ICCI plans to protest Rastetters corporate ag summit next week. I see a ton of activists who don't give significant dollars that still have a great impact," he said. In 2015, Ballotpedia identified Bruce Rastetter as a top influencer by state. ", "It was about Bruce supporting a friend he saw work hard," Sweeney said. He has the right combination of everything, says son Myron, who has worked alongside his father at the company for 20 years. 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). Thats good news since the worlds population continues to grow by about 85 million every year, while arable land remains scarce. Some still infringed and faced legal confrontation if caught, but largely the strategy worked. Iowa CEO whose company has Brazil ethanol plants say they aren't 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. I've never believed in looking back other than there should be new experiences and new things you do in life.". podcast episodes, Brokers, Bagmen, & Moles podcast episodes, Connections with BCD Travel podcast episodes, Cyber Security & Cloud Podcast podcast episodes, Coinbase Institutional Market Call podcast episodes, South Side Rules: A Shameless Podcast podcast episodes. This story appears in the April 13, 2014 issue of Forbes. Even if the process has grown more involved and advanced, the strategy behind breeding has changed little in ten millennia. Asked about Rastetters annual shindig, Branstad, whos attended the last several years, gushed that the event is emblematic of Rastetters loyal personality. Your email address will not be published. In 1994 the U.S. government granted its first patents on the full genetic makeup of a soybean. State executives | Bruce Rastetter is the CEO and founder of the Summit Agricultural Group, an agribusiness based in Iowa. | William Rastetter Net Worth (2022) | wallmine Stines savvy is homegrown. And I think we need principled leaders, which is one of the reasons I encouraged Branstad to run again. He both shuns the spotlight and seeks it. 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. He couldn't stop hog and ethanol prices from plummeting, he said, but he could make sure his employees were paid through it all. Your email address will not be published. Hog production is a cyclical industry, and, ultimately, prices tanked. He's been reserved and quiet forever. A sense of dj vu with Rastetter's Iowa Ag Summit He isnt bashful about what his small-town company has accomplished. 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. Were willing to give Stine the benefit of the doubt for a simple reason. 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. Copyright 2023 Surperformance. He also has given money to the University of Iowa and University of Northern Iowa, and has an exhibit building named after him after a $1 million contribution to the Iowa State Fair. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. The cables look awfully frayed. Stines business model had been blessed by the highest court in the land. With $30 million from J.H. Its going to be the way of the future., Not everyone buys what Stine is selling. Rastetter's staff soon called to confirm the appointment with the governor. In 2004, Rastetter sold the company to Christensen Farms, making it the fourth largest pork player in the country. I believe in the whole economic freedom perspective. Rastetter also got plenty of help from Nick Ryan, a major Iowa operative, and his wife Jill Ryan, Santorums former deputy campaign manager. 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). Jimmy Buffett is an American singer-songwriter, author, and businessman who was born in Pascagoula, Mississippi. "Those things really make you think why that is and how that certainly could have been the other way instead of how it turned out," he said. "That was a life-changing event because we had liquidity," he said of the sale. His achievement has been built on a foundation of hard effort. As he faced that loss, Rastetter was often embroiled in local controversy. Based in Adel, Iowa (pop. [1] Rastetter was also helped by Nick and Jill Ryan, the former runs the American Future Fund, a 501(c)(4) that "pulled in more than $13 million from Koch-backed Freedom Partners in 2012. Hog, ethanol baron Bruce Rastetter now a Republican kingmaker "One of the things the chairman of Whitney investments told me, 'No one has done anything without someone helping them.' There has never been a Bruce Rastetter bill in the Iowa Legislature that has benefited me. 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. He declined to discuss undisclosed giving to other political causes. Now 35,000 plants and 150 bushels per acre is commonnearly five times the yieldthanks to modern tractors, fertilizers, pesticides and seeds genetically modified to resist insects and herbicides. 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. "[5] Jill Ryan was Rick Santorums former deputy campaign manager. Its going to take some time, says Rastetter, who is experimenting with Stines model. In early 2015, Rastetter brought a number of 2016 Republican presidential candidates to his Iowa Agriculture Summit for face-to-face public interviews. The Register will also cover counter events held by a coalition including Iowa Citizens for Community Improvement. Disclamer: Bruce Rastetter net worth displayed here are calculated based on a combination social factors. Follow live coverage Saturday from the Iowa Ag Summit at DesMoinesRegister.com/AgSummitLive. "Everyone can have an impact on our political system in different ways. Jimmy Buffett. Crucially, it also forbade them from using his seeds to breed their own. Are public universities being used by corporate interests or are they for the benefit of the people?". Subscribe. When you put him in the room with a bunch of people, hes going to outpace everybody intellectually.. I think that prepared him. He stated, "Mergers like this have the potential to put into motion irreversible damage to agriculture."[9][10]. "But once you build trust with him, he allows you to share in decision-making. 