bruce rastetter net worth

In 1989, De Niro co-founded the hugely successful production company TriBeCa Productions, and the actor owns several top restaurants around the world. I see a ton of activists who don't give significant dollars that still have a great impact," he said. J.D. 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. 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. | Rastetter's staff soon called to confirm the appointment with the governor. In 2015, Ballotpedia identified Bruce Rastetter as a top influencer by state. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. 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. Find previews and full coverage at DesMoinesRegister.com/AgSummitLive. "People who aren't successful don't," Rastetter said. Your California Privacy Rights/Privacy Policy. "Professors even discouraged us from talking about it because it was too sensitive," said Angie Carter, a graduate student in sustainable agriculture. 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. The company supports capital investments with strategic private equity partnerships and manages agricultural assets, including extensive beef, pork and grain production facilities. 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. His own father, he said, was risk averse. His experience in the hog industry taught him there was a time to go to market, he said. "Everyone can have an impact on our political system in different ways. 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. Influencers in American politics are power players who help get candidates elected, put through policy proposals, cause ideological changes, and affect popular perceptions. Like one of those for your desk? How to run for office | Its a long-running gag hes played on acquaintances, business competitors and even his wife, Molly, who had suffered the misfortune of the elevator actually breaking and had to climb down the ladderin heels. The party has become a well-heeled annual event. I don't view it as being a kingmaker. Rastetter, 58, can engage deeply on business issues, but rips through his childhood background quickly during an interview. How to vote | He said Rastetter held meetings that promised an increased tax base, productions with little smell and a rising price for local farmers' corn. Growing up on a 300-acre family farm near Alden, Iowa, Rastetter started his career with his own feed management business. 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. Terry Branstad's election in 2010 and. When Branstad appointed Rastetter to the Iowa Board of Regents in 2011, Rastetter became an ally of Lang, then the board president. Asked about the potential perception that he failed at two industries and still came out ahead, he scoffs. Stine Seed was first in line to get its top-performing varieties patented. Rastetter, whose company has a financial interest in agriculture subsidies and strong land prices, in particular, is eager to insert farm policy into the 2016 conversation, though he is coy about his own policy positions. Cities | 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. "Bruce was always the one working," said Annette Sweeney, a childhood friend who would come over often to play with Bruce's younger sister. Aside from whatever financial ties exist, Ryan and Rastetter are close allies. His term expired in 2017. 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. He has the right combination of everything, says son Myron, who has worked alongside his father at the company for 20 years. Tuition has been frozen for three years straight. 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. Justin Kirchhoff President, Summit Ag Investors. | Rastetter told POLITICO that he donated to AFF in 2008 to run positive ads in support of then Sen. And then well negotiate.. $25 per post at a $5/CPM. Moreover, he could start his own breeding program using the seeds. We have to make sure that not only is the education affordable, but it brings the value for what the students and parents are paying.". @MarcoBattaglia Pipe scams end when everyone tells Bruce Rastetter that atmospheric C02 is more abundant than water https://t.co/US30lSmktc. State legislature | But they always encouraged him to work hard toward a better life. [3], In 2003, Rastetter created Hawkeye Renewables and served as the CEO until 2011. Bruce Rastetter, the "philanthropist", has used money effectively to wield power in politics and the public realm. 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[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. Its very simple. And apparently a lot of people working in the same industry cant see that. Rastetter said it was unfortunate that the deal unraveled. Jimmy Buffett. Were willing to give Stine the benefit of the doubt for a simple reason. ", Later in life, Rastetter supported Sweeney's run for office in the Iowa Legislature against fellow Republican Pat Grassley, grandson of U.S. Sen. Chuck Grassley, who consistently tops polls as Iowa's most popular politician. After breeding many descendants of the seeds with that genetic makeup, the company has developed corn that can be planted in much narrower rows12 inches or even pairs of rows 8 inches apartincreasing the number of plants per acre to as much as 80,000. Theres people who want to move us back to the 1930s and 1940s. Celebrities more often then not want to keep their love affairs secret, if you happen to know the name of Bruce Rastetter's partner, please leave a comment in the section below. 