He recalls Bruce came to town and made a lot of promises to the community about good jobs and economic growth. Bruce Rastetter is not amused by the "kingmaker" label often thrown around by the press. He needed to diversify. But times called for change. And, of ultimate importance, substantially increasing a farmers harvest. The Evolution of Corn (Click to see full graphic). "Everyone can have an impact on our political system in different ways. Its not my opinion that matters, its the candidates, he said in a phone interview. Like one of those for your desk? Chris Christie, Ted Cruz, Rick Santorum, Donald Trump and Mike Huckabee will enter the agriculture policy ring, too. 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 learning about some anomalous soybean plants with extra seeds in a nearby field, Stine became obsessed with breeding higher-yielding seeds to boost profits. He also founded Hawkeye Renewables, which became one of the countrys largest pure-play corn-based ethanol producers, and FS Bioenergia, a Brazilian low-carbon biofuels and energy platform that owns the largest biofuels production plant in South America. Click here to contact our editorial staff, and click here to report an error. "It was a life-changing event for me," he said. I OWA CITY, Iowa (AP) Iowa Regent Bruce Rastetter on Thursday defended working with Iowa State University to pursue a large-scale land development in Africa that could . "If people don't try to start new businesses and do new things and there is risk, we are never going to progress as a society and an economic system that is better for everyone. Please only use it for a guidance and Bruce Rastetter's actual income may vary a lot from the dollar amount shown above. Two of his company's facilities, Shell Rock and Menlo, were sold in 2010 to Koch Industries. "All those words fit him to a T. It seems like anything he touches turns to gold.". It also requires more fertilizer and new planting and harvesting machinery specially fitted for the narrower rows. Find previews and full coverage at DesMoinesRegister.com/AgSummitLive. As of April 2023, Robert De Niro's net worth is estimated to be $500 Million, making him one of the richest actors of all time. Abby Blome He is always ready for a good fight," said Craig Lang, his friend, fellow agribusinessman and former regents president. "In the farm crisis days in Iowa, it was almost life-threatening for some people because they took it so hard that they didn't have success.". I view it as trying to make a difference.". It was a party. Seeds were planted in rows 42 inches apart so horses could traverse the fields. Bruce Rastetter Net Worth | Bio, Family, Address, Career He's been reserved and quiet forever. He has been buying up land in Africa along with the Iowa-based Summit Group and Global Agriculture Fund of the Pharos Financial Group, in partnership with AgriSol Energy LLC and the College of Agriculture and Life Sciences at Iowa State University, and Serengeti Advisers Limited, a Tanzanian investment and consulting firm led by Iddi Simba He is careful," Lang said. [2] Hawkeye Renewables was followed by Hawkeye Gold Ethanol Marketing Group in 2008. Rastetter's work on the board cemented his opinion that it was unacceptable to have tuition continue to grow, doubling from 2001 to 2009 at the state's three public universities, which the regents oversee. It shows a superior foresight.. The cables look awfully frayed. All rights reserved. A tall man partial to Levis and blue button-downs with pens in the pocket, Stine stands on the burnt-orange carpet in his officea little-changed artifact of the Reagan era littered with the nuts, berries and, especially, mushrooms he likes to forage for (he has a handwritten log detailing when and where hes found each of the 32,000 morel mushrooms hes nabbed in recent years). Agriculture and energy reporter Donnelle Eller (@DonnelleE) also will provide coverage. That lead was solidified in 2013, when the protections of patented seeds like Roundup Ready withstood a challenge in the U.S. Supreme Court. Iowa CEO whose company has Brazil ethanol plants say they aren't But this cycle, hes taking a different approach. U.S. President | Rastetter, 58, can engage deeply on business issues, but rips through his childhood background quickly during an interview. Rastetters friends are quick to dismiss his critics, many of whom they argue are simply deeply and irrationally opposed to the kind of large-scale agriculture Iowa has mastered. A graduate of the University of Iowa, Rastetter holds a bachelor's degree in political science. Knowledge of those diagnoses was all but nonexistent at the time. "Everything he told us was a lie," he said, contending the confinements stunk so bad that he had to move to Colorado for health reasons and that Rastetter trucked most of his feed to Davis County from his own mills. We identified top influencers across the country through several means, including the following: The link below is to the most recent stories in a Google news search for the terms BruceRastetter. The contracts Stine drew up prohibited this. He both shuns the spotlight and seeks it. State legislature | We dominate genetics in the industry.. I don't view it as being a kingmaker. Rastetters hands-on experience in global agricultural and renewable energy sectors, matched with his strong focus on strategic business development, has