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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 14, 2011
Page
6
Stocks fell as the S&P 500 dipped from a rapid rally last seen in March 2009. The Dow dropped 40.72 points to 11,478.13 while the Nasdaq gained 15.51 to 2,620.24 and the S&P 500 slid 3.59 to 1,205.66.
Iowa offers up to 3500 in down payment assistance through year end for FirstHome and FirstHome Plus buyers. Gov Branstad announced the increase from 2500. A list of participating lenders and eligibility details are online at the Iowa Finance Authority site.
The House and Senate agriculture committees push for about 23 billion dollars in farm and nutrition savings over ten years to satisfy a national debt reduction panel. Democrats and Republicans collaborate to identify cuts including eliminating five billion dollars annually in direct payments.
U S farmers celebrate approval of free trade agreements with South Korea Colombia and Panama. Tariff elimination will boost farm exports by 2.3 billion and create about 20 000 agriculture related jobs while consumer prices rise little. Iowa voices note gains for corn pork cattle and other products.
Mark Armstrong and Barbara Grant end Acoustic Farms Dairy near Springville after two years of building a microdairy. They began at Terra Madre in 2008 and expanded to 30 cows, producing mozzarella curds and Parma Blue. The couple sold some assets, avoided debt, and reflect on long hours, health issues, and the loss of worklife balance before closing.
Deere & Co plans fewer U S combine deliveries in fiscal 2012 amid a glut of used machines. Southard Implement with stores in Marshalltown Grinnell and Tama says it may receive up to 16 combines after selling 27 in 2011. Used combines cost over 200000 each and inventories are bulging.
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