4,000), the dozen or so companies under Stines umbrella form an unlikely titan at the heart of the market, directly or indirectly generating revenues from almost 50 million acres of crops in the U.S. each year. It shows a superior foresight.. It's part of modern agriculture.". Ryan said the agriculture summit was his idea. I think that prepared him. I dont see extremely quick adoption, but I do think theres an early-mover advantage to doing it and learning to do it well., Stine is hardly alone in his beliefs. This story appears in the April 13, 2014 issue of Forbes. Whitney and other investors, Heartland Pork Enterprises Inc. became the fastest-growing hog operation in Iowa and the United States and the 12th-largest pork producer. 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. 5. Ask rural environmental activists what they think of Rastetter and you will get an earful. Hes also come under fire for an Iowa State University-backed development projectin Tanzania which critics argued was a land grab that would benefit his own company for receiving half a million in no-interest wind energy loans from a university program and for having a ISU researchers conduct a beef study on his own farm. 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. It's what our country and our economic system allows," he said. Rastetter describes what happened next as the best day of his life. Long before that, Rastetter had already had a very good day. 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. Future changes in production practices could favor narrow rows at some point, says Mark Jeschke, DuPont Pioneers agronomy research manager. 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. Elections in 2023 | YOU HAVE 10,000 FOLLOWERS: Were going to be able to double corn yields very easily, says Stine. 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. When you put him in the room with a bunch of people, hes going to outpace everybody intellectually.. A highly-courted donor, Rastetter has steadily and strategically built his personal and political brand over the past several years. In response to several "no confidence" votes against the Iowa Board of Regents this week, board President Bruce Rastetter said Wednesday he was pleased backlash has been directed at the regents. "[5] Jill Ryan was Rick Santorums former deputy campaign manager. Bruce Rastetter said he didn't see Ryan, and "we ran into each other." A graduate of the University of Iowa, Rastetter holds a bachelors degree in political science. I could smell the stench from them all the time, no matter which way the wind blew.. Now heres whats going to happen. Rastetter admits he hasn't taken much time to get away from work. 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. Monsanto is doing similar work, and hell have to battle with it for market share should crop growers flock en masse to high-density planting. 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. We dominate genetics in the industry.. Required fields are marked *. @IowaRegents Going to call bullshit on Ag Communication. Additionally, it was a labor-intensive, painstaking endeavor, unsuitable to most businessmen or dawn-to-dusk farmers but perfect for Stine, innately curious and capable of intense focus, despite a childhood filled with academic struggles. 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 Back in 2011, he tried to get Chris Christie in the race, at one point flying a handful of Iowa heavy hitters out to New Jersey to appeal to the governor in person. his Basic income source is mostly from Though the company also began breeding corn seed genetics, soybeans remained its most profitable niche. 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. Stine Seed does business with all of the heavyweights and has for more than three decades, primarily because it has something everybody else needs: the best-performing soybean seeds in the business. 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. In the early 1930s, prior to the Dust Bowl, 7,000 corn plants per acre were grown in the U.S., yielding about 27 bushels per acre. He also possessed a canny, fluid mental aptitude for data and math. "This isn't K-12 where everything is alike. It also might work to throw in the magic Iowa words work ethic that are so ingrained in Rastetter's DNA. I've never believed in looking back other than there should be new experiences and new things you do in life.". "I've never been jealous of other people's success. But a fancy biotech trait offered limited value if the genetic base of the seed was inferior and overall yields suffered. Brent maintains relationships with many people -- family, friends, associates, & neighbors -- including Karli Rastetter, Zachariah Rastetter, Bruce Rastetter, Julie Rastetter and Clifford Gryte. Harrys breeding for it, says Van Wiebe, an agronomist with Hefty Seed in Buhl, Idaho, who has seen a 30% difference between Stines seed and those of his rivals in his experimental fields. He recalls Bruce came to town and made a lot of promises to the community about good jobs and economic growth. ". Subscribe. Hes been diagnosed with environmentally-induced asthma and since moved to Colorado, he said. "It doesn't mean you ought not try. As he faced that loss, Rastetter was often embroiled in local controversy. He isnt bashful about what his small-town company has accomplished. He is a very caring, sincere individual who doesnt ever forget somebody, he said, noting that Rastetter invites a broad range of people, from folks he went to Sunday school with all the way through the people on Wall Street. "I think he has been an effective leader. He is always ready for a good fight," said Craig Lang, his friend, fellow agribusinessman and former regents president. That lead was solidified in 2013, when the protections of patented seeds like Roundup Ready withstood a challenge in the U.S. Supreme Court. Some students said they felt the full weight of pressure for criticizing an influential donor. 