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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 27, 2004

Page

18

Market rally fades but stocks rise for the week

Wall Street unfinished rally trims gains as profit taking leaves stocks narrowly higher for the week. The Dow Jones average dips 5.85 to 10212.97 and the Nasdaq falls 7.15 to 1960.02, yet the week shows modest advances of 0.3 percent and 1.0 percent respectively.

Wall Street Brian Belski Piper Jaffray

Hog numbers grow nationwide and Iowa up in 2004

The USDA reports a 2 percent rise in the U.S. hog inventory to 53.4 million head, with Iowa up 4 percent to 14.46 million. First-quarter slaughter rose about 4 percent as demand, possibly linked to low carb diets, supports higher prices. Prices are projected higher in spring. feed costs remain a profitability challenge.

the Gazette U.S USDA Iowa National Park Glen Grimes Extension Ag University of Missouri Extension Service Grimes Canada Victor Aidegan Farms.com Hedge Services Inc North Carolina

U S presses trade partners to lift mad cow ban on beef

The United States formally informs trading partners that U S beef is safe to eat as negotiations to lift bans begin. Ron DeHaven sends letters with safety summaries and cases searched amid about 50 nations having restricted beef since the BSE case in Washington state.

U.S United States Agriculture Department Ron DeHaven Washington State

Czech Feather and Down Finds New Customers Online

Vanous at Czech Feather and Down Co. in Cedar Rapids leverages her Web site to attract customers from Europe and beyond for oversized handcrafted pillows comforters and feather beds. She highlights custom pillows lasting value and the option to refurbish aging pieces.

Duane Crock the Gazette Cookie Vanous Springville Czech Feather and Down Co Cedar Rapids Vanous Germany Ne Gazette 16Th Ave Czech Village Europe

MCI to lay off 4000 amid Do Not Call impact

MCI announced 4000 jobs cuts, more than 7 percent of staff, and closures of call centers in Denver Phoenix and Niles Ohio due to cost pressures and Do Not Call laws. Remaining centers include Cedar Rapids Iowa City and Sergeant Bluff while other sites in Alpharetta Colorado Springs and Springfield face reductions. Cuts take effect in May and June as MCI seeks cost restructuring during bankruptcy exit efforts.

Mclean, Va MCI Alpharetta Colorado Springs Colo Springfield Iowa Carolyn Tyler Cedar Rapids Iowa City Sergeant Bluff WorldCom Phoenix Denver Niles

Farmland values rise driven by investors and demand

Survey data show Iowa farmland values climbing in late 2003 with 4 percent gains for good land in Q4 and overall price increases of about 10 percent. Bankers expect further rises as hobby farms and non farm investors buy land, echoing another Realtor Land Institute reading and an ISU year end survey.

Gazette Federal Reserve District Federal Reserve Bank of Chicago Iowa Iowa Farm & Land Chapter No Realtors. Land Institute Iowa State University

Farmland Seen As New Investment Draw For Iowa City Investors

A Iowa farm land survey notes investors shifting from stock markets to farmland amid improving credit, rising corn and soybean prices, and low interest rates. Appraiser Robert Crane cites cases where large stock withdrawals redirected to land purchases, including a $20 million move in central Illinois. Family farmers remain financially resilient with manageable debt.

Robert Crane Crane & Associates Iowa City Illinois Farce County Crane

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