April 6, 2017
A five-minute summary of AAI, regulation, and industry activities for members of the largest state agribusiness association in the nation.
In This Issue
Winton Etchen Scholarship Deadline - April 24, 2017

As an AAI member do you have a connection to an ISU student pursuing an ag degree? 

Winton Etchen scholarship applicants must be sponsored with a letter of recommendation by an AAI member company. Applicants mus also be a resident of Iowa and a full-time student who has been accepted to ISU to pursue a degree in agriculture. You can download the 2017-2018 scholarship application here

The primary goal of the Winton Etchen Scholarship is to encourage Iowa youth to prepare for a career in agriculture. This scholarship program is designed to provide college financial assistance to a resident of Iowa or a dependent of an AAI member who chooses to study agriculture.

The AAI  Foundation will award one $1,000 scholarship to a full-time Iowa State University freshman agriculture student. If the student remains in the program, he or she is eligible for $250 in each of the following three years. The student must provide proof of full-time enrollment and maintain a 2.0 GPA. The scholarship is paid at the completion of the student's first semester each year.

Direct questions about scholarships to foundation@agribiz.org OR call 515-262-8323. 

EU Clears ChemChina's $43 Billion Takeover of Syngenta with Conditions

ChemChina [CNNCC.UL] won conditional EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta ( SYNN.S ), a deal that could help China boost its domestic agricultural output.

The deal is one of several reshaping the agricultural chemicals and seeds market, even as these deals trigger fears among some farmers that bigger, more powerful suppliers could be better placed to push up prices and economize on developing new herbicides and pesticides.

Reuters reported on Feb. 2 that the deal, the largest foreign acquisition by a Chinese company, would be cleared with conditions. READ MORE

Sukup to Acquire SBC Building Systems
by: Successful Farming

Sukup Manufacturing Co. is expanding its building product line with the acquisition of Pennsylvania-based SBC Building Systems. 

As of March 31, family-owned Sukup, based in Sheffield, Iowa, has signed an agreement to acquire the assets of SBC. Sukup's anticipated closing date is April 14. READ MORE

Iowa Cattlemen Care Online Auction For Wildfire Relief
by: Iowa Cattlemen's Association 

When: April 7, 2017 - 10 AM

The Iowa Cattlemen's Foundation, Iowa Cattlemen's Association and Dream Dirt are partnering on an online auction to raise funds for victims of the recent wildfires in Oklahoma, Colorado, Texas and Kansas. 

In addition to hay, affected cattle producers are in need of fencing supplies, milk replacer, seed to re-establish pastures, and more. The wildfire recovery will last many months and needs are expected to change throughout that time. Many Iowa cattlemen are eager to help.

There are three ways to help with this fundraising effort:
  1. Donate items to the auction. Contact the Iowa Cattlemen's Association with the terms of your auction donation.
  2. Participate in the auction. 100% of auction proceeds will be distributed to the affected states.
  3. Consider a cash donation. Donors will receive a receipt for tax purposes. Checks may be made out to the Iowa Cattlemen's Foundation and mailed to 2055 Ironwood Ct., Ames, IA 50010
The team at DreamDirt, ICA and ICF are donating all of their services, advertising and auction.  100%, every dollar raised and not a penny less will be sent for direct help of those who need our help.

Your donation will be to the Iowa Cattlemen's Foundation which is a 501C3 charitable organization and you will receive a tax deductible donation receipt for the amount your item sells for after the auction closes.  The auction will go until April 7th, where it will turn into a live auction.

Download  Flyer Here

DuPont to Sell Crop Protection Unit

FMC Corp. and DuPont announced the signing of a definitive agreement for FMC to acquire the portion of DuPont's Crop Protection business it must divest to comply with the European Commission ruling related to its merger with the Dow Chemical Co.  Additionally, DuPont will acquire FMC Health and Nutrition and receive $1.2 billion in cash.

FMC will acquire DuPont's global chewing pest insecticide portfolio, its global cereal broadleaf herbicides and a substantial portion of DuPont's global crop protection R&D capabilities. In 2017, FMC expects this acquired business will generate about $1.5 billion in revenue and $475 million of earnings before interest, tax, depreciation and amortization.
After closing of the acquisition, FMC Agricultural Solutions will become the fifth-largest crop protection chemical company in the world by revenue, with estimated annual revenue of approximately $3.8 billion. READ MORE

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Upcoming Events
& Meeting
AAI Office Closed
Good Friday
April 14

Winton Etchen Scholarship Application Deadline
Postmark by:
April 24

AAI Office Begins
Summer Hours
June 2-Sept 1

Legislative Committee Meeting
10:00 AM
June 16
AAI Board Room

AAI Services Board Meeting
10:00 AM
June 22
AAI Board Room

AAI Executive Committee Meeting
10:00 AM
June 29
AAI Board Room

Agronomy Committee Meeting
10:00 AM
July 6
AAI Board Room

AAI Board Meeting
10:00 AM
July 11
AAI Board Room

Golf Tournament #1
Fox Ridge Golf Club
Dike, IA
July 25
Co-Hosted w/ AGP

Golf Tournament #2
Emerald Hills Golf Course
Arnolds Park, IA
July 26
Co-Hosted w/ AGP

Golf Tournament #3
Tournament Club of Iowa
August 3
Co-Hosted w/ United Services Association

Golf Tournament #3
The Preserve at
Rathbun Lake
September 7

Thank you for making AAI great!
Education & Foundation

Agribusiness Association of Iowa 
515-262-8323 |   aai@agribiz.org www.agribiz.org
900 Des Moines Street |  Des Moines, IA 50309