been key to building successful companies and advising government leaders on policy matters. On an August day in 1995, they were riding the jet skis down the river with longtime friend Tad Ryan. Iowa politics, ag heavyweight Bruce Rastetter sets sights on $4.5 In 2013, Rastetter was elected president of the Board of Regents. "I've never been jealous of other people's success. "Oftentimes in this country, if you have success, (people insinuate that) you must not have gotten that in the appropriate way," he said. Rastetter's staff soon called to confirm the appointment with the governor. He slowly upped his contributions to Republican causes beyond the state in 2008, giving tens of thousands to Karl Roves American Crossroads and the National Republican Senatorial Committee over the past few cycles. Now heres whats going to happen. If the politicians heading to Iowa to be part of his summit should know anything, it's that he wants them to do their homework. his Basic income source is mostly from His term expired in 2017. $140 per post at $7/CPM. But one thing wasn't golden, a tragedy in 1995 that changed how he looked at life. Roundup Ready technology combined with Stines industry-leading soybean genetics was a natural fit. Hes kidding, of course. "He is a mentor in terms of business, but also how you play to win. Asked about Rastetters annual shindig, Branstad, whos attended the last several years, gushed that the event is emblematic of Rastetters loyal personality. News coverage has rarely featured his private life. He is quiet but fierce. Buffett left a permanent mark with his music and he began his . Having conquered pork, Rastetter then turned his sights to ethanol. The Register will also cover counter events held by a coalition including Iowa Citizens for Community Improvement. His was the first company in the industry with soybeans to structure licensing agreements so that when companies took a contract with him they could not breed, says Philippe Dumont, a lawyer and seed industry veteran who has spent the past decade working for Bayer. "Regent Rastetter is pushing an agenda of treating Iowa's universities as corporations rather than institutions of higher learning," said Evan Burger, of the U.S. Student Association, an organization that advocates for student issues. Some students said they felt the full weight of pressure for criticizing an influential donor. "Bruce does a good job of staying in touch, at least once a week. By breeding corn seeds genetically predisposed to thrive when planted in high densities, he thinks he can supercharge the engine generating animal feed, biofuels and food for the whole planet. It's actually a myth about how to make money on Facebook 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. A friend once described a gathering for a well-known Texan who went bankrupt. In 2011, Rastetter jetted off with six other influential Iowa donors and activists to court New Jersey Gov. 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. Stine, the 72-year-old founder and owner of Stine Seed, the largest private seed company in the world, built this tower back in 1987 so he could get a good view of his empire, some 15,000 acres of. 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. AT CENTER OF THE FIGHT OVER HOG CONFINEMENTS. On it are printed the scores of wins against Nebraska and Michigan. But they always encouraged him to work hard toward a better life. So how did he come out of the hog market downturn smelling so good? He donated more than $160,000 to Gov. "I'd raise half the equity capital, and they would build the plant in Iowa Falls," he said. Its an event designed to promote farm policy in a state where pigs outnumber voters 10 to one, but its also a bold display of the political power Rastetter has amassed and a reminder to candidates that his endorsement would be a big get ahead of the Iowa caucuses. But he saw his hard-charging brother, then 39, change after the accident, ease up on the little things. "One of the reasons I give is to help those candidates be successful. Bruce Rastetter ", HE WAS 'ALWAYS THE ONE WORKING,' FRIEND SAYS. 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. Brent maintains relationships with many people -- family, friends, associates, & neighbors -- including Karli Rastetter, Zachariah Rastetter, Bruce Rastetter, Julie Rastetter and Clifford Gryte. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Bruce Rastetter, a major Republican donor in Iowa, and Kip Tom, a farmer who ran for Congress in Indiana this year but was defeated in the primary, are also among those being considered,. Kevin Bogenreif Managing Director. You had to be thinking about it before the whole boom even started, and then the market cooled so fast.". 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 But he does open up about two events that changed his life the death of a dear friend in a tragic accident in which he was involved, and a business deal that helped him earn enough money to start giving it away. Many people ask about the amount of money Bruce Rastetter makes from Instagram. A highly-courted donor, Rastetter has steadily and strategically built his personal and political brand over the past several years. ", "It was about Bruce supporting a friend he saw work hard," Sweeney said. Brent's net worth hovers over $250,000 - $499,999 with a yearly income that's about $200 - 249,999.