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Business Briefs - March 6, 2013
 
Deere 1Q net income jumps 22 percent
MOLINE, Ill. (AP) — Deere & Co. reported its first-quarter net income leaped 22 percent as it sold more farm machines for higher prices.

Deere said it earned $649.7 million in the quarter ended Jan. 31, or $1.65 per share. Revenue rose almost 10 percent to $7.42 billion. Analysts surveyed by FactSet had been expecting earnings of $1.39 per share on revenue of $6.73 billion.

The U.S.-based company predicted sales would rise about 4 percent in the second quarter and 6 percent for the full year. It expects 2013 net income of about $3.3 billion. That’s slightly more than analysts had been expecting.

Companies to build eastern Illinois wind farm?
PAXTON, Ill. (AP) — A 10-mile stretch of eastern Illinois highway that’s now home to almost 100 wind turbines could soon see dozens more.

Chicago-based Akuo Energy USA and a Bureau County-based firm called Stewardship Energy LLC have applied with Ford County to build a 100-megawatt wind energy project along Illinois 9. The site is near Paxton and about 30 miles north of Champaign. It would sit next to the 150-megawatt Pioneer Trail Wind Farm built in 2011.
The News-Gazette in Champaign reported the companies want to erect up to 49 new turbines over the next year in what they’re calling the Dogtown Wind Project. The project’s application says it would cost about $200 million to build and produce eight full-time jobs.

Art’s Way launches site for Universal Harvester

ARMSTRONG, Iowa — Art’s Way Manufacturing Co., Inc. is proud to announce it has launched a new website for its wholly-owned subsidiary Universal Harvester at www.uh creels.com

In May 2012, Art’s Way completed the acquisition of assets from Universal Harvester Co., Inc., forming a wholly-owned subsidiary, Universal Harvester by Art’s Way Manufacturing, Co.
By doing this, the company explained it was strengthening Art’s Way’s agricultural product offerings and leaving all key Universal Harvester Co. management in place serving existing and new customers.

Groups relaunch Farm Policy Facts campaign

WASHINGTON, D.C. — A diverse coalition of agricultural organizations that came together during the 2008 farm bill debate under the name Farm Policy Facts announced they are stepping up education activities during the 113th Congress.

Those groups, which include the American Sugar Alliance, Minnesota Corn Growers Assoc., National Assoc. of Wheat Growers, National Cotton Council and USA Rice Federation, also announced two new members of the coalition: National Crop Insurance Services and Southwest Council of Agribusiness.

Farm Policy Facts will communicate with the media and members of Congress via regular email alerts that will include a mix of farm policy news, detailed analysis and case studies of farm policy in action.

The coalition has also ramped up its social media efforts at www.facebook.com/FarmPolicyFacts and Twitter @FPFNews, and retooled its website, www.farmpolicyfacts.org
3/6/2013