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 He previously served as president of the Iowa Board of Regents, working on initiatives across the Regents system, which consists of more than 27,000 employees, 80,000 students and an annual budget of $5.6 billion. George Clooney. Click here to contact our editorial staff, and click here to report an error. In Iowa, Bruce Rastetter's Summit Agricultural Group said earlier this year that it was creating Summit Carbon Solutions, which plans to accept carbon emissions from biofuel facilities across. On this weeks episode of Idea Generation, Paul Rodriguez Jr. describes his early days as a young skateboarder in California, how he became the face of Nike Skate and eventually launched his own brand, Primitive Skateboarding. "A guy looks back on things and wishes he would have done this or that thing, or taken more time and not worked so hard," Rastetter said. Back then, he says, he just thought he was retarded.. Those qualities he has have enabled him to do in business what he has done. 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 frozen Iowa farmland. Stine will only say he receives a cut from his companys contributions to Roundup Ready soybeans, and its relationship with Monsanto extends well into the future. Election disclosures show Rastetter gave $25,000 to an AFF-affiliated super PAC in the 2014 cycle, but had not given to the PAC since donating $5,000 in 2009 a drop in the bucket for groups that have spent tens of millions in recent years. According to Forbes and industry experts' latest study, Bruce Rastetter estimated net worth is more than a couple of million USD. Ballot measures, Who represents me? His disabilities were actually advantages that let him see things in ways others did not. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Hes kidding, of course. Summit Agricultural Group | All Rights Reserved. By the time it got its 1994 patent Stine had become the largest private seed company in the country, the bulk of its revenues still coming from royalties from licensing its award-winning soybean genetics. At the time Monsantowith Fraley, then president of the companys genomics group, leading the chargehad developed the biotechnology to insert genes into crop seeds, making them resistant to glyphosate, the plant-killing herbicide in the companys dominant weed killer, Roundup. A friend once described a gathering for a well-known Texan who went bankrupt. Hawkeye went on to build two more plants in Menlo and Shell Rock, and Rastetter maintained his management team. So how did he come out of the hog market downturn smelling so good? U.S. Congress | Meet Bruce Rastetter, the man behind the Iowa Agriculture Summit, which is drawing 11 presidential hopefuls to Iowa March 7. "The market was right, and he took advantage of it," said Walt Wendland, who founded Golden Grain Energy in Mason City. It wasnt a coincidence: As early as the 1970s Stine, who had taken one business law class at McPherson College, a small liberal arts school in Kansas, was stipulating in contracts the royalties companies had to pay for using his seed and prohibiting them from using the seeds their harvest produced to plant for next season. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. "Bruce is the kind of individual that doesn't necessarily fill the room. Kirk Beaubien Managing Director, U.S. Real Estate. I dont understand how peoples brains work and why they do what they do, says Stine. WE CAME UP SHORT. 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. Jon Probst Managing Director. Rastetter counters that students should be happy. If it works out, it wont be the first time this farm kid, unknown outside his industry, has changed the world. "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. 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. A second plant was built in Fairbank, and Rastetter was soon heading Hawkeye Energy, a firm that became Iowa's largest ethanol producer. He said he really wants a serious policy discussion rather than stump speeches, which in past couple of presidential cycles have only really addressed ethanol. Bruce Rastetter, chief executive officer of Summit Agricultural Group, based in north-central Iowa, said this week his ethanol plant in Mato Grosso, Brazil's largest agricultural region, is. "He wants us to do something rather than be something.". He says the role of the regents should be to eliminate duplication and increase efficiency because taxpayers own the universities. To pay for the change, youd need at least an immediate 10% yield improvementand 20% to 30% to really benefit a farms bottom line, estimates Bruce Rastetter, CEO of Summit Group, which grows corn and soybeans on 20,000 acres of land in Iowa and Nebraska. Rastetter has long been known in political circles for his annual summer party, an A-list Republican event complete with pork on a stick that sometimes attracts national conservative figures like Sarah Palin and Bobby Jindal. "That was a life-changing event because we had liquidity," he said of the sale. Since 2010, Rastetter has donated over $1 million to candidates and. 1 MarketScreener is worth more than 1000 Influencers! Early life and education [ edit] Rastetter was born near Iowa Falls, Iowa. Its an unusually public gig for a donor: Rastetter will chat with each candidate on-stage for 20 minutes before 1,000 Iowans and dozens of media outlets. Buying more seeds per acre is expensive. 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. 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