Iowa Farm Bureau is a small nonprofit. It’s sitting on a huge business empire.

In May, senior executives at the Iowa Farm Bureau Federation finalized a little-noticed financial maneuver that could boost their income for years to come. While a nonprofit, the Farm Bureau owned a highly profitable, publicly traded insurance business, FBL Financial Group. For nearly a year, the executives — whose incomes depended on FBL — had wanted to privatize the company. But the move spurred several lawsuits, with a major investor publicly accusing the Farm Bureau of low-balling the remaining shareholders it was attempting to buy out. To settle, the Farm Bureau paid investors more, and the deal closed this spring.

With Poplar Trees, a One-Time Polluter Makes Some Green

NORTH LIBERTY – Lou Licht was once a polluter – aiding and abetting companies that spewed toxins into the air and water.
Today he could hardly be greener.
With a quick-growing, toxic-zapping tree and a patented technique, Licht cleans up the types of messes he once helped create. His professional and environmental interests are wrapped up in trees, and he hopes to apply his work in Iowa.