Jeremy Borrego

Jeremy Borrego

Piatt voters will have advisory say on rural lot size

MONTICELLO — Should Piatt County reduce the 20-acre minimum required for home-building on agricultural land? Voters will get a chance to chime in on this issue through an April 9 advisory referendum. The question was placed on the ballot by the Piatt County Board.

Farmland prices hit double-digit increases again

BLOOMINGTON — Illinois farmland prices increased at double-digit percentage rates again last year, a report from the Illinois Society of Professional Farm Managers and Rural Appraisers said.

Business roundup: Groundbreaking set for Danville credit union

DANVILLE — The Danville Bell Credit Union plans to break ground Saturday for a new facility at 3591 N. Vermilion St. in Danville.

The new 3,500-square-foot building near the intersection with Poland Road is expected to open early this fall. The credit union's current office is at 307 N. Walnut St., Danville.

Champaign among cities to 'suffer most' from fiscal crisis

Champaign and Springfield are among the cities in Illinois that have the most to lose because of the state's poor fiscal condition and "will suffer the most as it tries to get on a long-run path to a sustainable budget," says a report by Moody's Analytics.

Andersons reports revenues up for 4th quarter, 2012

MAUMEE, Ohio — The Andersons Inc. on Wednesday announced net income of $79.5 million, or $4.23 per diluted share, in 2012 on revenues of $5.3 billion.

Earnings in 2011 were $95.1 million, or $5.09 per diluted share, on revenues of $4.6 billion.

Business calendar Feb. 3, 2013

Wednesday, Feb. 6

Agriculture Update Jan. 10, 2013

UI release: Pork producers should see profit in 2013

URBANA — Pork producers, who have been losing money as a result of high feed prices, should see some relief mid-year, a Purdue University Extension economist said.

Business roundup: Growmark to buy area fuel supplier

ASHKUM — An Ashkum-based fuel supplier has agreed to be purchased by the Bloomington-based Growmark regional cooperative.

Meier Oil Products and Manito Transit, a family-owned business since 1936, consists of a trucking company, a fuel terminal in Ashkum and bulk fuel facilities at Champaign, Sheldon, Kankakee and Pontiac.

Business roundup: Construction company files for bankruptcy

DANVILLE — Carter Construction Services Inc. of Champaign filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court on Wednesday.

The company, which listed an address of 1600 N. Oak St., C, estimated it has between 100 and 199 creditors. Both its assets and liabilities were estimated between $1 million and $10 million.

Agriculture news: Syngenta readies for expansion of Clinton facility

CLINTON — Syngenta has slated a Dec. 11 groundbreaking for a major expansion to its corn and soybean research-and-development facility in Clinton.

Upon completion, Clinton will become Syngenta's largest corn and soybean trial site in North America.