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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 22, 2000
Page
16
Iowa farmland values remain firm as limited supply supports prices. Central and eastern farms fetch 2600 to 3000 dollars per acre while western areas run 1800 to 2500 dollars per acre, with a Chicago Fed survey noting 1999 values unchanged.
Roquette America Inc of Keokuk has petitioned the U S Surface Transportation Board asking the Transportation Department to adjust the 1995 Burlington Northern Santa Fe merger to restore rail competition. Before the merger the two lines competed for Keokuk traffic. Roquette, based in France, operates a large Keokuk plant on the Mississippi River where BNSF now provides the sole single line service.
EU regulators extend the 130 billion dollar MCI WorldCom Sprint merger inquiry four months citing doubts over Internet backbone access and trans Atlantic telecom impacts. The Commission notes potential bottleneck control on US EU routes and multinational services markets with Concert, BT and AT&T.
Munich based EM.TV and Mer chandising AG agreed to acquire the Jim Henson Co for 680 million dollars in cash and stock. The deal includes rights to Kermit the Frog Miss Piggy Bert Ernie and Oscar the Grouch and ownership of Sesame Street The Muppet Show Muppet Babies and Fraggle Rock. EM.TV gains over 5000 licensed Muppet products and access to Henson shows including Farscape. The purchase preserves creative independence with Henson executives remaining in charge.
American Eagle Airlines launched non stop Cedar Rapids to Dallas Fort Worth with two daily departures at 7 25 a m and 3 25 p m and return flights at 12 40 p m and 6 55 p m using 50 passenger ERJ 145 jets The service adds to five Cedar Rapids Chicago O Hare flights and follows two years of planning by the Cedar Rapids Airport Commission with local business support including Amana Appliances and Rockwell Collins The intro fare is 258 round trip with 14 day advance purchase and Saturday night stay travel must be by April 9
The Iowa Department of Agriculture and Land Stewardship will certify organic crop producers and issue a state Certified Organic seal to maintain product integrity. The Organic Agricultural Products Act of 1998 requires certification for products labeled or sold as organic, with an exemption for those earning under $5,000. For details contact the Organic Bureau in Des Moines or call (515) 281-5783.
Delta Air Lines follows Continental Airlines in raising ticket prices amid higher jet fuel costs. Delta did not detail exact increases but said the hikes are similar to Continental. Continental’s base domestic fares rose by 5 to 15 dollars one way.
Iowa corn producers watch Washington as California seeks MTBE ban relief. An EPA ruling on whether California must continue oxygenating fuel could open a large ethanol market, pitting Midwest farmers against California oil interests and stirring political debate. Senator Grassley criticizes the administration for prioritizing California over the Midwest.
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