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. Brent Van Rastetter, 56 - Ames, IA - Has Court or Arrest Records 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 conventional spacing of corn rows has also largely persisted at 30 inches or more in modern agriculture, with narrower rows in use on less than 5% of corn acres in North America as of 2012, according to rival DuPont Pioneer. Ask rural environmental activists what they think of Rastetter and you will get an earful. Rastetter said it was unfortunate that the deal unraveled. Hes also developed his share of business and political enemies in recent years, ranging from environmentalists who dont like his hog operations to university advocates who dont like the way his money has bought influence at the states public universities, where he leads the board of regents. Many people ask about the amount of money The Kentucky Headhunters makes from Instagram. It's part of modern agriculture.". 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. Justin Kirchhoff President, Summit Ag Investors. So I asked to be appointed to the regents.". Many people ask about the amount of money Bruce Rastetter makes from Instagram. He used the new riches to give $2.5 million to Iowa State for an office suite and an endowed faculty position, the Bruce Rastetter Chair in Agricultural Entrepreneurship. 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.". And furthermore, how can this little farm kid out here be doing this?. The estimated Net Worth of William H Rastetter is at least $6.83 Milione dollars as of 19 April 2023. This time, the candidates will all come to him. Many people ask this question about the money Bruce Rastetter makes from Facebook. The governor personally called Bush who has not been to Iowa since declaring his intention to mull a 2016 run and also Perry to convince them to attend. On one of the windiest days in recent memory Harry Stine, the richest man in Iowa, cranes his neck to examine the elevator shaft inside the 110-foot steel observation tower next to his garage. According to internet, Bruce Rastetter's height is 1.75m. In addition, he makes $671,980 as Independent Chairman of the Board at Neurocrine . Asked about the potential perception that he failed at two industries and still came out ahead, he scoffs. Through all that, Rastetter learned how to fight in the public arena, get out front with his views and influence politicians who help set the rules. [1] Career [ edit] Ballot measures, Who represents me? Please only use it for a guidance and Bruce Rastetter's actual income may vary a lot from the dollar amount shown above. William Rastetter Net Worth (2023) | wallmine [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. ", 'A TIGER' PUSHING CHANGE ON BOARD OF REGENTS. J.D. 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. His friend was killed. 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. I don't view it as being a kingmaker. His disabilities were actually advantages that let him see things in ways others did not. News coverage has rarely featured his private life. "What we were doing was more environmentally sound than what we were doing on the small farm I grew up on. "This isn't K-12 where everything is alike. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. In the coming days, Rastetter will be narrowing down what questions hell ask the candidates on March 7. "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. The contracts Stine drew up prohibited this. He has faced other questions about the ties between businesses under the Summit Group's umbrella and university research on his farm, and about no-interest loans from ISU's Iowa Energy Center for wind turbines. According to wikipedia, Bruce Rastetter was born on August 15, 1990. [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. 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. Buffett left a permanent mark with his music and he began his . Bruce Rastetter heads the Agriculture Summit. Heartland Pork is now the fourth largest pork producer in the country. I don't give to get access. Rastetter said Summit Farms followed the same application process for the loans as everyone else. Chris Christie, Ted Cruz, Rick Santorum, Donald Trump and Mike Huckabee will enter the agriculture policy ring, too. And now, Rastetter is getting up close and personal with the presidential hopefuls in full view of the media and other deep-pocketed donors. And you sit next to me. "Bruce is like I am. Federal courts | Along with his four children, Stine owns almost 100%. A highly-courted donor, Rastetter has steadily and strategically built his personal and political brand over the past several years. We dominate genetics in the industry.. It was around this time that Stine recognized the necessity of protecting his valuable genetics. Says Stine: Im having too much fun., I cover the .1%: got my mind on their money and their money on my mind. 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. | [6] In 2015 Rastetter announced the inaugural Iowa Agriculture Summit to address the political initiatives and interests of farmers and agriculture in the state, such as GMO's, nutrition labeling, food waste, and biotechnology. He is careful," Lang said. Net Worth: $600 Million. He's clearing the air a bit on a cold February day in his CEO offices of Summit Group, his multinational agriculture, investment and energy corporation near Alden. I think its already working.. It also helped secure Stine, in 1997, one of the most pivotal and lucrative deals in agricultural history. Monitor your investments 24 hours a day, around the clock from around the globe. He started feeding hogs on contract in 1984, and within two years, 500 head grew to 100,000. YOU HAVE 10,000 FOLLOWERS: Agribusiness leaders point to Rastetter as the quintessential Iowa farm boy success story, but as hes ascended, hes also become a controversial figure in the state. $140 per post at $7/CPM. "One of the reasons I give is to help those candidates be successful. A graduate of the University of Iowa, Rastetter holds a bachelor's degree in political science. Roundup Ready technology combined with Stines industry-leading soybean genetics was a natural fit. On it are printed the scores of wins against Nebraska and Michigan. He said Rastetter held meetings that promised an increased tax base, productions with little smell and a rising price for local farmers' corn. "It's part of the reason I got into politics," Rastetter said. His sister and I would give him the business, and he would nod and keep going. For Klicker, Rastetter is the poster boy for everything thats wrong with big pork. