Then know this: Rastetter gave $5 million in 2008 toward upgraded Hawkeye football training facilities. When Branstad appointed Rastetter to the Iowa Board of Regents in 2011, Rastetter became an ally of Lang, then the board president. Along with his four children, Stine owns almost 100%. We and our partners share information on your use of this website to help improve your experience. In 2011, Rastetter came under scrutiny after Branstad appointed his brother Brent Rastetter whose company Quality Ag builds large scale hog facilities to the Iowa Environmental Protection Commission. In the early days of the farm, his parents, Harley and LaVon, lived modestly, with few luxuries. For Klicker, Rastetter is the poster boy for everything thats wrong with big pork. Rastetter also has a connection to Nick Ryans 501(c)(4), American Future Fund, which pulled in more than $13 million from Koch-backed Freedom Partners in 2012. Last summer, Chris Soules, the current star of The Bachelor who happens to work for Rastetters Summit Group as a real estate broker was reportedly in attendance, rubbing elbows with Marco Rubio and Ted Cruz. After all, one year he allowed Branstad to take his private jet from a governor's conference in Milwaukee to his summer party, held on his $537,440 country estate near Hubbard. Required fields are marked *. Hes currently the CEO of Summit Group, a diverse company that operates in corn, soy, cattle, international farm real estate and private equity. The svelte and piercingly blue-eyed Rastetter can be enigmatic. "In the farm crisis days in Iowa, it was almost life-threatening for some people because they took it so hard that they didn't have success.". I don't view it as being a kingmaker. Brent Rastetter said his older brother helped him earn money for college and showed him the ropes of business, leading him to today run his own company, Quality Ag Builders, which builds hog confinements. At the time Monsantowith Fraley, then president of the companys genomics group, leading the chargehad developed the biotechnology to insert genes into crop seeds, making them resistant to glyphosate, the plant-killing herbicide in the companys dominant weed killer, Roundup. The company supports capital investments with strategic private equity partnerships and manages agricultural assets, including extensive beef, pork and grain production facilities. He got help from Branstad, whom he recruited to run for governor in 2010 and was his top donor. It is a good reminder to those tempted to confine innovation solely to the world of Silicon Valley that some of the most impressive and fundamentally important advances on Earth are occurring today in agriculture, and the global epicenter is Americas heartland. But this cycle, hes taking a different approach. Im a data and information and facts person; Im not a people person. The seed marketa $44 billion worldwide industry that supplies crop growers with the essential element they use to plant, harvest and sustain the worlds food supplyis expected to double in the next five years as crops fortified with more resilient genetics improve yield and efficiency. Just how much pull does Rastetter have? His achievement has been built on a foundation of hard effort. "I kept thinking, there's got to be somebody else," Branstad said. In 2004, Rastetter sold the company to Christensen Farms, making it the fourth largest pork player in the country. "A guy looks back on things and wishes he would have done this or that thing, or taken more time and not worked so hard," Rastetter said. William Rastetter owns over 20,000 units of Neurocrine Biosciences stock worth over $4,315,690 and over the last 20 years he sold NBIX stock worth over $1,559,850. Its an insight that will revolutionize the corn industry, says Dermot Hayes, a professor of agribusiness at Iowa State University. But Rastetters moves over the past decade look like a how to guide for becoming a political power player, with far more influence than other wannabe Iowa kingmakers. "He is a mentor in terms of business, but also how you play to win. Influencers in American politics are power players who help get candidates elected, put through policy proposals, cause ideological changes, and affect popular perceptions. CEO: Donald Trump Can Win Iowa If He Stays On Message | Squawk Box | CNBC, Bruce Rastetter at the 2014 Land Investment Expo, Adapting to Weather Extremes 12/11/2013 part 1, Rastetter on controversy over ISU President Leath's flights, Trade Roundtable (April 13, 2018) -- Extended Discussion, Full video: Rastetter meets with Register editorial board, Rastetter on what's expected of new UNI president, Entrepreneur Adds Ethanol to Ventures List, Royal National Lifeboat Institution net worth, Royal Society for the Protection of Birds net worth, New York City Department of Buildings net worth, National Grid Corporation of the Philippines net worth, CORRUPTION: What happened to Grant Solomon? Owner: rastetter, bruce l Tax Year: 2017 Tax Amount: $7956 Total Market Value: $542,990 +Edit Neighbors View All Past Address Crescent, IOWA FALLS, IA 50126 View Address Owner: rastetter, bruce l Tax Year: 2010 Tax Amount: $3156 +Edit Past Address 10640 Highway D20, Alden, IA 50006 View Address +Edit Past Address It's what our country and our economic system allows," he said. Tad had turned around on a dime, and the accident happened.". And also embracing success and encouraging people to try.". He floated the concept to Rastetter last fall when the two were at a Hawkeye football game: We were tailgating and