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Deere reports 1st Q net income is up $1B+ from last year

Ag/Outdoor, News

February 17th, 2023 by Ric Hanson

(Radio Iowa) – Iowa’s largest manufacturing employer is reporting a stellar first quarter of the fiscal year. Deere and Company reports net income for the first quarter of one-point-nine billion dollars, that’s up just over a billion from the first quarter a year ago. Quad Cities-based Deere also reports worldwide revenues rose 32 percent, while net sales hit 11-point-4 billion, compared to 8-point-5 billion the year before.

In a news release, Deere chairman and CEO John May said the company’s “performance is a reflection of favorable market fundamentals and healthy demand for equipment as well as solid execution on the part of employees, dealers and suppliers.”

ISU study focuses on how beaver dams impact water quality and quantity

Ag/Outdoor, News

February 17th, 2023 by Ric Hanson

(Radio Iowa) – Researchers at Iowa State University are studying beavers and the dams they build to determine what impact they may be having on the state’s fragile system of watersheds. The study’s name is the question they hope to answer — “Beavers: Superheroes for Water Quality?” Billy Beck, an I-S-U professor of natural resource ecology and management, says it’s still early in the three-year study, but they’re already starting to see some fascinating results. “We’re not really saying that they’re good or they’re bad at this point,” Beck says. “We just want to get some numbers on what exactly they’re doing for water quality and water quantity. For water quality, we’re looking at do they trap sediments and other nutrients behind the dam, which, nutrients can be problematic in excess, like phosphorus and nitrate.”

Beck, who’s also an I-S-U Extension and Outreach forestry specialist, says beavers were hunted to near-extinction in Iowa more than a century ago but have since rebounded. Some farmers and landowners may be annoyed by the nocturnal rodents because of the flooding caused by their dams. “Flooding is often thought of as a bad thing, but when rivers flood, a lot of good things happen for water quality and water quantity,” Beck says. “There’s a lot of nutrient deposition on our floodplains that goes into long-term storage. It’s a huge sponge that soaks up that flood velocity, preventing excessive downstream flooding.”

ISU Prof. Billy Beck (right) and grad student Andrew Rupiper at a beaver dam study site. (IA Learning Farms photo)

Beavers rarely just build one dam, it’s usually a whole string of dams, so Beck says they’re carefully testing the water in multiple areas. “We’re taking water quality samples from above, we’re checking water quality at a series of places throughout the dam chain, and then finally at the end of the chain,” Beck says. “We’re sampling those for nitrogen or nitrate, phosphorus, sediments, and then things like dissolved oxygen and temperature, things like that.” Early findings indicate that nitrate levels are being reduced by beaver dam chains at the rate of one-to-two parts per million. “Which doesn’t sound like a lot, but if you factor in all the water that runs through there and multiply that by the concentration, that’s a lot of pounds of nitrates that are being removed in that dam system,” Beck says. “Then, comparing that to an equal length of non-dammed stream, that’s a big reduction in that short of a time.”

The study, supported by the Iowa Nutrient Research Center, is looking at beaver dams in north-central Iowa, including along Prairie Creek near Fort Dodge and along Caton Branch, near Woodward. Beck says there’s been much more study in the Pacific Northwest of beavers and their impacts, especially on fish populations, but little is known about them in the agricultural landscape of Iowa.

UPDATED: House GOP leaders propose carbon pipeline regulations

Ag/Outdoor, News

February 16th, 2023 by Ric Hanson

(Radio Iowa) – The speaker of the Iowa House and 21 of his G-O-P colleagues have introduced a bill that could delay or possibly even derail proposed carbon pipeline projects in Iowa. Representative Steven Holt, a Republican from Denison, is a lead sponsor. “I am standing up for landowners that were there first,” Holt says. If the bill becomes law, pipeline developers would have to get voluntary access to 90 percent of the pipeline route through Iowa before state utility regulators could grant the companies eminent domain authority to seize the rest.