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. 5. "Bruce does a good job of staying in touch, at least once a week. Since 2010, Rastetter has donated over $1 million to candidates and. This story appears in the April 13, 2014 issue of Forbes. If it works out, it wont be the first time this farm kid, unknown outside his industry, has changed the world. 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. [2][3], Rastetter first became involved with the Iowa Board of Regents in 2011, becoming its president in 2013. 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. Bruce Rastetter net worth and salary income estimation He has also emerged as one of the leading Republican financial contributors in Iowa over the past decade and will stand in the national spotlight Saturday as organizer of the inaugural "Iowa Agricultural Summit" for presidential hopefuls. And then well negotiate.. 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. Click here to contact our editorial staff, and click here to report an error. Ryan said the agriculture summit was his idea. Check Background Get Contact Info This Is Me - Edit They can take on many forms: politicians, lobbyists, advisors, donors, corporations, industry groups, labor unions, single-issue organizations, nonprofits, to name a few. Rastetter was front and center of the fight. "But I think the experiences I've had in life and people I've met, we've tried to have some fun. Tad had turned around on a dime, and the accident happened.". With more than 900 patents, Stine sells his coveted soybean and corn seed genetics to agri-giants like Monsanto and Syngenta, nabbing estimated annual sales of more than$1 billion with margins in excess of 10%. 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. Now people from all walks of life have started evaluating his merits. Downer says the performance-based funding model doesn't take into account that some programs cost more. [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. [2][3] In 2000, Rastetter created a wind farm in north central Iowa, which he sold in 2007 to Alliant Energy. $25 per post at a $5/CPM. It also might work to throw in the magic Iowa words work ethic that are so ingrained in Rastetter's DNA. 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. A DuPont Pioneer study from 2012 concluded that for most of the Corn Belt narrow rows do little to increase yields. 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. 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. 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. 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. 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. [1], Bruce Rastetter began his career in 1990 with Summit Farms, then, four years later, he established Heartland Pork, a pork farm, which, by 2004 was a $1.2 million pig operation. Rastetter, 58, can engage deeply on business issues, but rips through his childhood background quickly during an interview. 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. 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. "It was a life-changing event for me," he said. 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 Bruce Rastetter is the CEO and founder of the Summit Agricultural Group, an agribusiness based in Iowa. <br/>Ten items Rastetter doesn't want you to know about his Tanzania His own father, he said, was risk averse. Rastetter was unhurt. Norm Coleman but no longer gives to the group. Rastetter's name is synonymous with fights as a leader in three tender subject areas in Iowa large-scale agriculture, ethanol production and education funding. Terry Branstad. School districts | Theres people who want to move us back to the 1930s and 1940s. Growing up on a 300-acre family farm near Alden, Iowa, Rastetter started his career with his own feed management business. Who knows if it will last one more time? he chuckles. Having conquered pork, Rastetter then turned his sights to ethanol. Required fields are marked *. "No matter what endeavors, Bruce always supports his friends.". Agriculture and energy reporter Donnelle Eller (@DonnelleE) also will provide coverage. A prolific political donor, Rastetter has spent millions on federal, state, and local politics over the past two decades. "All those words fit him to a T. It seems like anything he touches turns to gold.". How to vote | Some students said they felt the full weight of pressure for criticizing an influential donor. Aside from whatever financial ties exist, Ryan and Rastetter are close allies. The estimated Net Worth of William H Rastetter is at least $6.55 Million dollars as of 1 April 2022. 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. Tuition has been frozen for three years straight. Bruce is the kind of person who never forgets a friend.. "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. It's one Iowa coach Kirk Ferentz gave him in 2013. 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. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? Bleeding Heartland Though the company also began breeding corn seed genetics, soybeans remained its most profitable niche. He is incredibly focused and driven," said Nick Ryan, founder of American Future Fund, a nonprofit that Rastetter provided seed money to start and that has become a major financial contributor to conservative candidacies. 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. Bankrupt Bruce Rastetter. He attended the University of Iowa, studying political science. Hes been diagnosed with environmentally-induced asthma and since moved to Colorado, he said. "But the more I thought about it Bruce was one of those people who encouraged and supported me." He's somebody whose opinions I value greatly. And when we were after change in policy, he was a tiger.". I view it as trying to make a difference.". He donated more than $160,000 to Gov. Bruce L. Rastetter - Biography Iowa politics, ag heavyweight Bruce Rastetter sets sights on $4.5
