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Surging U.S. crop prices reverse fortunes in rural Iowa


EnergySurging U.S. crop prices reverse fortunes in rural Iowa
Tom Polansek
1/5
Brothers Chris and Bret Hays with their new tractor and planter in a field at their farm in Malvern, Iowa, U.S., April 27, 2021. REUTERS/Rachel Mummey
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U.S. farmer Rob Arkfeld was vacationing on a sandy beach in Mexico s Riviera Maya when he won an online auction to rent 535 acres of cropland back home in Iowa by bidding nearly double the local average for each acre.
While sipping a drink and swiping his smartphone, the 48-year-old agreed to pay an annual rent of $417.50 per acre for the next two years for the ground in Mills County. That amount is big enough not just to rent, but to buy land in some parts of the United States. ....

United States , New Holland , Iowa State University , Mills County , Chicago Board Of Trade , Rob Arkfeld , Donald Trump , Lonn Schlueter , Riviera Maya , Eric Hansotia , John Stortenbecker , Doug Shere , Bret Hays , Bountiful Blossoms Bee Company In Glenwood , Thomson Reuters Trust Principles , Federal Reserve Bank , Jefferies Equity Research , Us Department Of Agriculture On , Deere Co , President Donald Trump , Glenwood Farm Equipment , North America , Lindeman Tractor , Jefferies Equity , Bountiful Blossoms Bee Company , Carol Fassbinder Orth ,

Southern targets Dec start for new Georgia Vogtle 3 nuclear reactor


EnergySouthern targets Dec start for new Georgia Vogtle 3 nuclear reactor
Reuters
3 minute read
U.S. energy company Southern Co (SO.N) said Thursday it was targeting a December in service date for the third reactor at its Vogtle nuclear power plant in Georgia.
That is about a month behind the unit s regulatory-approved November in-service date but is in line with the possible delay Southern announced last month. read more
Southern, which released the Vogtle update as part of its quarterly earnings report, said the unit started hot functional testing on April 25. That is one of the last major tests prior to loading fuel into the plant, which Southern expects to occur in the third quarter. ....

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Caterpillar beats earnings estimates as global recovery boosts sales


BusinessCaterpillar flags supply-chain risks as global recovery boosts earnings
ReutersSanjana ShivdasRajesh Singh
3 minutes read
Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake
Caterpillar Inc (CAT.N)on Thursday reported higher quarterly earnings but warned supply-chain bottlenecks, particularly a global shortage of semiconductor chips, could affect its ability to keep up with increasing customer orders.
In an interview, Chief Financial Officer Andrew Bonfield said while the company was seeing a recovery in most of its markets around the world, the supply situation related to chips remained dynamic and very fluid and could impact production later this year. ....

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