The bill also says the Iowa Utilities Board could not issue permits until new safety guidelines for carbon pipelines are issued by the federal government AND developers secure permits from the neighboring states that the pipelines would pass through. “All of these things, again, are designed to provide some protections for our property owners that are going through this situation,” Holt says. “Some of them do not want the pipeline to come through their property.”

Legislators began discussing new pipeline specific rules last year, but took no action. Pipeline backers have said it’s unfair to change regulations after project development is well underway. Holt says it’s not the concept of capturing carbon from ethanol plants that’s the issue, it’s the use of eminent domain to seize private property for these projects that’s the concern. “Let’s talk about the landowners. Let’s talk about the Century Farms that have been there for over 100 years. Let’s talk about these property owners that don’t want this pipeline under their farms,” Hotl says. “What about them? What about the rug being pulled out from under them?”

A Republican senator has introduced five different bills to address pipeline issues, but it’s unclear what the G-O-P majority in the Senate would support. The House bill has the backing of the top Republican in the House as well as the chairmen of House committees that deal with taxation and legal issues. Holt, who chairman of the House Judiciary Committee, says the bill would set up a process for landowners to file complaints with the Iowa Utilities Board about inadequate land restoration along the pipeline route.

“The bill expands damages that can be compensated for…This includes soil compaction, damage to soil or water conservation structures and damage to irrigation or drainage systems,” Holt says. “The bill further expands the claims a landowner can bring to include any identifiable loss due to pipeline activity and then finally it allows that a landowner may file a claim of relief in either small claims or district court.” Holt says the pipelines are major issue in his district, which includes Shelby County.

The Shelby County Board of Supervisors has established local zoning rules for the pipelines — and is being sued by Summit Carbon Solutions. “It’s a huge issue for landowners that believe as I do that the use of eminent domain should be for highways, it should be for essential government services and infrastructure that meets the public good,” Holt says, “and this is a very different project that does not meet those requirements.” Holt made his comments late this (Thursday) morning during an online news conference.

A spokesman for Summit Carbon Solutions says the company announced its carbon capture project two years ago and is hopeful that legislators will not change the regulatory rules in the middle of the game.

31st Annual Wallace Foundation meeting set for March 15th

Ag/Outdoor, News

February 16th, 2023 by Ric Hanson

(Lewis, Iowa) – The 31st Annual meeting for the Wallace Foundation for Rural Research & Development will be held on Wednesday, March 15, 2023, at the Learning Center in Lewis, Iowa*. Registration begins at 9:00-a.m., followed by the program with two speakers, at 9:30-a.m.

Lunch will be served at 11:30 followed by the Annual meeting of the Foundation. This year’s speakers  include Tony Mensing a Field Agriculture Engineer for ISU Extension and Outreach. He will be speaking on Soil Compaction. And, Mark Licht, Assistant Professor and Extension Cropping System Specialist in the Dept of Agronomy at Iowa State University. He will be speaking on farming in Urkaine: Warzone or breadbasket of the World. His extension, research and teaching program is focused on how to holistically manage cropping systems to achieve productivity, profitability, and environmental goals. His research is centered around varied aspects of soybean, corn, and cover crop management.

The Program-is open to the public and there is no fee for attending. The day will conclude with the Wallace Foundation Membership Annual Business Meeting.

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*The Armstrong Research Farm is located approximately 12 miles southwest of Atlantic, IA on Highway 6, south on 525th Street, east on Hitchcock Avenue.

Northeast Iowa livestock company and managers sentenced in fraud scheme

Ag/Outdoor, News

February 15th, 2023 by Ric Hanson

(Radio Iowa) – A northeast Iowa livestock company and four managers have been sentenced in federal court in a scheme to defraud livestock producers throughout Iowa and the Midwest. Fifty-one-year-old Joe Wickham of Waucoma, 65-year-old Charlie Lynch of Waucoma, 60-year-old Leland “Pete” Blue of Fredericksburg pleaded guilty to conspiracy to defraud. While 31-year-old Tyler Thoms of Fayette pled guilty to one count of causing a livestock dealer to keep inaccurate accounts and records.

