Cargill heir dies in California

INDIAN WELLS, Calif. (AP) -- Cargill MacMillan Jr., the multibillionaire heir to the Cargill, Inc. agribusiness fortune, has died in Southern California. He was 84.

MacMillan was worth an estimated $2.6 billion based on his share in the family company, according to Forbes magazine, which placed him and other relatives on its list of the 400 richest Americans.

He is survived by his wife and four children.

Farmland value jumps in West

OMAHA, Neb. (AP) -- The average value of farmland in several Midwestern and Western states soared 25 percent over last year in the third quarter.

The Federal Reserve Bank of Kansas City, Mo., said Tuesday that bumper crops and strong farm income in northern Plains states, like Nebraska, helped the region overcome drought and flooding.

The Federal Reserve says this new survey of 243 banks showed the largest annual increase in land values in the survey's history.

The district covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

Recommended for you