Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.
A recently introduced bill could have far-reaching impact on the U.S. sugar industry, including American Crystal Sugar, a farmer-owned cooperative that locked out 1,300 Midwest workers on Aug. 1.
The chairman for Herman Cain’s Iowa effort says the campaign “relied more on the word of farmers than Washington regulators” in deciding to run an ad containing claims the Environmental Protection Agency says are false.
The Iowa Senate will remain under the control of a slim 26-25 Democratic majority when it reconvenes in January 2012.
Two potential buyers have emerged for Iowa ethanol plants Hawkeye Energy Holdings turned over to banks as part of a bankruptcy filing last month, The Des Moines Register’s Dan Piller reports.
A subsidiary of the ethanol company, owned by Republican mover-and-shaker Bruce Rastetter, filed for Chapter 11 bankruptcy protection and turned operations over consortium of lenders, led by Credit Suisse. Piller reports that Valero Energy in San Antonio, Texas, and Arkansas-based Murphy Oil have both expressed interest in purchase Hawkeye’s ethanol plants in Iowa Falls and Fairbank.
From The Register:
Hawkeye Energy turned over the Iowa Falls and Fairbank plants to lenders as part of a prepackaged bankruptcy reorganization, citing a debt load in excess of $500 million. Hawkeye will continue to manage the plants for the banks and still owns its plants at Menlo and Shell Rock.
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