The charges came from their work with Lynch Livestock, where they were accused of downgrading cattle and manipulating scales to defraud customers during nearly two decades. Wickham and Lynch were fined three-thousand dollars and Blue one thousand. Wickham was sentenced to six months in prison, and the others were each given probation. The company was fined 196-thousand dollars and ordered to pay more than three million dollars in restitution.

Renewable fuels industry report: state could lose ethanol plants without carbon dioxide pipelines

Ag/Outdoor, News

February 15th, 2023 by Ric Hanson

(Radio Iowa) – The Iowa Renewable Fuels Association has released an economic study that says using carbon dioxide pipelines at ethanol plants will increase profits and keep most of the industry from leaving the state.

Dave Miller of Decision Innovation Solutions wrote the report which says taking advantage of federal tax credits for reducing carbon in ethanol would dramatically improve margins. “We built the industry on operating margins in the 20 to 30 cents a gallon range on gross operating margins. Our estimate is that with a 45-Z tax credit that gross operating margin basically doubles,” he says.

The carbon dioxide has to be taken out to make ethanol more carbon friendly to compete with other fuels. Miller says without carbon sequestration, the ethanol production in Iowa would move out to another state who would take advantage of the tax credits. “From about 2007 to 11, we built the Iowa ethanol industry, and in about that same period, that whole industry could move, probably not far beyond the borders of Iowa,” Miller says.

Monte Shaw. (IRFA photo)

Iowa Renewable Fuels Association president, Monte Shaw, says Iowa farmers could still sell their corn to ethanol plants but would have to pay to ship it. “When you are shipping corn instead of adding value to it where you are dropping it off — you are not going to get the same money — about ten billion dollars in lost revenues,” Shaw says. Miller says pipelines are the best way to ship the carbon dioxide to keep the costs down and allow the plants to expand.

Dave Miller. (IRFA photo)

“It is an additional $2.16 billion a year that would flow into the state. We have not done an economic impact study on what all the secondary and tertiary effects are of that,” Miller says. But he says the second impact would exist and stimulate substantial economic activity within the state.

Shaw says other carbon capture options for ethanol plants take time to develop and Iowa could lose 75% of its plants without the pipelines. “You know, we’re in a competition to produce low-carbon transportation options. And so this technology — this carbon capture and sequestration technology is the single biggest and best tool we have to keep liquid fuels like ethanol, competitive with electric vehicles going forward,” Shaw says.

Shaw says he understands the concerns about pipelines but says overall pipelines have an incredibly safe track record. And when it comes to payment for easements — Shaw says the pipeline companies are willing to negotiate. “I have yet to run into a landowner who has a pipeline, proposed to go across their land, who has engaged with one of the companies. And then who I’ve talked to, that said, ‘you know, they really just weren’t offering a fair price’.” Shaw says.

Shaw says he’s familiar with one negotiation near his hometown and wishes the pipeline was running across his land because it would have been about the best way for his farm to make money for the next five years. Shaw says landowners should see what they can get for their easements.”We’re not saying hey, ram these things through, we’re saying ‘fair and equitable’. So we urge landowners not to listen to some of the misinformation that’s definitely been put out there about these pipelines. But to sit down and talk, bring your list of questions, bring your list of concerns,” he says.

Shaw says if we can’t have low-carbon biofuels, we’re going to be stuck with no choice other than electronic vehicles, and he says there should be competition and options for consumers.

Local Posted County Prices, 2/14/2023

Ag/Outdoor

February 14th, 2023 by Ric Hanson

Cass County: Corn $6.66 Beans $14.91
Adair County: Corn $6.63 Beans $14.94
Adams County: Corn $6.63 Beans $14.90
Audubon County: Corn $6.65 Beans $14.93
East Pottawattamie County: Corn $6.69 Beans $14.91
Guthrie County: Corn $6.68 Beans $14.95
Montgomery County: Corn $6.68 Beans $14.93
Shelby County: Corn $6.69 Beans $14.91

Oats $3.54 (Same in all counties)

 

Snowmobilers happy to see more snow in the forecast

Ag/Outdoor, News, Sports

February 13th, 2023 by Ric Hanson

(Radio Iowa) – While it’s unseasonably warm across much of Iowa Monday  afternoon, forecasters say high temperatures will be back down in the 20s by Thursday with the chance for more snow, which is excellent news for the state’s thousands of snowmobiling enthusiasts.

