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Prominent banker assesses Iowa economy

Ag/Outdoor, News

December 19th, 2024 by Ric Hanson

(Radio Iowa) – A northwest Iowa banker says interest rates and commodity prices are squeezing the farm economy. Jeff Plagge served as State Banking Superintendent for four years, retired from that post last December and is now a member of a state panel that forecasts state tax revenue. “Harvest was as fast as I’ve ever seen it, personally, this year due to the dry weather and I would say yields from what I’ve heard from most people were at least at or slightly better than usual, with some exceptions in some areas of the state, but the commodity prices have challenged the market,” Plagge says.

“It’s early in the credit cycle so we’ll find out a little bit more over the winter months what the true impact of that is going to be on ag.” In the agri-business sector, Cargill — which makes livestock feed — is laying off five percent of its workforce and John Deere has laid off over 17-hundred workers from its Iowa facilities this year.

“Farmers are pretty good at closing the checkbook when they feel like there are pressures on their balance sheet,” Plagge says. Plagge says despite the headwinds, however, the overall economy has been pretty resilient. Plagge has been in Iowa’s banking industry for 44 years and led four different banking organizations, including Northwest Iowa Banking Corporation in Arnolds Park.

Plagge retired from that family-owned bank holding company in 2020, shortly after he took over as state banking superintendent.

225 people without power in Shelby County

News

December 19th, 2024 by Ric Hanson

(Harlan, Iowa) – Officials with MidAmerican Energy report 225 customers in Shelby County were without power as of just before 2-p.m., today (Thursday). The company serves 2,028 residents and businesses in the county.

CYCLONES ADD FOUR TRANSFERS

Sports

December 19th, 2024 by Christian Adams

AMES, Iowa – The Iowa State football program announced today the addition of four transfers to the roster for the 2025 season.

The additions are defensive back Tre Bell (6-3, 191, Ballwin, Mo. [Parkway West/Lindenwood]), defensive lineman Cannon Butler (6-6, 241, Waterloo, Iowa [Columbus/UNI]), wide receivers Chase Sowell (6-4, 195, Humble, Texas [Atascocita/Colorado/East Carolina]) and Xavier Townsend (5-11, 185, Tampa, Fla. [Berkeley/UCF]).

Bell, who will have two seasons to play for Iowa State, saw action in 20 total games for Lindenwood. He compiled 48 tackles and had 12 pass breakups. Bell picked off a pass against Kansas in a 2024 matchup and had a fumble recovery later in the season. He picked the Cyclones over offers from Kansas and West Virginia.

Butler joins the Cyclones for his final season of eligibility after four seasons at UNI. In his career, Butler racked up 88 tackles, including 16 for a loss, and 8.5 career sacks for the Panthers. He also forced a fumble and had a pair of recoveries. In 2024, Butler notched four tackles against Nebraska.

Sowell joins the Cyclones after redshirting at Colorado and playing two seasons at East Carolina. He will have two seasons to play for the Cyclones. As a Pirate, he had 81 receptions for 1,300 yards and four touchdowns. He finished the 2024 regular season averaging 19.9 yards per reception, which ranked eighth nationally.

Sowell had seven receptions for 138 yards against Army in 2024, one of four 100-yard games in his ECU career. Sowell had offers from a host of Power-4 schools, including Florida, SMU and Arizona State.

Townsend played in 29 games in three seasons at UCF, accumulating 66 receptions and four touchdowns for the Knights. He also had 32 career carries for 278 yards and one touchdown. Townsend has also returned kicks and punts in his career.

Townsend redshirted after playing four games in 2024 and will have two seasons to play at Iowa State.

Iowa State Transfer Additions

Tre Bell – Defensive Back – 6-3, 191, Ballwin, Mo. (Parkway West/Lindenwood)

Cannon Butler – Defensive Line – 6-6, 241, Waterloo, Iowa (Columbus/UNI)

Chase Sowell – Wide Receiver – 6-4, 195, Humble, Texas (Atascocita/Colorado/East Carolina)

Xavier Townsend – Wide Receiver – 5-11, 185, Tampa, Fla. (Berkeley/UCF)

 

2024-25 FOURTH Iowa Girls High School Basketball Rankings

Sports

December 19th, 2024 by Christian Adams

Class 5A
School
Record
LW
1
Johnston
6-0
1
2
Dowling Catholic
5-2
2
3
Waukee Northwest
5-2
3
4
Ankeny Centennial
4-2
4
5
Cedar Rapids Prairie
6-0
5
6
Pleasant Valley
4-2
7
7
Davenport North
4-1
8
8
Waukee
4-3
10
9
Iowa City High
5-1
NR
10
Cedar Falls
5-2
11
11
Bettendorf
4-1
9
12
Iowa City West
6-3
12
13
Iowa City Liberty
4-2
13
14
Southeast Polk
3-3
14
15
Ankeny
4-4
6
Dropped Out: West Des Moines Valley (15)
 
