I see a ton of activists who don't give significant dollars that still have a great impact," he said. 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. In 2004, Rastetter sold the company to Christensen Farms, making it the fourth largest pork player in the country. AT CENTER OF THE FIGHT OVER HOG CONFINEMENTS. His achievement has been built on a foundation of hard effort. He didnt know it thenand wouldnt for several more decadesbut he suffered from dyslexia and also mild, high-functioning autism. Check Background Get Contact Info This Is Me - Edit 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. Kirk Beaubien Managing Director, U.S. Real Estate. Bruce Rastetter talks about why he is hosting the Agriculture Summit among presidential hopefuls. The contracts Stine drew up prohibited this. Justin Kirchhoff President - Summit Ag Investors. Nonetheless, we hop into the elevator cab, he flips the switch to get it moving, and up we go as the wind rips into us at 40mph. The estimated Net Worth of William H Rastetter is at least $6.55 Million dollars as of 1 April 2022. By 1994, he found himself in New York City, a farm boy walking into Rockefeller Center to talk to investors. But the joke, conducted amid full view of his empire, serves as a playful reminder: Harry Stine, the dyslexic farm boy turned cunning negotiator, data savant and agriculture visionary, is on top of the world. State legislature | Kevin Bogenreif Managing Director. "It doesn't mean you ought not try. Please let us know if you think data we have about Bruce Rastetter's height is not correct. The National Journal recently wrote about him with the headline, "When This Man Calls, Republicans Come Running," accompanied by a photograph of a herd of elephants. [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. 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. Along with his four children, Stine owns almost 100%. Way to get here was not at all a simple task. The estimated Net Worth of William H Rastetter is at least $6.83 Milione dollars as of 19 April 2023. An Iowa Powerbroker Plans to Make a Windfall From Piping Ethanol 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. 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. 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 farm crisis of the 1980s was tough. 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. 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. Net Worth: $600 Million. But this cycle, hes taking a different approach. Bruce Rastetter Net Worth | Bio, Family, Address, Career Abby Blome He got help from Branstad, whom he recruited to run for governor in 2010 and was his top donor. I think its already working.. In addition to making more money each day, Bruce Rastetter is becoming more and more well-known by the day. It is a good reminder to those tempted to confine innovation solely to the world of Silicon Valley that some of the most impressive and fundamentally important advances on Earth are occurring today in agriculture, and the global epicenter is Americas heartland. Federal courts | Just how much pull does Rastetter have? Bruce's brother, Brent Rastetter, who owns a company that constructs hog confinement facilities, gave Branstad an additional $31,000 and was appointed earlier this year to the Iowa Environmental . He both shuns the spotlight and seeks it. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Iowa CEO whose company has Brazil ethanol plants say they aren't Bruce L. Rastetter - Biography 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. His disabilities were actually advantages that let him see things in ways others did not. "We were fortunate on the timing of it. 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. 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 also helped secure Stine, in 1997, one of the most pivotal and lucrative deals in agricultural history. 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. The svelte and piercingly blue-eyed Rastetter can be enigmatic. He is quiet but fierce. Overnight on Wall Street is morning in Europe. Bankrupt Bruce Rastetter. Hog confinements and their smelly manure spread around Iowa while Rastetter built wealth, said Hugh Espey, executive director of Iowa Citizens for Community Improvement, which owes much of its growth as a nonprofit activist group to burgeoning opposition to hog confinements. Your email address will not be published. The acquisition comes after Telepharm in 2014 closed a $2.5 million venture capital fundraising campaign led by Iowa Board of Regents President and agribusiness pioneer Bruce Rastetter; Adam. Justin Kirchhoff President, Summit Ag Investors. "Bruce is the kind of individual that doesn't necessarily fill the room. His business ventures at times have become entangled with the universities, touching off controversies about potential conflicts of interest. 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 In 2014, he joined the board of Cultivation Corridor, an ag-bioscience firm. 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. Its an insight that will revolutionize the corn industry, says Dermot Hayes, a professor of agribusiness at Iowa State University. And now, Rastetter is getting up close and personal with the presidential hopefuls in full view of the media and other deep-pocketed donors. It shows a superior foresight.. I don't view it as being a kingmaker. Rastetter is an active philanthropist and has served as an advisor and member of several boards, including the American Agriculture and Energy Council, AltEnergy, Cultivation Corridor, Iowa Premium Beef, FS Bioenergia, Iowa Renewable Fuels Association, Iowa State Universitys College of Agriculture and Rural American Fund. 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. [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. Having conquered pork, Rastetter then turned his sights to ethanol. Summit Agricultural Group | All Rights Reserved. Bruce Rastetter - Wikipedia He's somebody whose opinions I value greatly. 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. 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. It was the summer of 2009. Rastetter pulled a lot of levers to get much of the GOP field to come to his agriculture event. The agribusiness entrepreneur and president of the Iowa Board of Regents, who has given more than $1.1 million in state political contributions since 2003, is not the sort to chuckle. 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. I thought Bruce was perfectly situated to make it happen., But Ryan also disputes the notion that Rastetter is a kingmaker in the state. 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. 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. This story appears in the April 13, 2014 issue of Forbes. In the early days of the farm, his parents, Harley and LaVon, lived modestly, with few luxuries. 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. $25 per post at a $5/CPM. Influencers in American politics are power players who help get candidates elected, put through policy proposals, cause ideological changes, and affect popular perceptions. [1] I understand how folks could look at him that way, he said. The would-be candidates and people in their orbit have been calling Rastetter and his team asking for help as they mull their positions on the issues. I believe in the whole economic freedom perspective. Rastetter counters that students should be happy. With Hawkeye, that was 2006. 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. William Rastetter Net Worth (2022) | wallmine Along the way, hes tried his hand at investing, including helping build and sell a craft beer-company. "[5] Jill Ryan was Rick Santorums former deputy campaign manager. "Bruce is like I am. $140 per post at $7/CPM. He grew up on a small farm near Buckeye, with three brothers and a sister. Its going to take some time, says Rastetter, who is experimenting with Stines model. Like one of those for your desk? The Ryans consulting and lobbying firm Concordia Group is organizing the agriculture summit. So why should he have any greater voice in choosing our elected officials than the regular Joe? 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. "Dollars you contributed help those people get elected, which is what our system is. 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. I don't give to get access. He started feeding hogs on contract in 1984, and within two years, 500 head grew to 100,000. Our Team Bruce Rastetter Chief Executive Officer. Last summer, Chris Soules, the current star of The Bachelor who happens to work for Rastetters Summit Group as a real estate broker was reportedly in attendance, rubbing elbows with Marco Rubio and Ted Cruz. Chris Christie, Ted Cruz, Rick Santorum, Donald Trump and Mike Huckabee will enter the agriculture policy ring, too. And then well negotiate.. Please only use it for a guidance and Bruce Rastetter's actual income may vary a lot from the dollar amount shown above. Thats good news since the worlds population continues to grow by about 85 million every year, while arable land remains scarce. In addition, he makes $671,980 as Independent Chairman of the Board at Neurocrine . 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. [3], Rastetter, in 2011, founded the Midwestern Summit Ag Fund, which is a farm acquisition and leasing fund. "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.". 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. [2] Rastetter created Hawkeye Energy Holdings in 2003, now one of the nation's largest pure-play ethanol producers. "That was a life-changing event because we had liquidity," he said of the sale. The seed marketa $44 billion worldwide industry that supplies crop growers with the essential element they use to plant, harvest and sustain the worlds food supplyis expected to double in the next five years as crops fortified with more resilient genetics improve yield and efficiency.
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