Business Notebook: Heartland to host NRA hunt; ADM nutrition division acquires companies

Posted: Jan. 30, 2013 4:25 pm Updated: Feb. 25, 2013 10:15 am

Herald-Whig Senior Writer

Heartland Lodge near Nebo, Mo., will partner with the National Rifle Association for a pheasant hunt Oct. 4-6.

"This is a pretty substantial event. It's the first time we've done something of this scale with the NRA," said Gary Harpole II, owner of the lodge.

Tim Bradley, an acclaimed exhibition shooter from Team Benelli USA, will put on a shooting demonstration at the hunt, which has a cost of $1,350 per hunter.

This is the 16th year Heartland Lodge has been an Orvis-endorsed facility. It has hosted similar events with the North American Hunting Club, and other hunting and shooting organizations.


ADM acquisitions

A subsidiary of ADM Alliance Nutrition Inc., headquartered in Quincy, has acquired two Puerto Rican feed manufacturers.

ADM Alliance Nutrition of Puerto Rico now has a feed mill and port access, along with storage after obtaining NutriMix Feed Co. and Granossa Corp.

Alliance Nutrition is a leading producer of livestock feeds and supplements, and is a wholly owned subsidiary of Archer Daniels Midland.


Steakhouse opening

Quincy's new Texas Roadhouse restaurant is expected to open Feb. 25, according to a Facebook post for the local business.

Steve Brink is owner of the steakhouse at 5120 Broadway.

The first Texas Roadhouse was built in Clarksville, Ind., in 1993, and the company has grown to include more than 300 restaurants in 40 states.



U.S. home prices in 20 major cities rose by 5.5 percent in the 12 months ending Oct. 31. The S&P/Case-Shiller index was greeted by economists as a sign that housing market gains will help lead to a stronger economy in 2013. ... Pfizer CEO Ian Read has confirmed that the company is considering eventually splitting into a value core and an innovative core over time. The company already has shed its infant nutrition segment and its animal health unit. ... Democrats in the U.S. Senate and Republicans in the U.S. House believe that some level of sequestration will occur starting in March. Congress previously called for $1.2 trillion in reduced spending on domestic programs over a decade and set up automatic cuts if there was no agreement on where specific cuts should be made. ... The National Retail Federation projects that retail industry sales will increase by 3.4 percent in 2013. Those sales, which exclude autos, gas station sales and restaurant revenues, rose 4.2 percent in 2012 and have averaged annual growth of 3.6 percent over the past 10 years. ... U.S. Census Bureau statistics indicate that Hispanic buying power will hit $1.5 trillion annually by 2015, a 50 percent increase over 2010. Asian buying power is forecast at $750 billion in two years, a 40 percent increase over 2010.


The good

U.S. companies added 192,000 workers in January, according to ADP Research Institute, which reported that 185,000 employees were added in December.


The bad

The U.S. economy suffered a 0.1 percent contraction in the fourth quarter of 2012 due in large part to Hurricane Sandy and defense spending cuts. The slowdown halted a four-year recovery from the 2007 recession.


The ugly

Spain's second recession in three years grew worse during the fourth quarter of 2012 as the nation's gross domestic product fell by 0.7 percent. Spain's December retail sales fell 10.7 percent year to year.


Quote of the Week

"We would encourage consumers to think twice before paying the excessive fees and interest associated with borrowing money that already belongs to them anyway."

-- Arkansas Attorney General Dustin McDaniel, concerning the financial pitfalls of seeking refund anticipation checks or refund anticipation loans from tax preparers