Class 4A
School
Record
LW
1
Sioux City Bishop Heelan
6-1
1
2
North Polk
6-0
2
3
Norwalk
8-0
4
4
Central DeWitt
6-0
5
5
Sioux Center
6-1
3
6
Maquoketa
6-0
6
7
Dallas Center-Grimes
6-1
8
8
Waverly-Shell Rock
6-1
9
9
Cedar Rapids Xavier
5-2
10
10
Pella
5-2
NR
11
Gilbert
4-2
7
12
Clear Creek-Amana
3-3
13
13
Carlisle
4-1
12
14
Marion
4-1
15
15
Storm Lake
4-2
11
 
Dropped Out: Oskaloosa (14)
 
Class 3A
School
Record
LW
1
Mount Vernon
6-1
1
2
Estherville Lincoln Central
7-2
2
3
Dubuque Wahlert
3-1
3
4
Forest City
7-0
4
5
Roland-Story
5-1
5
6
Cherokee
6-0
6
7
Williamsburg
5-1
7
8
Algona
3-2
8
9
Spirit Lake
5-0
12
10
PCM
7-1
9
11
West Delaware
4-2
10
12
Center Point-Urbana
4-2
13
13
Hampton-Dumont
6-0
15
14
Monticello
4-3
11
15
Mid-Prairie
5-0
NR
 
Dropped Out: Humboldt (14)
 
Class 2A
School
Record
LW
1
Eddyville-Blakesburg-Fremont
8-0
1
2
North Mahaska
6-0
2
3
Iowa City Regina
7-0
4
4
Hinton
8-0
8
5
Central Lyon
5-1
4
6
Rock Valley
5-1
5
7
MVAOCOU
6-0
6
8
Denver
6-0
7
9
West Lyon
5-3
9
10
Westwood
6-1
11
11
Cascade
4-2
12
12
Treynor
6-0
13
13
Maquoketa Valley
8-0
14
14
Hudson
4-1
10
15
AC/GC
5-0
NR
Dropped Out: Pella Christian (15)
 
 
Class 1A
School
Record
LW
1
North Linn
7-0
2
2
Newell-Fonda
4-1
5
3
Algona Bishop Garrigan
4-1
1
4
Riceville
4-1
3
5
Mount Ayr
6-0
4
6
Council Bluffs St. Albert
7-0
6
7
Montezuma
4-3
7
8
Kee
5-1
8
9
Springville
5-2
9
10
Woodbine
5-0
10
11
East Buchanan
4-3
11
12
Saint Ansgar
5-0
12
13
Lynnville-Sully
5-3
13
14
Highland
6-1
14
15
Gladbrook-Reinbeck
5-1
15
 
Dropped Out: None

2024 AMU “Deck the homes” winners announced

News

December 19th, 2024 by Ric Hanson

(Atlantic, Iowa) – Officials with Atlantic Municipal Utilities have announced their 2024 “Deck the Homes” Winners!:
First Place- Burg Family: 1610 Lincoln Drive
Second Place- Kimberly Jones: 1308 Elm Street
Third Place- Mewhirter Family: 1321 Locust Street (Pictured with her daycare cuties)

Those families will receive a credit toward their AMU utility services.The contest, held each year, encourages the community to nominate their favorite merry and bright home.

No. 22 Iowa women host Northern Iowa Friday night

Sports

December 19th, 2024 by Ric Hanson

The Big Four women’s basketball series resumes on Friday night when 22nd ranked Iowa hosts UNI. The Hawkeyes are looking to sweep the instate series after wins over Drake and Iowa State. Iowa coach Jan Jensen.

Jensen says the instate games carry added emotion and she hopes they will continue.

Jensen says key for the Hawkeyes will be defending the Panther guard duo of Maya McDermott and Kayba Laube. McDermott is averaging a shade under 22 points per game and Laube ranks third in the country in three point shooting at 52 percent.

UNI is 5-5 after a 68-53 loss on the road to a South Dakota State team that is receiving votes in the AP Poll.

That’s UNI coach Tanya Warren. The Panthers shot on 37 percent in that loss and were only one of 15 from three point range.

The Hawkeyes are 9-2 after a loss to Michigan State in their Big Ten opener. It’s a 6:30p.m. tip-off in Carver-Hawkeye Arena.