talking politics, he recalls, pointing out that Iowa hosts lots of forums for presidential candidates, but theres never been one focused on agriculture despite the sector representing a third of the states economy. [2] Hawkeye Renewables was followed by Hawkeye Gold Ethanol Marketing Group in 2008. Bruce is the kind of person who never forgets a friend.. Terry Branstad. The Ryans consulting and lobbying firm Concordia Group is organizing the agriculture summit. Hes not afraid to speak his mind. | American agribusinessman, agricultural entrepreneur, "Bruce Rastetter, the One Iowan Who Got Jeb Bush To Care About Hogs", "Bruce Rastetter: The quiet, fierce man behind ag summit", https://en.wikipedia.org/w/index.php?title=Bruce_Rastetter&oldid=1095489056, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 June 2022, at 17:17. "We were fortunate on the timing of it. Bruce Rastetter heads the Agriculture Summit. He maxed out to several top conservative candidates in 2014, including North Carolinas Thom Tillis, Alaskas Dan Sullivan and Iowas Joni Ernst, and gave $50,000 to Karl Roves American Crossroads. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? [6] In 2015 Rastetter announced the inaugural Iowa Agriculture Summit to address the political initiatives and interests of farmers and agriculture in the state, such as GMO's, nutrition labeling, food waste, and biotechnology. Says Stine: Im having too much fun., I cover the .1%: got my mind on their money and their money on my mind. The Register will also cover counter events held by a coalition including Iowa Citizens for Community Improvement. The acquisition comes after Telepharm in 2014 closed a $2.5 million venture capital fundraising campaign led by Iowa Board of Regents President and agribusiness pioneer Bruce Rastetter; Adam. He has the right combination of everything, says son Myron, who has worked alongside his father at the company for 20 years. A DuPont Pioneer study from 2012 concluded that for most of the Corn Belt narrow rows do little to increase yields. According to Forbes and industry experts' latest study, Bruce Rastetter estimated net worth is more than a couple of million USD. At almost every location they plant them, he says, his seeds outperform any other variety. Bruce L. Rastetter is an American agribusinessman, agricultural entrepreneur, and former president of the Iowa Board of Regents, which governs the state's three public universities. "All those words fit him to a T. It seems like anything he touches turns to gold.". It seems like a huge opportunity, he said. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Asked about the potential perception that he failed at two industries and still came out ahead, he scoffs. And I wanted to do something that would make a difference. Hog production is a cyclical industry, and, ultimately, prices tanked. Whitney and other investors, Heartland Pork Enterprises Inc. became the fastest-growing hog operation in Iowa and the United States and the 12th-largest pork producer. Stine Seed was first in line to get its top-performing varieties patented. Bruce who brought in $3 million and $5 million Networth Bruce collected most of his earnings from his Yeezy sneakers While he had exaggerated over the years about the size of his business, the money he pulled in from his profession real-enough to rank as one of the biggest celebrity cashouts of all time. 5. Additionally, it was a labor-intensive, painstaking endeavor, unsuitable to most businessmen or dawn-to-dusk farmers but perfect for Stine, innately curious and capable of intense focus, despite a childhood filled with academic struggles. FORBES estimates that Stines companywhich, among other things, also breeds corn genetics, creates plant traits in its biotech lab and has a small but growing commercial seed sales operationis worth nearly $3 billion. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Tall has always been sexy for corn, even though less than half of the plant is actually harvested. [5] In early 2015, Rastetter, with the help of Iowa governor, Terry Branstad (R), brought Republican presidential candidates Jeb Bush, Scott Walker, Chris Christie, Ted Cruz, Rick Santorum, Donald Trump and Mike Huckabee. In addition, he makes $671,980 as Independent Chairman of the Board at Neurocrine . Many people ask this question about the money Bruce Rastetter makes from Twitter. [1] Rastetter was also helped by Nick and Jill Ryan, the former runs the American Future Fund, a 501(c)(4) that "pulled in more than $13 million from Koch-backed Freedom Partners in 2012. The secret to Stines golden corn? He declined to discuss undisclosed giving to other political causes. Hawkeye went on to build two more plants in Menlo and Shell Rock, and Rastetter maintained his management team. Rastetter also got plenty of help from Nick Ryan, a major Iowa operative, and his wife Jill Ryan, Santorums former deputy campaign manager. Bruce Rastetter net worth 513 Thousand Millions of dollars 75% Net worth score Disclamer: Bruce Rastetter net worth displayed here are calculated based on a combination social factors. He isnt bashful about what his small-town company has accomplished. They sold off the jet skis and never went riding again. [4] He serves on governing and advisory boards of a variety of organizations, including Cultivation Corridor, AltEnergy LLC, Rural American Fund, American Agriculture and Energy Council, Iowa Renewable Fuels Association, and the college of agriculture at Iowa State.
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