Jim Willey of Manchester is spokesman for the Iowa State Snowmobile Association. “We have had some challenging years the last few years,” Willey says. “It’s one of the largest outdoor activities worldwide, but in Iowa, we’re very dependent on getting the right weather. It drives about $30 billion of economic activity in North America, and a big segment of that happens in Iowa when we have snow, and it’s disappointing when we don’t.”

There are about 60 snowmobiling clubs across Iowa which groom more than 8,800 miles of trails statewide. “The trail program is the largest recreational trail system in Iowa,” Willey says. “It’s all completely funded by the registration and trail passes that Iowa snowmobilers buy for their machines. It’s totally a self-funded program. There’s no tax dollars that go into it whatsoever and it’s all paid for by the people that use it.”

(ISSA photo)

There have been multiple advances in technology in recent years, improving the helmets and communications, the snowsuits, boots and gloves, and the snowmobiles themselves. “The type of equipment that’s available today makes it very comfortable to be out in even sub-zero weather riding your snowmobile,” Willey says. “The equipment that snowmobiles have today make them safer and more stable and more enjoyable for everybody to ride.”

Learn more at: www.iowasnowmobiler.com.

Spring is only six weeks away (we hope) – Now’s the time for a midwinter boat checkup

Ag/Outdoor, News

February 11th, 2023 by Ric Hanson

(Iowa DNR News) – A midwinter visit to check on the boat − no matter if stored ashore in a backyard or a marina parking lot − is a wise thing to do. Boat Owners Association of The United States (BoatUS) has four tips to ensure there are no surprises at spring commissioning.

Water is bad. The number-one concern for any boat in long-term winter storage is water. It can’t be allowed in, but if it does, the water needs a way out. Check the boat’s winter cover to ensure it still allows rain and heavy snow loads to easily shed away from the boat. Small boats should have the drain plug removed. A tight-fitting winter cover will also help keep out the critters, including raccoons, feral cats and muskrats, whose damage boat insurance policies generally do not cover.

Take it home. If you forgot to bring home life jackets when you put the boat away in the fall, it’s best to do it now. That includes throwable devices you keep near the helm. Lifejackets will last longer and stay cleaner. Store in a dry location at home. Signal flares can be kept aboard if they are in location not affected by moisture. Some handheld air horns can leave a not-easy-to-remove rust ring when stored in their upright position. Both signal devices can be put into zip top freezer bags. Other common items left on the boat during winter storage are liquid cleaners that can burst open during the freeze/thaw cycle and food, which draw vermin.

Air it out. Try to ventilate the boat, which will help keep mold and mildew at bay. If the boat is closed tightly and doesn’t have ventilation, use desiccants – often sold in bucket type containers – in cuddy cabins or living space below. Follow the manufacturer instructions and you should be able keep a fairly dry boat making spring cleanup easier and preserving the boat’s value.

Be safe. There may be ice and snow this time of year. If you need to use a ladder, ensure its firmly planted, always tie it off at the top, and have a friend hold it while ascending/descending. Never move or adjust a jack stand – call the yard for assistance. Tying off a winter cover to jack stands is also a bad idea as the stands could be yanked out from under the boat during high winds.

Local Posted County Prices 2/10/2023

Ag/Outdoor

February 10th, 2023 by Ric Hanson

Cass County: Corn $6.62 Beans $14.75
Adair County: Corn $6.59 Beans $14.78
Adams County: Corn $6.59 Beans $14.74
Audubon County: Corn $6.61 Beans $14.77
East Pottawattamie County: Corn $6.65 Beans $14.75
Guthrie County: Corn $6.64 Beans $14.79
Montgomery County: Corn $6.64 Beans $14.77
Shelby County: Corn $6.65 Beans $14.75

Oats $3.61 (Same in all counties)