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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 23, 2014
Page
13
Reader questions an invitation only investment in receivables offering 5 to 7 percent returns. Scott Burns notes banks rejected borrowers so such notes are high risk and illiquid with sales depending on the organizer, not markets. He warns to seek liquidity, avoid high commission sales and consult experienced investors.
George C. Ford reports Iowa corn and soybean crops in good to excellent condition though topsoil moisture remains mostly adequate with some deficit. Fieldwork days reached 6.3, hay cutting advances, and prices at Dyersville and Fort Atkinson auctions topped at 170 and 200 dollars per ton.
DuPont expects no near term rebound in its agriculture business as farmers favor soybeans over corn. The unit likely posts a similar third quarter loss to a year ago, with second quarter revenue down about 1 percent to $9.71 billion and agriculture operating earnings down 11 percent to $836 million.
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