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| Business Briefs - March 24, 2010 |
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Remlinger purchases PFM product lines
KALIDA, Ohio — Remlinger Manufacturing Co. of Kalida has announced the purchase of the product lines of Precision Farm Machinery (PFM) of Olwein, Iowa.
The purchase includes rock pickers, skid steer rock buckets, multipurpose fork buckets, power ditchers, post/tree pullers, bale slicers, screening buckets and all PFM prototype products. The name Precision Farm Machinery (PFM) is also included in the purchase.
Remlinger has produced and marketed mounted harrow attachments, pull type rolling basket harrows, strip-till equipment and has sold the Market Farm Equipment product line to more than 1,000 dealers for nearly 50 years.
Deadline looming to run for Indiana Soybean Alliance board
INDIANAPOLIS, Ind. — The deadline to apply for a seat on the Indiana Soybean Alliance (ISA) board of directors is March 31. To apply to be a candidate, Hoosier farmers must complete an ISA director election application, which is available on the ISA website at www.indianasoybean.com or by calling the soybean office at 800-735-0195.
Voting will take place in July and ballots will be distributed to Indiana soybean farmers by mail.
Those farmers elected in July will begin serving on the ISA board in January 2011. ISA has four voting districts and farmers elected to the 24-member board of directors will serve a three-year term. ISA is seeking candidates to fill two open seats in each of the four districts. Candidates for the ISA Board are required to have been engaged in the growing of soybeans in Indiana between September 2008 and September 2010. Candidates must certify that they own the soybeans or share the ownership and risk of loss of the soybeans.
CME and Dow Jones launch joint venture
CHICAGO, Ill. — CME Group, Inc. and Dow Jones & Co. announced the launch of the new joint venture company, CME Group Index Services LLC, on March 18.
CME has a 90 percent ownership interest and Dow Jones has 10 percent ownership in the new company, which continues to do business as Dow Jones Indexes and includes the Dow Jones Industrial Average, as well as approximately 130,000 index properties.
Dow Jones will contribute the Dow Jones Indexes business, valued at $675 million, and CME will contribute certain market data services, valued at $607.5 million, to the joint venture.
Website shows soybean farmers premium opportunities
INDIANAPOLIS, Ind. — More than 20 Indiana companies are now posting their soybean contract premium programs at a single website – www.SoybeanPremiums.org – so Hoosier soybean farmers can easily search for value-added opportunities in their area.
The Indiana soybean checkoff organization has been helping to fund the site since the fall of 2008. The Illinois Soybean Assoc. initiated the website in early 2008 and quickly expanded the reach to Indiana and Iowa farmers and companies. The expansion made it easier to accommodate premium programs offered across multiple states and near state borders.
In addition to farmers, both processors and manufacturers benefit from this site by making it easier for them to reach qualified, preferred growers who can segregate and store specialized soybeans. Their success depends upon their ability to connect with producers who can meet their product quality standards.
BASF teams up with Farm Plan for 2010 financing
RESEARCH TRIANGLE PARK, N.C. — BASF and Farm Plan have teamed up to help growers finance their purchase of two or more crop protection products from BASF, such as Headline fungicide or a Kixor herbicide technology product through Farm Plan, with 0 percent interest and no payments for the next 180 days.
To take advantage of this special offer, growers need to make a purchase using their Farm Plan account by July 15. This offer is available to Farm Plan Preferred accountholders with a special terms credit limit. Payment is due in full by December 2010.
For more details, contact your local BASF retailer, or find out more at www.financingoffer.basf.us
In addition, qualified growers may save up to $75 per gallon on their 2010 purchase of Headline fungicide. If purchased by May 15, growers may receive $75 per gallon back; if purchased by Aug. 15, growers may receive $50 per gallon back.
For full terms and conditions, go to www.headlineadvantage.com or ask your local authorized BASF retailer.
Novus acquires Animal Nutrition Division of Albion
ST. LOUIS, Mo. — Novus International, Inc. announced it has completed the acquisition of the Animal Nutrition Division of Albion Laboratories, Inc., a company based in Clearfield, Utah. Terms of the deal were not disclosed.
Products from the acquisition, including the MAAC chelated trace mineral product line, will align with Novus’s MINTREX and GLYTREX chelated trace mineral products and further expand Novus’s mineral technology. This acquisition will enable Novus to offer a broader range of products to address the needs of different customers in different parts of the world to support their livestock operations.
Since its establishment in 1956, Albion has been an innovator in mineral chelate nutrition. Geographically, Albion is primarily present in the animal organic trace mineral industry in the U.S., Europe, Canada, the Middle East and Japan. |
| 3/30/2010 |
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