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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 21, 2015
Page
9
Apache in Cedar Rapids faces supply chain woes as West Coast port labor talks extend delays. CEO Tom Pientek cites containers stuck offshore and fewer backhauls from Asia, risking a paused $7.3 million expansion while US and overseas customers feel the squeeze.
Iowa had 88 000 farms in 2014 a decline of 500 from 2013. The largest drop was in the 1000 to 9999 dollar sales range with 400 fewer farms. Total Iowa farm land dropped 100 000 acres to 30.5 million. The U S farm count fell to about 2.08 million nationwide with total land at 913 million acres. The average Iowa farm size rose to 347 acres. national average 488.
University of Iowa Career Leadership Academy hosted a five course etiquette dinner at Hotel Vetro to train students in dining dress and behavior for business meals. Instructors and employers from Geico Enterprise Rent-A-Car Northwestern Mutual led lessons on networking, communication, and proper table manners.
Deere & Co reports a 43 percent drop in first quarter profit and lowers its 2015 net income forecast to 1.8 billion dollars as farm income weakens demand for equipment. The company expects farm and turf machinery sales to fall 23 percent this year, with overall equipment sales down about 19 percent in the quarter ending April 30. Net income was 387 million dollars in the quarter, with revenue at 6.38 billion. Layoffs in Iowa and Illinois continue, including 565 jobs in Waterloo.
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