Missouri’s Eliah Drinkwitz previews Iowa

Sports

December 19th, 2024 by Ric Hanson

Missouri coach Eliah Dinkwitz says Iowa will provide a tough challenge in the Music City Bowl. The Tigers take a 9-3 record into the December 30th game in Nashville against a Hawkeye team that is 8-4.

Drinkwitz says the Hawkeyes have been a model of consistency under Kirk Ferentz.

Drinkwitz says the Hawkeyes have a veteran coaching staff.

Northern Iowa football coach Todd Stepsis on reeling in the MVC powers

Sports

December 19th, 2024 by Ric Hanson

When Northern Iowa football coach Todd Stepsis wants to see where he hopes to take the Panther program all he has to do is turn on coverage of the FCS playoffs. Missouri Valley powers North Dakota State, South Dakota State and South Dakota are three of the four teams that will compete in this weekend’s semifinals. Stepsis is trying to rebuild a UNI program that has not made the playoffs since 2021.

Stepsis says if the Panther can be competitive in the Valley they will be competitive nationally.

Iowa’s jobless rate rises slightly due to ‘anxiety’ about election

News

December 19th, 2024 by Ric Hanson

(Radio Iowa) – The head of Iowa Workforce Development says the state’s seasonally adjusted unemployment rate for November rose one-tenth of a point from October to three-point-one percent. Workforce director Beth Townsend says the increase was expected, even with the anticipated hiring of seasonal workers for the holidays.  “No, it wasn’t a surprise. We’ve been seeing a regular increase for quite some time due to anxiety and uncertainty, given the national election,” Townsend says, “so no, not surprised.” The national unemployment rate also rose for the month to four-point-two percent, more than a full point above Iowa’s rate. Townsend says Iowa typically has a better showing than the U-S figures.

“We have a much higher labor force participation rate,” she says. “The labor force participation rate nationally is 62.5 and our rate actually increased in November for the first time in 2024, so we’re at 66.3% which is good. We want to see it trending upwards.” Another bright spot in the report, according to Townsend, was that 16-hundred Iowans came back to the labor force in search of a job.  “I think the rate still reflects a little bit of uncertainty, and you didn’t have enough time between the election and the end of the month to see a whole lot of new hiring or things of that nature that would bring the unemployment rate down,” she says, “but we did see more people return to the workforce, and that is always a good sign. It was 1,600 people, so we’re very, very happy about that.” Townsend says it’s possible we’ll see better numbers for December, though she admits there may not be a significant shift upwards until spring.

“Well, I would hope so,” Townsend says, “but again, given that the new administration has not started yet and there hasn’t been significant changes in economic policy at this time, there’s going to be a lag between when a new administration comes in and starts implementing their own policies and when business and economy can catch up.” There are still about 50-thousand open jobs posted on Iowa-Works-dot-gov and Townsend says anyone who’s on the hunt for a new employment opportunity should log in.

Big changes coming for Mega Millions

News

December 19th, 2024 by Ric Hanson

(Radio Iowa) – The Iowa Lottery Commission has signed off on major changes to the multi-state Mega Millions game slated to begin in April. Lottery C-E-O Matt Strawn says the changes are designed to draw more players. “The Mega Millions Consortium, which is a group of states that actually governs the Mega Millions game, thoroughly researched and designed these changes to provide a variety of options new excitement and the large grand prize jackpot amounts that players in research say is necessary for those premier lotto games today,” Strawn says. The cost of Mega Millions ticket will go from two to five dollars, with the promise of a bigger payout.

“The Mega Millions starting jackpot will more than double to 50 million dollars and with the redesign, the grand prize jackpot will grow faster and produce more frequent to billion dollar plus jackpots,” he says. Strawn says all levels of prizes will increase. “There will no longer be any break even prices, so the smallest prize in the revamped game will be doubling your ticket price. So ten dollars, twice the purchase price,”Strawn says. Players now have to pay an extra dollar for the multiplier that increases the jackpot. Strawn says the multiplier now comes automatically with every ticket and will randomly increase your winnings from two up to ten times. Your the odds of winning the Mega Millions jackpot will improve.

“Dropping from about one in 303 million to about one in 290 million,” he says. “And correspondingly, the overall odds of winning any prize in the game will also improve. “The first drawing of the reconfigured  Mega Millions game is set for Tuesday, April 8th 2025.

Iowa is one of 44 states along with the District of Columbia and the U-S Virgin Islands which sell Mega Millions. The game is 20 years old, but Iowa didn’t start selling it until 2010.